The Hindu Business Line : Friday, July 09, 2004

AIRLINES
FDI in aviation capped at 49% — Buying of aircraft to attract tax
THE Union Budget, while approving the February 2003 decision of the Group of Ministers to raise the foreign direct investment cap from 40 per cent to 49 per cent in the domestic civil aviation sector, has not given its nod for foreign airlines to ... More

SHIPPING
Shipping industry says `ahoy!'
THE shipping industry is rejoicing over the introduction of the long-proposed tonnage tax regime in the Union Budget, with expectations looming large that the Indian shipping tonnage will significantly increase in the coming years. Although ... More

Tonnage tax at last for a smooth sailing
The method of calculation of tonnage tax will be based on a notional income schedule per day per net registered tonnes of the ship. More

Little more buoyant now
IT IS champagne time for the Indian shipping industry. The new tonnage tax regime will be providing a level-playing field for the domestic shipping companies to compete with foreign companies, as their tax liability ... More

Ports

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