Equity inflows worth $3.7 billion came from the sunny Caribbean jurisdiction in 2019-20, a 267 per cent increase from the $1 billion registered in 2018-19 making it India's 10th largest source of FDI.
Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.
A summary of sports events and sports persons, who made news on Saturday
Singhvi said Fadnavis and senior BJP leader Nitin Gadkari should answer as to why Ssingh made these many calls to the Maharashtra BJP office and who was his boss.
A fresh political war of words erupted on Tuesday over the Rafale issue as the Bharatiya Janata Party accused the Congress leadership of corruption citing claims of a French media report on 'commissions' being paid during the United Progressive Alliance rule and said the Indian National Congress should be renamed 'I Need Commission' party.
Strict norms for arriving international passengers, especially from 'at-risk' countries, will come into effect from Tuesday midnight and authorities are stepping their vigil for effective surveillance amid mounting concerns over the emergence of the coronavirus variant Omicron.
The Vicky Donor actor walked the ramp for Delhi-based designer who showcased her debut collecton at the Lakme Fashion Week.
The closing of the transaction is subject to receipt of applicable regulatory approvals in China.
The amended India-Mauritius tax treaty has inserted a new clause allowing source-based taxation at 10 per cent on fees paid for technical and consultancy services.
The Padma Vibhushan for this year has been awarded to a total of seven prominent personalities, while 16 have been given the Padma Bhushan, 118 have been given the Padma Shri on the 71st Republic Day this year, they said.
India conceded a late goal to be held to a 1-1 draw by lower-ranked St Kitts and Nevis but it was enough for the home side to clinch the Tri-Nation football tournament in Mumbai on Thursday.
'The announcement has come too late. This should have been done years ago.'
Vedanta may become a majority stakeholder in Cairn India.
The overall FDI policy landscape is changing and can do so faster, says
The key sectors that received the maximum foreign investment during the nine months of the fiscal include services, computer software and hardware, telecommunications, chemicals, and the automobile industry.
"My consultations with President (Rajkeswur) Purryag have been frank and cordial. We reviewed the co-operation between our governments and discussed regional and global issues of common interest," President Pranab Mukherjee wrote in the visitors' Book after meeting the President of Mauritius.
South Africa will remain on the lowest 'level 1' of its five-level lockdown strategy to fight the COVID-19 pandemic despite the global panic around the detection of the Omicron variant in the country, President Cyril Ramaphosa has announced .
Choubey said till February 4 total 81 AEFIs, which is 0.096 per cent of the total beneficiaries who have been administered Covaxin, have been reported.
Key sectors that received maximum FDI include services, computer software and hardware, telecommunications, trading, chemicals, and automobile.
Afsar Dayatar/Rediff.com captures on video an unusual basketball camp held in Mumbai recently.
To avoid season pricing, keep a close eye on the calendar and begin planning travel at least 60 to 90 days in advance keeping tentative dates in mind.
FIPB rejects proposals from firms that have not divulged details of beneficial ownership or source of funding
Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.
While the UN report said that FDI inflows rose 6 per cent in 2018 to $ 42 billion, the government's own data for the entire FY19 period has shown that inbound equity investments declined for the first time in six years in FY19.
Even as Sebi probed, OFCD money moved across the globe, Aamby Valley (Mauritius) at centre of global transactions; All transactions legal, no Sebi bar on doing business: Sahara
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
The Board of Control for Cricket in India handed a three-month suspension to Uttar Pradesh left-hander Rinku Singh for playing in an unsanctioned T20 league in Abu Dhabi, which has now led to his withdrawal from the India 'A' team.
Shareholder advisory companies are raising eyebrows at the ICICI Bank board not being aware of Firstland's investment in NuPower
The Janata Dal-United president was, however, dismissive of any such suggestion and told reporters after the meeting that "too much was being read into" the meeting which, he insisted, was a usual interaction between the prime minister and a chief minister.
Saisuresh Sivaswamy, who is accompanying President Pranab Mukherjee on his trip to Mauritius, reports on the spectacular celebrations of the 45th anniversary of independence of the island nation
Check out India's schedule on Day 7 of the Commonwealth Games in Gold Coast, on Wednesday.
Similarly, FDI from Cyprus too increased by about three-times to $879 million in the last financial year from $296 million in 2018-19.
Wajitpura village in Bihar's Patna district is gearing up to welcome a special visitor. The mehman (guest) is the rashtrapati (president) of a country once known as mirich desh by residents of rural Bihar and Uttar Pradesh many decades ago.
Prime Minister Narendra Modi on Saturday returned home after wrapping up his two-day Sri Lanka visit, the first by an Indian premier in over 25 years.
Cases with the Omicron variant have already been detected in Karnataka and Gujarat.
Prime Minister Narendra Modi's ambitions abroad may run the risk of foundering on constraints at home.
The raids come as Rajasthan is witnessing an intense power tussle between chief minister Ashok Gehlot and his deputy Sachin Pilot.
The Central Bureau of Investigation on Friday told the Supreme Court that 15 accused, including Chidambaram, his son Karti and some companies have been chargesheeted in the case.
The Enforcement Directorate, on Friday, issued a show-cause notice to actor Shah Rukh Khan, his wife Gauri, actor-friend Juhi Chawla and others for alleged loss of Rs 73.6 crore foreign exchange in a FEMA case related to the Indian Premier League.
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