"OCI card facility to the people of Indian origin living in Mauritius will further strengthen ties between the two countries," the chief minister, who is on an official visit to Mauritius, said. OCI is a scheme that was introduced in response to demands for dual citizenship by the Indian diaspora.
Speaking at a funtion in Mauritius during visit, he mentioned the long ties with the island nation which started with the arrival of people in large numbers from UP in the early 19th century for working in sugarcane fields.
According to a BSE filing today, First Carlyle Ventures Mauritius sold 1.10 crore shares, representing 9.86 per cent of Cyient Ltd.
The chief minister, who flies to Port Louis from Mumbai tomorrow morning, will be on a three-day visit to Mauritius, during which he will participate in the Pravasi Bhartiya Diwas -- a mega event to woo investors -- Principal Secretary (information) Awanish Awasthi told PTI today.
The company is looking to increase its overseas order book to Rs 10,000 crore from the present Rs 700 crore in the next five years, Anoop Kumar Mittal, CMD, NBCC said.
Commerce and Industry Minister Nirmala Sitharaman also said the negotiations for a free trade agreement are a continuous process and it is difficult to set a timeline for their conclusion.
In a diplomatic blow to Britain, the General Assembly yesterday voted by 94 to 15 to ask the Hague-based court to examine the legal status of the Chagos Archipelago, which Mauritius maintains is part of its territory that has been unlawfully claimed by the UK since 1965.
Mauritius Prime Minister Pravind Kumar Jugnauth today said a comprehensive economic cooperation pact with India is being negotiated that will boost bilateral trade and cross-border investments.
The implementation of a tax treaty with Singapore and Mauritius could mean the end of p-notes as we know them,
NBCC has won Rs 250 crore order from the Mauritius government to build the new Supreme Court building. The company has been appointed as the project management consultant.
Mauritius saw Indian tourists' arrivals of 83,000 in 2016 which was 15 percent more than arrivals in previous year, Mauritius Tourism Promotion Authority (MTPA) India, Country Manager, Vivek Anand said here.
Out of the 3,000 participants attending WEF 2017, 21 percent will be made up of women, compared to the reported 9-15 percent figure seen during 2001 to 2005, and the 18 percent seen in 2016.
Facing crisis in the sugar sector, Mauritius today signed a pact with India -- the world's second biggest producer of the sweetener, to gain expertise and support for diversifying the sugar business, especially of cooperative mills in the island nation.
Govt unlikely to change GAAR‘s implementation date; amended CBDT rules have â€œgrandfatheredâ€ investments made before April 1, 2017 exempting these from the anti-avoidance rule
Fearing a rise in their business costs, some foreign portfolio investors have knocked on the doors of markets regulator Sebi and Finance Ministry for greater clarity on taxation rules for indirect transfer of securities, especially after revision to treaties with key jurisdictions like Mauritius, Cyprus and Singapore.
Tax treaties or the Double Taxation Avoidance Agreements (DTAA) signed with the three nations, mean that FPIs will be taxed for their capital gains. Luckily for foreign investors, some European nations continue to offer tax exemptions.
Third bilateral treaty change in 2016 after similar changes in double tax avoidance agreements (DTAA) with Mauritius and Cyprus; Swiss govt to share real time data
Mauritius accounted for 20.8 per cent of FDI in India followed by the US, the UK, Singapore and Japan up till March 2016, the Reserve Bank said while releasing the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies for 2015-16.
FDI inflows in January-September jumped 21 percent to USD 32.18 billion.
CBI has received partial responses to the Letters Rogatory it sent to six countries for establishing the money trail in the Rs 3767-crore AgustaWestland VVIP helicopter deal case.
The company's board at its meeting held on December 1, has approved the raising of funds upto Rs 175 crore by issuing equity shares on preferential basis to TA FII Investors, Mauritius at a price of Rs 570 per share.
The 5 billion Indian rupees (USD73.01 million) of bonds were issued by ECL, a unit of Indian financial firm Edelweiss, the exchange's Sunil Benimadhu told Reuters on Tuesday.
In May, India and Mauritius signed a protocol amending the India-Mauritius Tax Treaty to introduce in-principle taxation of capital gains in India in a phased manner.
Mauritius will waive 40 percent shooting tax for Indian film-makers for shooting on the island nation.