Cyprus, once a high-income economy is today facing a severe economic crisis.
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.
Cyprus has said the Indian government has agreed to withdraw a notification that suspended tax benefits for investments from the island nation.
Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at $1,033.40 billion during the said period.
Cyprus, in accordance with the conditions set by the International Monetary Fund and European Union for a Euro 10-billion bailout package, had agreed to impose a tax on bank deposits in the country.
Security agencies searched over 100 hospitals and malls in the national capital after they received bomb threat emails on Tuesday. However, it turned out to be a hoax as nothing suspicious was found, officials said.
It was written in the email that the "building will explode as bomb is planted", a police officer said and added that the IP address and other details of the mail are being checked.
Network18 Group has $260,000 in island-nation.
The novel coronavirus outbreak has prompted India to withdraw from next month's shooting World Cup in Cyprus, the National Rifles Association of India (NRAI) revealed on Friday.
Indian men bounced back with a convincing 4-0 victory over Cyprus in the second round of the Chess Olympiad
The medals tally at the Paris 2024 Paralympics.
The local police, a bomb disposal squad, a bomb detection team arrived at the LSR College along with a dog squad and conducted searches but nothing suspicious was found, the official said.
The Last Chance Regatta is the final qualifying event in sailing for the Paris 2024 Olympics.
Cyprus and India also finalised an agreement on combating terrorism, illicit drug trafficking and organised crimes.
The medal tally at the 2024 Olympic Games in Paris.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
Sukanya Verma gives you some great options to choose from.
An article on 'State of the Economy' in the monthly Bulletin also said the improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots in the evolution of demand conditions. Consumer price inflation ticked up in June 2024 after three consecutive months of moderation as a broad flare-up in vegetable prices halted the overall disinflation that had been underway, it said.
Pakistan is allegedly working on an offensive chemical and biological warfare program with the help of its 'all-weather friend' China.
Cyprus-based GA European Investments' proposal to acquire 7.5 per cent stake in NDTV for Rs 116 crore
New Delhi Television Ltd on Tuesday said Cyprus-based GA European Investments has proposed to acquire 7.95 per cent stake in the company held by Shyam Cellular Infrastructure Projects Ltd.
Ultra-Orthodox Jewish men carry their belongings before boarding a ship in Haifa for US nationals and their immediate family members as they leave Israel headed for Cyprus.
In a bid to provide a competitive package for destinations to India, Cyprus Airways is looking at tie-ups with private Indian airlines like Jet and Sahara, for flights to Colombo.\n\n\n\n
The Supreme Court on Monday refused to stay the release of a Cyprus commercial ship, which had collided with an Indian naval ship near Mumbai port, causing extensive damage and a loss of Rs 1,058 crore.
Central probe agency likely to file third chargesheet in some weeks, may name Datacom, Loop Telecom.
Why are financial-technology (fintech) players moving back to India, or doing the reverse-flipping?
'We want to prove to the world that they will get the best code written from a small place like Wayanad.'
Another gold medal in Paris would further elevate Neeraj Chopra's status as the greatest ever athlete in the history of Indian sport.
Citing details of the contract from the American Federal Procurement Data System, the BBC report claimed that Pakistan signed two contracts with American companies named "Global Military" and "Northrop Grumman" for the sale of 155mm shells.
Seven aid workers who were working for the World Central Kitchen, a charity delivering food to besieged Palestinians, were killed in the Israeli airstrike in Gaza on Tuesday. The victims comprised three British nationals, an Australian, a Polish national, an American-Canadian dual citizen and a Palestinian.
The star ingredient of many a delicious preparation is, of course, cheese!
Foreign direct investment (FDI) equity inflows in India declined 24 per cent to $20.48 billion in April-September 2023, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at $26.91 billion during the first six months of the last fiscal. Inflows during January-March 2023 also contracted 40.55 per cent to $9.28 billion.
Talking about the expectations from India, Jaishankar said that there are lots of expectations as New Delhi is seen as the one that solves problems.
Tina Ambani, wife of Reliance ADA Group chairman Anil Ambani, on Tuesday appeared before the Enforcement Directorate (ED) in Mumbai for questioning and recording her statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. Anil Ambani had recorded his statement in the case on Monday under sections of the Foreign Exchange Management Act (FEMA) and he is expected to appear before the central agency again later this week for completion of the exercise.
The ECB said no action will be taken against England head coach Brendon McCullum, who was under scrutiny for his association with a betting company.
Parinaz Dhailwal shot 64 to lie in 44th spot, while Areeba Khan was further down in 58th, having shot a 59.
England head coach Brendon McCullum's appearance in online betting advertisements has landed him in a fix with ECB probing if it is in breach of the governing body's anti-corruption rules.
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