Economics
In News: Parliament has passed the Maritime Anti-Piracy Bill 2022 with Rajya Sabha approving it.
- In 2014 to 2022, 19 incidents of piracy happened in which 155 Indian crew members were involved.
- More than 90 percent of trade taking place by sea routes
Aim:
- Strengthen India’s credentials as a partner with other countries to make the world more piracy free.
- Provide an effective legal instrument to combat maritime piracy, not only in India’s territorial waters in the Exclusive Economic Zone but also on the high seas.
- Enhance India’s global credentials and strengthen maritime security.
About the bill:
- The Bill defines piracy as any illegal act of violence, detention, or destruction against a ship, aircraft, person, for private purposes, by the crew or passengers of a private ship or aircraft.
- The Bill enables Indian authorities to act against piracy on the high seas.
- It applies to the sea beyond the Exclusive Economic Zone(EEZ)
- EEZ is beyond 200 nautical miles from India’s coastline.
Source: NewsOnAir
