The best way of judging currencies is by finding out how they are performing at the foreign exchange market.
Mauritius, country from where large amounts of investments are routed to India, figures among the nations that have substantially implemented tax standards. Among the countries that have committed themselves to the internationally agreed tax standards but have not yet implemented them are Singapore, Switzerland, Bahamas, Bermuda, British Virgin Islands, and Cayman islands.
Accusing the ruling Bharatiya Janata Party of having "reaped benefits" of communal polarisation in the Lok Sabha elections, the Congress on Wednesday said the government should now focus on good governance and deliver on promises.
Upaid claimed it had served requests for production of documents related to the 'now scuttled Maytas transfers on Satyam' on Friday, but now had to submit this motion to the court 'because Satyam had repeatedly resisted its efforts to depose Raju and Vadlamani in the case.' The current motion is in reply to a disparagement case that Satyam had filed against Upaid wherein the former had claimed that the payment services firm has been disparaging them in the public domain.
Britain has become the biggest foreign investor in India with an investment of 560 million, according to a report on investment flows by the Commonwealth Business Council (CBC).
The company will also make a $500 million (Rs 2,000 crore) investment through the acquired company in the next 2-3 years to build and acquire WiMax networks across 50 countries. Worldwide interoperability for microwave access or WiMax is a telecommunications technology that provides wireless data over long distances through various mediums. This is the third acquisition by the company as it had acquired US-based ethernet services provider Yipes Holdings for $300 million.
Most investments by Indian corporate houses in the overseas market is through countries that have either low tax rates or allow tax-free remittance of income. Much of the outward foreign direct investment (FDI) by India Inc done between April and December 2007 was directed to Singapore, the Netherlands and British Virgin Islands (BVI), according to the latest Reserve Bank of India data. RBI said the actual outward FDI in April-December 2007 grew 13 per cent at $10.11 billion.
The approval given to UBS earlier was kept on hold till it completed certain transactions. Now that the bank has completed them, it can start a branch, RBI deputy governor Leeladhar told reporters on the sidelines of a function organised by the Union Bank of India.
FIPB rejects proposals from firms that have not divulged details of beneficial ownership or source of funding
The Panama Paper leaks were originally revealed by the International Consortium of Investigative Journalists on April 4, 2016, following which, the government had set up the MAG to probe the matter.
It is strange that the wealthy evade taxes even though the marginal utility of the money saved amounts to little and tax rates in countries, including India, have dropped
It is one piece of document that you should have alongside your travel tickets.
Global investment is agnostic when it comes to nationalism, says Kanika Datta.
A leak of 11.5 million tax documents has revealed how the rich and powerful use tax havens to hide their wealth.
The government on Thursday cleared 24 foreign direct investment proposals worth Rs 190.93 crore, including the Rs 140 crore investment by Korean confectionary firm Lotte to acquire resident shares via a public issue.
Celestial Overseas Ventures, a British Virgin Island-based investor, plans to acquire five per cent stake in electronics major BPL Limited, thus taking up the foreign equity component in the Bangalore-based firm to 5.57 per cent.\n\n\n\n
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
Satisfied that the CBI was making all efforts to probe the mid-1980s contract to buy 31 Airbus-A320 planes for the Indian Airlines, the Delhi High Court on Monday disposed of a petition seeking investigation into the deal worth Rs 2,400 crore.
The government has approved New Delhi Television Ltds proposal to start a 24-hour news channel with foreign equity component of 16.47%.
The IRS uses a John Doe summons to obtain information about possible tax fraud by people whose identities are unknown.
As the debate on revealing names of those who had stashed money abroad was hotting up, a Parliamentary panel grilled finance ministry officials on why the confidentiality clause was put in tax treaties in the first place.
Also, on Wednesday Mahindra Satyam said its board has approved settlement of lawsuits brought by its former client Upaid Systems by paying $70 million.
When Bastian Obermayer and Frederik Obermaier shone a light on the Pandora's Box that became famous as the Panama Papers, even they didn't know how it would shake up the murky world of finance, indeed the world itself.
ForbesTraveler's definitve list finds the most interesting, accommodating and overall best hotels and resorts around the globe.
On July 1, 2021, Britain's Princess Diana would have turned 60 and two decades after her tragic death in a car accident near the end of summer 1997, she still holds an exalted place on the altar of the most admired people in the world, her status secure as a style icon -- as is her legacy of having forever changed the British monarchy.
They're single, wealthy and part of the most exclusive club on earth.
Two organisations tracking tax violations and money laundering worldwide identify totally different sets of countries for lack of financial transparency.
Medals tally of the 2018 Commonwealth Games in Gold Coast.
In an SEC filing dating back to 1997, he figures as "J Vallabh".
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
Akhtar will join his new team-mates on Monday, after the completion of Pakistan's NatWest Challenge series against England.
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