The Centre is in talks with Mauritius with regard to the long-pending revision of the bilateral tax treaty.
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 business.
It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions.
Signing of the pact will hopefully end stock market uncertainty that came with the mention of the M-name
Under the amended treaty with Mauritius, for two years beginning April 1, 2017, capital gains tax will be imposed at 50 per cent of the prevailing domestic rate.
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.
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.
In April last year, tax authorities had questioned Deepak Kochhar over a Rs 405-crore investment by Accion Diversified Strategies Fund through its Mauritius subsidiary, DH Renewables Holding
'So many things opened up for me after I did the show.'
Mauritius is biggest route for investment into India.
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.
Mauritius FDI source for India during Apr-Dec.
An India-built naval patrol vessel for Mauritius that will help in better policing its vast exclusive economic zone was commissioned today by Prime Minister Narendra Modi who said it will make the Indian Ocean "more safer and secure".
The larger amount of black money either goes into domestic real estate or bullion, or is round-tripped back into India anyway.
As someone with nostalgia for the good cheer and friendly feelings of Brazilian people, former Ambassador to Brazil B S Prakash can only hope that when they see on their TV screens their President being feted on Rajpath, they will sense India's goodwill for Brazil.
His son Karti was questioned by the agency in the same case on Thursday for about six hours.
Key sectors that received maximum FDI include services, computer software and hardware, telecommunications, trading, chemicals, and automobile.
The main sectors that receive the maximum foreign inflows include services, computer software and hardware, telecommunications, trading, construction, automobile, and power.
In a grand ceremony with overtones of a United States presidential inauguration, heads of state and government, India Inc honchos, opposition leaders, Bharatiya Janata Party members and showbiz stars rubbed shoulders as they watched President Ram Nath Kovind administer the oath of office to India's 58 new ministers.
Cyber crimes in 2016-2017: 1,372 cases. Cost: Rs 423 million.
A livid Mary Kom asked her vanquished opponent Nikhat Zareen to prove herself in the ring instead of making irritating comments.
Mary will be up against fellow Indian and Asian Championships bronze medallist Nikhat Zareen in a blockbuster semi-final as the duo confirmed two medals for India.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.
India told Mauritius that it will not take any decisions that will "adversely impact" bilateral relations while reassuring the country that amendments to the bilateral tax treaty would be made only after considering the legitimate interests of both sides.
The CBI and the ED said that new material has been recovered which needs to be collated.
Mauritius promises India full-cooperation on tax treaty issues.
The funds officially held by Indians with banks in Switzerland now accounts for only 0.07 per cent of the total funds kept by all foreign clients in the Swiss banking system.
I can't see what purpose can be served by an apology by a British government that cannot in any way be blamed for one sadistic man running amok 100 years ago, argues Sunanda K Datta-Ray.
The court extended the interim protection granted to Chidambaram and his son, Karti, till December 18.
They said Rajeev Shamsher Bahadur Saxena wanted in the Rs 3,600 crore AgustaWestland VVIP choppers money laundering case and lobbyist Deepak Talwar wanted by the Enforcement Directorate and the Central Bureau of Investigation in a case of misusing over Rs 90 crore taken through the foreign funding route, were brought in a special plane to Delhi around 1:30 am.
Afsar Dayatar/Rediff.com captures on video an unusual basketball camp held in Mumbai recently.
Rajiv Saxena, an accused in AgustaWestland chopper deal scam, was extradited from Dubai, UAE, to India .
The ED had filed the first chargesheet in the case against Chidambaram's son Karti; later, a supplementary chargesheet was also filed against him.
Summary of sports events and persons who made news on Wednesday
The people of Indian descent account for a vast majority (about 70 per cent) of Mauritius population.
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
The senior Congress leader's role has come under the scanner of investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore.
Tomy has now been shifted to INHS Kalyani, the naval hospital of Eastern Naval Command, for observation and medical assistance as required.
Foreign Direct Investment inflows from Mauritius have almost halved during April-January period of last fiscal to $4.11 billion on fears of impact of GAAR and possible re-negotiation of the tax avoidance treaty.
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