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.
Mauritius wanted extension of the benefits limitation clause in India's treaty with Singapore, which we were quite willing to extend, for our price
UN chief Antonio Guterres, US President Donald Trump, his Russian counterpart Vladimir Putin and Canadian Prime Minister Mark Carney were among scores of world leaders who offered condolences to the people of India in wake of the tragic plane crash in Ahmedabad on Thursday.
Engagement with neighbours is a strategic imperative, and not an option, asserts Rup Narayan Das.
As per the Budget proposals, migration of a fund to a fund in IFSC will not be regarded as transfer if done on or before March 31, 2023. Transfer of units will be tax neutral. Grandfathered investments of the fund to continue to enjoy capital gains exemption on future sale by the IFSC fund. There is no impact on carry forward of losses for the investee company.
Both teams showed urgency to find the winner but were denied, with Malaysia coming close just before the final whistle.
During this summer, Indian travel buffs are opting for destinations that provide an escape from the ominous heat, along with coastal regions within the country and countries offering visa-free travel.
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
Signing of the pact will hopefully end stock market uncertainty that came with the mention of the M-name
In order to tap the hospitality industry in Mauritius, major Indian hotel chains are aggressively setting up hotels in the country.
The much-awaited talks between India and Mauritius over renegotiation of their tax treaty may begin soon, with India pushing for changes in the clause on the treatment of the capital gains tax.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
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.
Foreign direct investment in India dipped by 5.6 per cent year-on-year to $10.9 billion in October-December quarter of this fiscal due to global economic uncertainties, according to the government data. FDI inflows during October-December 2023-24 stood at $11.55 billion.
Marquez had only two training sessions with the team before naming a 26-member squad featuring new and returning players as India adapts to life after Sunil Chhetri's retirement.
India play out 1-1 draw with Vietnam in international football friendly
Soros, a Hungarian-American political activist, and his organisations like OSF have been accused by the ruling BJP of acting against India's interests. His utterances during the Adani-Hindenburg controversy also drew criticism from the party.
Company analysts and tax experts say neither the foreign direct investment nor the portfolio investment by large institutions will be affected.
Condolences have poured in from across the globe, including from the United States, Canada and Sri Lanka following the demise of former Prime Minister Manmohan Singh.
'The Pacific crossing was the longest and toughest leg.' 'Temperatures dropped near zero and they navigated through two cyclones.'
Head coach Manolo Marquez will seek his first win with Team India in an international friendly against Vietnam in Nahm Din, Vietnam on Saturday which was originally planned as a Tri-Nation tournament before Lebanon's withdrawal.
IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday.
With Mauritius slated to become a duty-free market within the next one year, the island-nation could be one of the most preferred business destinations for Indian entrepreneurs.
During his stay, the PM will hold wide-ranging talks on bilateral, regional and international issues with Mauritian Prime Minister Paul Raymond Berenger.
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.
India head coach Manolo Marquez expressed his disappointment and anger following the 0-0 draw against Bangladesh in the AFC Asian Cup qualifying round match, stating that his team has taken- two or three steps back, since his first match in charge last year.
Enforcement Directorate officials said on Friday they are probing a 'complex network' of agents and facilitators in India, Canada and the US who help Indians illegally enter the US via 'bogus' admissions in Canadian colleges.
President Pranab Mukherjee is deeply satisfied with his three-day visit to Mauritius, Saisuresh Sivaswamy reports.
Uttar Pradesh Chief Minister Yogi Adityanath slammed the opposition Samajwadi Party over the 2013 Kumbh Mela arrangements, accusing the then chief minister Akhilesh Yadav of appointing a "non-Sanatani " as the in-charge of the religious congregation in Prayagraj. Adityanath highlighted the presence of dignitaries, including the President, Prime Minister, and heads of state from 74 countries, at the recent Maha Kumbh, contrasting it with the "chaos, corruption, and pollution " of the 2013 event. He also criticized the opposition's criticisms of the Maha Kumbh arrangements, arguing that everyone found something in accordance with their nature and character. Adityanath refuted allegations of discrimination against any community at the Maha Kumbh, emphasizing the unity and inclusivity of the event.
The medals tally at the Paris 2024 Paralympics.
Here is the complete list of tariffs imposed by US President Donald Trump on Wednesday.
President Pranab Mukherjee on Monday left for Mauritius on a three-day visit during which he will be the chief guest at the national day celebrations of that country.
Mauritius President Rajkeswur Purryag is among the 15 persons and organisations selected for the Pravasi Bharatiya Samman awards for this year.
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
