In the past two financial years, FDI from Singapore has surpassed that from Mauritius
PE, VC funds domiciled in the island nation on the radar
Mauritius has been doing its bit to showcase its compliance with international tax norms in the past year. It includes measures, such as stepping up scrutiny of offshore fund structures.
About 80 per cent of FPIs from Mauritius are already classified as Category-II by Sebi. The grey list tag dashes any hopes of these funds moving to Category-I.
Fund registrations from the country drop to 4.3%; US, Ireland & Luxembourg gain
Jugnauth is on a visit to India, which has come weeks after his victory in the recently concluded parliamentary elections
Rasra's sub divisional magistrate Vipin Kumar Jain said it has been established that Jugnauth's ancestors hailed from the area, but the exact village is yet to be pinpointed.
Mauritius funds may now look to shift their fund management activities to FATF member countries if Sebi does not relax its existing norms, said experts
Move is a relief for Indian offshore funds that have come under regulatory glare
India may not like to rule out the proposal completely, as it is wary of China offering a similar knowhow to Mauritius
foreign inflow from Mauritius in 2016 -17 stood at $15.72 bn whereas that of Singapore read $8.71 bn
After announcing last year that it was willing to revive talks on a trade pact with India, Prime Minister of Mauritius Pravind Kumar Jugnauth had expressed hope of its completion.In India on a bilateral visit, Jugnauth on Friday said the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) builds on the successful renegotiation of the double-taxation avoidance agreement (DTAA).After long drawn negotiations, the amendment to the 1983 Double Taxation Avoidance Convention (DTAC) was signed by India and Mauritius last May. With the changes, India can impose capital gains tax on investments routed through Mauritius.While the draft of the CECPA is expected to be ready by the mid part of the year, it may be completed by the year end, Dnyaneshwar Mulay, Secretary ( Consular, Passport, Visa and Overseas Indian Affairs departments) at External Affairs Ministry said.The gamut of India's relation with the island nation off the coast of Africa revolves around investment and ...
India in May reworked its tax agreement with Mauritius to introduce a levy to prevent investors using the island nation as a shelter to avoid taxes
Minister of Finance and Economic Development Pravind Jugnauth has said that Mauritius would revive talks with India on CECPA
With this move Centre hopes there is uniformity on capital gains tax with regard to investments
Analysts warn India is likely to expand its crackdown on tax treaties and make it harder for investors to shop around for new havens
Mauritius wanted extension of the benefits limitation clause in India's treaty with Singapore, which we were quite willing to extend, for our price