Mauritius to offer IT jobs to Andhraites
Weeks after confusion over three Mauritius-based funds whipsawing shares of Adani group firms, billionaire Gautam Adani on Monday said that "twisted narrative" seems to imply that companies have regulatory powers over their shareholders and can compel disclosures. Shares of port-to-energy group nosedived last month after reports that accounts of three of the six Mauritius-based funds that have invested most of their money in Adani group firms had been frozen by the national share depository. The three funds owned about $6 billion of shares across the conglomerate.
Mauritius wanted extension of the benefits limitation clause in India's treaty with Singapore, which we were quite willing to extend, for our price
Withdrawing a blanket ban on overseas shipments of non-basmati white rice, the government on Saturday imposed a floor price of $490 per tonne and exempted the commodity from export duty. Exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply. "The export policy for non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or gazed) ...is amended from prohibited to free, subject to MEP (minimum export price) of $490 per tonne with immediate effect and until further orders," the directorate general of foreign trade (DGFT) said in a notification.
Deputy Managing Editor Anthony D'Costa is travelling with Prime Minister Dr Manmohan Singh on the latter's four-day visit to Mauritius.
Singapore is the favoured destination as it has traditionally had a stable fund management regime; also, its tax treaty with India is similar to that of Mauritius
From a few rain gauges in 1875 to rivalling the world's best weather agencies, the India Meteorological Department (IMD) has weathered its way to becoming a global leader in forecasting.
Mahanagar Telephone Nigam Ltd has bagged three licences for offering fixed, GSM-based mobile and international long distance services in Mauritius.
Uttar Pradesh Chief Minister Yogi Adityanath highlighted the successful execution of the Maha Kumbh 2025, emphasizing effective crisis management, economic benefits, and the event's role in national unity and infrastructure development. He cited the swift response to a stampede on January 29 and the extensive preparations that ensured a smooth experience for millions of pilgrims.
President Pranab Mukherjee will be the chief guest at the national day celebrations of Mauritius on March 12 as part of his second state visit abroad.
Foreign direct investment in India jumped 47.8 per cent to $16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at $10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to $5.85 billion and in June to $5.41 billion from $2.67 billion and $3.16 billion, respectively, in the year-ago period.
The only family Meghana lived with after losing her parents and brother in the tsunami was her dog, Alex. When Alex died after 13 years, she took her ashes to where her own family lay under the ocean. "I wanted her to join the rest of my family and that is one of the best things I have done."
Engagement with neighbours is a strategic imperative, and not an option, asserts Rup Narayan Das.
Mauritius has rejected compensation of Rs 500 crore to plug loopholes in double taxation avoidance treaty. Mauritius accounts for nearly half of all foreign direct investment (FDI) inflows to India. With the tightening of tax laws, India attempted to amend the treaty. Due to the treaty, India was suffering over Rs 4,000 crore loss annually for some years in terms of revenue foregone on account of the capital gains exemption for investors routing their funds through Mauritius.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
The Mauritian sports ministry confirmed on Wednesday that chef de mission Kaysee Teeroovengadum had stepped down from his role at the April 4-15 Games after it was alleged he had sexually assaulted women's javelin thrower Jessika Selma Rosun.
Both teams showed urgency to find the winner but were denied, with Malaysia coming close just before the final whistle.
The average value of retail digital payments dropped 48 per cent from Rs 8,769 in March 2021 to Rs 4,560 in March 2024 due to a growing preference to use digital modes of transactions for small value payments, according to the Reserve Bank of India's (RBI) report on the trend and progress of banking in India.
The government has set up two income tax overseas units at its missions in Singapore and Mauritius and will create such units in eight more countries to facilitate exchange of information on tax-related issues, Parliament was informed on Tuesday.
Mauritius on Friday said it has exchanged information related to over 170 cases with India over three years, and the two countries have made big progress on the double taxation avoidance treaty since 2006.
Megahna Rajsekhar survived the tsunami and was rescued by an unknown tribal man. 14 years later she tracked him down to say thank you.
Mauritius to hand over 32 Indian prisoners
Top officials of the Central Bureau of Investigation are in Mauritius as part of the investigation into the multi-crore Satyam scam, which its founder B Ramalinga Raju confessed to in January.
Treaty shopping by investors to be over if island nation budges on capital gains tax.
During his stay, the PM will hold wide-ranging talks on bilateral, regional and international issues with Mauritian Prime Minister Paul Raymond Berenger.
The agreements and the memoranda of understanding were signed in the presence of Prime Minister Manmohan Singh, who is in Mauritius on a four-day visit, and his Mauritian counterpart Paul Reymond Berenger.
President Pranab Mukherjee was on Wednesday conferred the honorary degree of Doctor of Civil Law by the University of Mauritius. In a ceremony attended by President Rajkeswur Purryag and Prime Minister Dr Navinchandra Ramgoolam, Mukherjee was conferred the honour by Sir Ramesh Jewoolall, chancellor of the university.
A summary of sports events and persons who made news on Sunday
