Page 2 - Mauritius

Mauritius exits FATF grey list, Pakistan remains on the list

Mauritius was put on the list by FATF in February 2020, and that had a significant impact on its credibility as a prudent and compliant jurisdiction

Mauritius closer to exiting grey list as FATF sees progress on action plan

Inter-governmental body has now authorised its delegates to visit the island nation for an on-site inspection of the progress made

Mauritius, Cayman Islands funds under watch for ownership info gaps

There are concerns that a number of such funds could have a high non-resident Indian (NRI) holding and be used by Indian promoters for round-tripping and manipulating share prices

In the eye of the storm: Adani stocks crash on rumours of FPI freeze

Shares recoup some losses after company, NSDL, FPIs deny report

Four foreign funds in limelight for skewed investment in Adani group firms

Elara India Opportunities Fund, Albula Investment, APMS Investment and Cresta Fund have invest­ment in a number of domestic­ally listed firms besides the Adani group firms

US pips Mauritius as 2nd largest source of FDI in India in 2020-21: DPIIT

Total FDI, including equity, re-invested earnings and capital, rose 10 per cent

Mauritius rejigs special purpose fund regime to gain 'financial' edge

Will enable global investors to set up tax-exempt entities

Finance Bill amendment eases Mauritius funds' path for India shift

Experts reckon up to 10 per cent of such funds could shift to the IFSC

Mauritius to receive consignment of Indian-made coronavirus vaccine Covaxin

Mauritius will receive a consignment of Covaxin, India's indigenously developed COVID-19 vaccine, on Friday, announced the High Commission of India in Port Louis on Thursday.Taking to Twitter, the High Commission said that India stands strong with Mauritius in the tough times, describing it as 'a time-tested and enduring partnership'."Mauritius arms itself with COVAXIN, India's indigenously developed vaccine, in its fight against COVID19. India stands strong with Mauritius in these tough times. Consignment to arrive tomorrow. A time-tested and enduring partnership," tweeted India in Mauritius.The Indian High Commission in Mauritius also said that Covaxin is effective against the UK variant and other heterologous strains."Developed & manufactured by @BharatBiotech, COVAXIN has demonstrated 81% interim efficacy in preventing COVID19. COVAXIN is effective against UK variant strain & other heterologous strains. EUA received in 8 countries till date, 20 more to follow," it said

FATF commends Mauritius for progress on action plan despite pandemic

This has raised hopes that the country will be able to come out of the grey list some time this year

Exim Bank extends $100 mn loan to Mauritius on behalf of India

The loan is for for defense-related procurements

'Feels like homecoming': Jaishankar to Indian diaspora in Mauritius

On Wednesday, Jaishankar visited the Ganga Talao, considered to be the most sacred Hindu place in Mauritius, and offered prayers at the temple

"Feels like homecoming": Jaishankar to Indian diaspora in Mauritius

External Affairs Minister S Jaishankar on Tuesday addressed the Indian diaspora in Mauritius, terming the community a shining example of India's values such as peace, pluralism, shared progress and universal brotherhood. Jaishankar, who arrived here in India's strategically key maritime neighbour in the Indian Ocean region on Sunday night from the Maldives on the last leg of his two-nation tour, met the members of the Indian community during an event and thanked them for keeping the faith and fervour alive in Mauritius. In a tweet, he said: Feels like homecoming. Thank the vibrant Indian community for keeping our faith & fervour alive in Mauritius. A shining example of all that India stands for peace, pluralism, shared progress & universal brotherhood - values more relevant than ever today. "I hail from the South. I am an MP from a Western state. I was born, educated and worked in the North. I represented all of India before the world," he wrote. "India is one. Never run down

India offers $100 mn LoC to Mauritius to help procurement of defence assets

Mauritius is one of India's key maritime neighbours in the Indian Ocean Region and occupies a special place in the Prime Minister's vision of 'SAGAR'

Mauritius seeks India's help for early exit from FATF grey list

Mauritius on Monday sought India's support in facilitating an early exit from the FATF grey list to restore its international reputation

India, Mauritius ink landmark economic cooperation agreement

India on Monday signed a landmark Comprehensive Economic Cooperation and Partnership Agreement (CECPA) with Mauritius

Jaishankar calls on Mauritius ex-PM; briefs him on progress in ties

External Affairs Minister S Jaishankar on Monday called on former prime minister of Mauritius Sir Anerood Jugnauth

India offers $100 mn credit line to Mauritius to procure defence assets

The two countries a signed also Comprehensive Economic Cooperation Partnership Agreement

L&T Construction secures contract for Mauritius Metro corridor

The transportation infrastructure business of L&T Construction has secured an order in the range of Rs 1,000-2,500 crore to extend the mainline corridor of the Mauritius Metro by 3.4 km from Metro Express Limited (MEL), Mauritius.

India grants UAE investment licence with easier norms on compliance

Category-I licence implies lower compliance burden and investment restrictions, simplified KYC norms and documentation requirements