India-Mauritius Current Affairs - 2019

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Mauritius to provide India automatic exchange of tax information

In a step taken to address India’s concerns about Mauritius being used for money laundering activities, the island nation has decided to provide automatic exchange of tax related information with India. India and Mauritius have also agreed upon to have an innovative partnership to strengthen their bilateral ties. In this direction, the Prime Minister’s Office Read More…

Month:  Categories: Persons in News

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Singapore replaces Mauritius as the top source of FDI in India

As per the data of the Department of Industrial Policy and Promotion (DIPP), during the financial year 2013-14, India received $5.98 billion in FDI from Singapore, whereas it was $4.85 billion from Mauritius. With this, Singapore has replaced Mauritius as the top contributor to India’s FDI.  FDI inflow recorded in 2013-14 is the highest ever Read More…

Month:  Categories: Business, Economy & Banking

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“LOB” Clause agreed between India and Mauritius

Mauritius and India agreed on the principle of including a Limitation Of Benefit (LOB) or anti-treaty shopping law clause in the revised tax treaty to ring-fence its jurisdiction from any attempts of round-tripping and money laundering activities. The LOB clause limits treaty benefits to those who meet certain conditions including those related to business, residency and Read More…

Month:  Categories: Business, Economy & Banking

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