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Market veteran Sunil Singhania noted that while the Union Budget initially disappointed, increased allocations to railways, defense, and infrastructure offer long-term growth potential. However, recurring tax changes, particularly to STT and capital gains, create investor uncertainty. Singhania emphasized the need for policy stability to attract foreign investment and support India's ambitious economic expansion goals.
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LIC CEO & MD R Doraiswamy described the Union Budget as a visionary roadmap for India's ambition to become a top three global economy. He highlighted the focus on strategic industries, MSMEs, and rural income growth, expecting market sentiment to improve as the broader development push is assessed.
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To prevent further spread of potentially catastrophic invasive species in the Great Lakes, the Canadian government is moving forward with tighter restrictions on all freighters. But standards finalized by the U.S. Environmental Protection Agency in 2024, meanwhile, apply only to a fraction of the lake-going vessels. Environmentalists say the U.S. standards are flawed because existing […]
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