Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

The Centre has allocated Rs 928.46 crore to the Central Bureau of Investigation in the Union Budget 2024-25 announced by Finance Minister Nirmala Sitharaman on Thursday, a snip of over Rs 40.4......

India detects 2 more Omicron Covid cases; total tally reaches 4

India on Saturday reported two more cases of the Omicron variant of COVID with a 72-year-old NRI man from Gujarat and a 33-year-old man from Maharashtra found infected with the new strain after......

Modi bags deals worth Rs 90,550 crore on Day 1 of UK trip

India and the United Kingdom on Thursday announced deals worth 9 billion Pound (Rs 90,550 crore) as they signed a civilian nuclear pact and decided to collaborate in the field of defence and cyber......

Jet-setting Modi: 26 nations in 12 months

In 2015, Prime Minister Narendra Modi visited 26 countries. Here's a list of all the foreign visits taken up by the PM this year and their outcomes. Seychelles Modi's visit to Seychelles was part......

FPIs from Mauritius to face greater scrutiny after tax treaty revision

Foreign portfolio investors (FPIs) from Mauritius may face higher scrutiny after the amendment in the India-Mauritius tax treaty introduced a principle purpose test (PPT) to prevent treaty abuse by......

Budget sops may lure Mauritius funds to Gift City

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......

NRIs yet to fully warm up to GIFT City's higher FPI limits

The Securities and Exchange Board of India (Sebi) has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio......

Tax sops in Budget to make GIFT City a global financial hub

Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of......