Which of the following Union Ministries introduced The Bills of Lading Bill, 2024 in August 2024 in the Lok Sabha?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Ministry of Ports, Shipping and Waterways.
The Ministry of Ports, Shipping and Waterways introduced the Bills of Lading Bill, 2024, in the Lok Sabha. Union Minister Sarbananda Sonowal put forth this legislation in August 2024. The new bill is intended to modernize the legal framework for bills of lading, replacing the outdated Indian Bills of Lading Act of 1856. The primary goal of this initiative is to improve India's maritime commerce by conforming to global standards, which will simplify business operations and lessen legal complexities.