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Tonnage Tax

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Budget: Hike in shipping tonnage tax at the wrong time

The shipping sector is already going through a down cycle.Now it has got a shocker from the Union Budget 2012-13.The shipping industry unlike other industries attracts tonnage tax and the budget......

Gold imports hit 13-year low

The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.  With the government giving a push to digital transactions......

Shipping & ports: Seafarer tax anomaly set to go off

Shipping industry got some positive news in the Union Budget with removing the anomaly in computation of residential status of seafarer working in Indian ship and foreign ship. However, Shipping......

Shipping industry seeks modernisation fund

The cyclical shipping industry continue to sail on rough sea with average monthly freight rates across major asset types continue to be lower on year on year basis. Weak freight rates are largely......

Gold price may hold steady

In the current scenario, it's hard to construct a comprehensive argument that gold prices should rally, or one that they should decline - the range-trading of recent months may continue.Gold bulls......

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