New Delhi: Mauritius has emerged as favourite destination for overseas investment by Indian corporates, replacing Singapore, accounting for $2.27 billion outward FDI during April-February, 2012. The island nation is also the major source of FDI inflows into India, accounting for about 40 per cent of total flows. During 2008-09 and 2009-10, Singapore attracted the highest FDI from India, but in the following two years Mauritius become the top destination for...
02:49 AM, Mar 06, 2012
New Delhi: There has been no headway in the Indo-Mauritius talks on the double taxation avoidance agreement (DTAA) as of yet. Government sources indicate that Mauritius is unwilling to allow taxation of capital gains as it feels the move will impact the country's economy. India was keen that investment from Mauritius be subject to capital gains tax because there was a lot of round-tripping. Companies were setting up subsidiaries in...
12:18 AM, Feb 09, 2012
New Delhi: Amidst concerns over Mauritius being used as a major route for avoidance of taxes on investments by Indian companies, Prime Minister Manmohan Singh and his counterpart Navinchandra Ramgoolam on Tuesday agreed on early conclusion of an agreement aimed at tackling this menace. The two leaders reviewed the status of negotiations on the revised Double Taxation Avoidance Agreement (DTAA) during their talks here and directed officials to fast-forward talks...
11:10 PM, Feb 07, 2012
New Delhi: A team of CBI officers would be leaving for Mauritius next week to track the trail of money invested in various telecom companies involved in the 2G spectrum allocation scam, CBI told the Supreme Court on Friday. Senior advocate KK Venugopal appearing for the investigating agency said the team would be leaving on May 16 and will file its report before the court on the investigation done by...
04:58 PM, May 13, 2011
New Delhi: There could be a possible link between the promoters of Lilavati hospital and telecom companies named in 2G spectrum scam. Four trustees of Lilavati Hospital - Prabodh, Rashmi, Chetan and Bhavin Mehta have shell companies registered in Mauritius. The address of these companies are the same as that of the 2G scam companies. Last month, CNN-IBN exposed how Mehtas were involved in hawala transactions and black money accounts...
07:54 PM, Mar 31, 2011
Stay in a five-star hotel for six night and seven days for Rs 55,000 only. ...
01:13 PM, May 26, 2009
On Saturday, IPL terminated Sony as the official broadcaster. ...
12:20 PM, Mar 17, 2009
Kareena and beau Saif are in Mauritius for a photoshoot. ...
02:44 AM, Feb 28, 2009
There is no news on Chaitlall Gunness, the CEO of a Mauritian state bank. ...
06:17 PM, Nov 27, 2008
Local media reported the accident was caused by a bird that hit the plane. ...
04:10 PM, Jul 25, 2008
Prime Minister calls upon the Biharis settled in Mauritius to make a Mauritius out of Bihar ...
08:16 PM, Jan 07, 2007
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