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ED probes shell companies linked to Nirav, Choksi
Thu, Feb 22, 2018
The Enforcement Directorate (ED) is probing 120 shell companies allegedly linked to Nirav Modi and Mehul Choksi even as Income Tax officials claimed to have found two companies linked to Nirav that received Rs 555 crore from foreign companies between 2013 and 2014.
Mauritius largest source of FDI in India, says RBI
Fri, Jan 19, 2018
Singapore and Japan were the next two sources of foreign direct investment (FDI), said the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI.
Qatar Diplomatic Crisis: Will it affect India's energy needs?
Wed, Jun 07, 2017
About nine countries from Middle East have severed their ties with Qatar for its alleged support to terrorism and following the diplomatic crisis in the country which is the world's largest Liquefied Natural Gas (LNG) exporter, it is going to hurt its business ties with the rest of world including India.
India extends $500-million credit line to Mauritius
Sat, May 27, 2017
The Indian government has signed four agreements with Mauritius whereby it signed line of credit agreement of $500 million which included maritime security, setting up civil services college in Mauritius, among others.
India notifies amended tax treaty with Singapore; to impose capital gains tax at source of investments from April 1
Thu, Mar 23, 2017
The Finance Ministry on Thursday has notified the amended India-Singapore tax treaty under which capital gains tax will be levied at source of investments with effect from April 1.
Amazon plans to open first physical food-only outlets in India; to sell local products on offline & online platforms
Thu, Feb 16, 2017
Amazon is planning to open first physical food-only oultets in India to sell locally produced food items on offline as well as online platforms.
Tax treaties India signed in 2016 to curb black money
Sat, Dec 31, 2016
In order to curb black money being routed by companies through their investments, the Government of India amended its tax treaties with several countries in 2016.
India-Singapore Tax Treaty: 'Reasonable burial' to black money route, says FM Arun Jaitley
Sat, Dec 31, 2016
India will start imposing capital gains tax on investments coming from Singapore from April and fully withdraw exemptions in two years as the two countries agreed to amend a decade-old treaty after New Delhi rolled back similar concessions to Mauritius and Cyprus earlier this year.
Govt expects high FDI inflow momentum to continue in 2017
Fri, Dec 16, 2016
Pinning hopes on a slew of foreign direct investment (FDI) reforms unveiled by the government in 2016, the government expects that the momentum of high FDI inflows will continue in the new year. FDI inflows in January-September jumped 21% to $32.18 billion.
CBDT notifies protocol for amendment of trade between India, Mauritius
Mon, Aug 29, 2016
The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius was signed by both countries on May 10, 2016.
Cabinet approves signing of Double Taxation agreement with Cyprus
Wed, Aug 24, 2016
India, today took another major step in the fight against tax evasion, "round tripping" and "base erosion/profit shifting".
Export of defence equipment nearly Rs 3,000 crore over last 3 years
Fri, Jul 22, 2016
In the current year 2016-17 the highest exports of defence equipment is to Sri Lanka, closely followed by Mauritius.
Maidens’ voyage aboard the Mhadei make it home
Fri, Jul 15, 2016
India’s first all-women crew ocean voyage with six women officers from the Navy returned to Goa on Thursday after a successful voyage to Mauritius.
What does India's DTAA treaty with Cyprus mean
Fri, Jul 01, 2016
Negotiations between India and Cyprus on Double Taxation Avoidance Agreement (DTAA) saw its closure on Wednesday, which if approved by the cabinet, will bring tax benefits on capital gains from Foreign Direct Investments (FDIs).
5 key things to know about India-Cyprus double-taxation treaty
Fri, Jul 01, 2016
The treaty will all allow Indian authorities to tax capital gains on investments routed through Cyprus.
Indian Navy’s first all-women crew sails into Port Louis, Mauritius
Tue, Jun 14, 2016
Indian Naval Sailing Vessel Mhadei (INSV Mhadei) sailed into Port Louis, Mauritius on Tuesday afternoon with the first all-women crew. Mhadei had set sail from Goa for its voyage on 24 May 16 and reached two days later than expected.
Goa-Mauritius journey aboard the Mhadei; 5 pics of Indian Navy all-women crew
Tue, Jun 14, 2016
Indian Navy’s sail Boat INSV Mhadei set sail from Goa on May 24 and reached Port Louis, Mauritius on Tuesday afternoon. The all-women crew braved the journey as they gear up for their voyage which will circumnavigate the globe in 2017.
Tax treaty with Singapore is being amended, says Arun Jaitley
Mon, May 16, 2016
Jaitley said, "The negotiation for revising tax treaty with Singapore is going on. I cannot give a time frame for when it will be completed."