Budget 2025 aims to revamp shipbuilding with financial assistance, infrastructure status for large ships, and incentives for shipbreaking.

Ans. The Finance Bill 2025 proposes to extend the benefit of taxation under the Tonnage tax scheme to the inland vessels registered under the Inland Vessels Act, 2021. Therefore, henceforth companies ...

The owner of an illegal passenger vessel that capsized on the Hudson River in July 2022, resulting in the deaths of a 7-year-old boy and a ...