How to get your SID (Seafarers Identification document) now !!!! Indian government has started issuing Seafarers Identification document. Please follow the procedure below to apply for it. The concept of an universal Identification system for the seafarers was mooted in 1950s. Accordingly, International labour Organization (ILO) brought forward the ILO Convention C-108 on seafarers Identity Document. India has ratified this convention and issuing a Continuous Discharge Certificate cum Seafarers Identity Document to its seafarers in the form of a booklet. The world maritime community had felt the need for a more uniform and robust Identification system for the seafarers consequent to the discussions. The ILO had adopted another Convention C.185 on Biometric Seafarers Identity Document to be given to all seafarers. The new biometric SID has the provisions for the bar coding of the biometrics based identity of seafarers and a centralized data base maintained in the issuing coun
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INCOME TAX IN INDIA FOR NRI - Detailed Explanation
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We all know that taxes collected from citizens is the foundation of Indian Economy. Section NRI Taxation under the Indian Income Tax Act, 1961, applies to those earning outside the home country. The income tax rules and perks allowed to them are drastically different from those applicable to resident Indians. In this article, we will discuss Income Tax for NRIs in detail. 1. How do I Determine My Residential Status? You are considered an Indian resident for a financial year: i. When you are in India for at least 6 months (182 days to be exact) during the financial year ii. You are in India for 2 months (60 days) for the year in the previous year and have lived for one whole year (365 days) in the last four years If you are an Indian citizen working abroad or a member of a crew on an Indian ship, only the first condition is available to you – which means you are a resident when you spend at least 182 days in India. The same is applicable to a Person of Indian Origin (PIO) who i
Want to leave sailing, and start your business?? Here are few ideas that will help !!
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Ever thought of leaving sailing onboard and do a business of your own. Try our small business ideas and you might achieve that dream of yours!!! The hunt for funding has been the bane of an entrepreneur’s existence from times of yore. Many abandon their dream to build, create, and innovate in the face of this difficult struggle without realising that a good business idea will eventually pool in the bounty-full once it has secured a place in the market. Your idea will bring you your company, your company will bring you the people, and the people will bring you the market. And as we all know, a good idea has no monetary value, just a whole lot of bursting potential. Today, the world’s most successful entrepreneurs like Bill Gates, Mark Zuckerberg, and Elon Musk may hold the possibility of building pyramids out of notes, but none of them started at the top of the ladder. Facebook was created out of a Harvard dorm room at minimal cost and Microsoft was formed two years after Gates dec
Technologies that will transform Maritime industry in 2019
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Five technologies to transform maritime in 2019 Shipping is just beginning to reap some of the benefits in operational efficiency improvements, emissions and expenditure reductions, safer navigation and regulatory compliance that digitalisation has to offer. Digital momentum is building within the industry along with a push to achieve greater levels of autonomy, full adoption of artificial intelligence, crewless ships, blockchain-controlled logistics and integrated ship-port operations. With these dynamic forces set to shape the business of shipping for decades to come, Maritime Digitalisation & Communications has used our own analytics to predict the five biggest trends for the year ahead. Shipowners adopt cyber security Cyber Monday: how shipping reacts to security threats With just two years to go before IMO regulations mandate that shipowners provide cyber security measures on board their vessels under the ISM code, the growth in cyber secuity we saw in 2018 will
How will 2019 be for the Maritime industry??
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2019 has just begun, and the maritime industry is looking forward to the changes that the new year might bring. Will all of it be positive or should marine professionals prepare for the worst? Here are some of the industry developments to look out for in 2019. BIGGER INVESTMENTS IN SMART TECHNOLOGIES Digitalisation has always been foreseen as the next step in the development of the maritime industry. While the process has been slowly moving forward, it seems that in 2019 the investments into new technologies will reach new heights, according to port technology provider Navis. The company predicts that the main focus will be concentrated on automation, big data analytics and cloud services in the container shipping sector. However, less attention will fall on the Internet of Things (IoT) and blockchain technologies. Even if it’s not projected to be the top priority for many shipping companies, IoT technology will make a considerable impact in 2019. Loginno, the Israeli IoT solut