Liechtenstein Financial News

Raisina Dialogue on Monday, marking India's premier conference on geopolitics and geo-economics. The Raisina Dialogue is organized by the Observer Research Foundation (ORF) in collaboration with the Ministry of External Affairs (MEA). According to the MEA, the conference will host representatives from around 125 countries, encompassing foreign ministers, former heads of state, military leaders, industry executives, technology innovators, academics, journalists, and experts in strategic affairs. Notably, foreign ministers from 20 nations are confirmed to attend. The Ukrainian foreign minister's visit coincides with intensified US efforts to broker a temporary ceasefire between Ukraine and Russia amidst ongoing hostilities. Here's all you need to know

Switzerland has said. The Swiss government has suspended the Most Favoured Nation (MFN) status, which could potentially impact Swiss investments in India and lead to higher taxes on Indian companies operating in the European nation.

Double Taxation Avoidance Agreement (DTAA) will not have any impact on the commitments signed in a trade agreement between India and the EFTA bloc, a top government official said on Monday. The Swiss government has suspended the most favoured nation (MFN), which could potentially impact Swiss investments in India and lead to higher taxes on Indian companies operating in the European nation. India and the four-nation European Free Trade Association (EFTA) signed the agreement in March. Its members are Iceland, Liechtenstein, Norway, and Switzerland.

Double Taxation Avoidance Agreement (DTAA). «My understanding is that with Switzerland, because of EFTA, the double taxation treaty that we have; it's going to be renegotiated. That is one aspect of it,» MEA spokesperson Randhir Jaiswal said. He was responding to a question on the issue at his weekly media briefing.

UN General Assembly draft resolution that was unanimously adopted to proclaim December 21 as World Meditation Day. India, including Liechtenstein, Sri Lanka, Nepal, Mexico and Andorra, was a member of the core group of countries that guided the unanimous adoption of the resolution titled 'World Meditation Day' in the 193-member UN General Assembly on Friday. «A day for comprehensive well-being and inner transformation! Glad that India along with other nations of the core group guided the unanimous adoption of the resolution on the declaration of December 21 as World Meditation Day @UN General Assembly today (Friday),» India's Permanent Representative to the UN Ambassador Parvathaneni Harish said in a post on X.

EFTA, an official statement said on Saturday. The agreement, officially dubbed as Trade and Economic Partnership Agreement (TEPA), was inked in March. The implementation date has not yet been finalised.

Voters in Liechtenstein have voted to withdraw state funding from the tiny country’s public radio broadcaster, a decision that leaves the station’s future in doubt

Meta 91 million euros ($102 million) for password-security breaches. The Data Protection Commission criticised Meta for failing to put in place appropriate security measures to protect users' password data and for taking too long to alert the regulator over the issue. An inquiry was launched in April 2019 after Meta Ireland informed the regulator that it had «inadvertently stored certain passwords of social media users» in a readable format on its internal system, the DPC said in a statement.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

The German government says it is cracking down on irregular migration and crime following recent extremist attacks, and plans to extend temporary border controls to all nine of its frontiers next week

Goyal Wednesday said the four-member European nation bloc European Free Trade Association (EFTA) is keen to invest in India and the domestic industry should take advantage of that opportunity. Goyal, who is visiting Switzerland on Sunday to take forward the EFTA commitments, said that this $100 billion commitment is for foreign direct investments and not portfolio investments. Iceland, Liechtenstein, Norway, and Switzerland comprise the EFTA. In March, India and EFTA signed a free trade agreement under which New Delhi received an investment commitment of $100 billion in 15 years from the grouping while allowing several products such as Swiss watches, chocolates and cut and polished diamonds at lower or zero duties.

₹8,200) It is important to know that the Schengen area covers 29 countries, including 25 European countries. The countries that are part of the Schengen area are Germany, France, Italy, Spain, Norway, Switzerland, Poland, Portugal, Romania, Luxembourg, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Greece, Latvia, Lithuania, Hungary, Malta, Netherlands, Austria, Slovenia, Slovakia, Finland, Sweden, Iceland, and Liechtenstein.

₹5,000 crore may be offered for developing the ecosystem for building inland vessels in the country to support movement of cargo on national waterways. Capital support may also be considered for producers of sea bound vessels at a later stage. At present 14 PLI schemes with an outlay of ₹ 1.97 trillion are under implementation for five years from FY22.

Romania and Bulgaria partially joined Europe’s Schengen ID-check-free travel zone, marking a new step in the two countries’ integration with the European Union

Western Europe has emerged as a leading region in global crypto adoption, attracting a substantial number of daily traders, ranging from 1.2 million to 1.5 million individuals.

Mint in the week gone by. The Securities and Exchange Board of India (Sebi) has flagged the possible risks for retail investors from the build-up of bubbles in the stock market. The retail inflation for February came in at 5.09%, largely unchanged from the previous month, while core inflation eased further.

Mint looks at the significance of free trade agreements for India going forward. Unlike a possible deal with the European Union (EU) or the US, India’s largest trading partners, the India-EFTA deal is unlikely to boost bilateral trade by much. In the January-December 2023 period, India’s exports to EFTA, which comprises Iceland, Norway, Liechtenstein and Switzerland, was just $1.87 billion.

On Sunday, India signed the India-EFTA Trade and Economic Partnership Agreement, our first trade deal with any Western nation or group. It was signed with the European Free Trade Association (EFTA), which comprises Iceland, Liechtenstein, Norway and Switzerland. It’s an innovative and well-balanced pact that covers two-way trade in goods and services as well as bilateral investments.

Microsoft software breached EU privacy rules and the bloc's executive also failed to implement adequate safeguards for personal data transferred to non-EU countries, the EU privacy watchdog said on Monday. The European Data Protection Supervisor (EDPS) ordered the Commission to take measures to comply with privacy rules and to halt data transfer to the U.S. company and subsidiaries located in third countries which do not have privacy deals with the EU, setting a deadline of Dec. 9 for both orders.

India will have the option of temporarily withdrawing customs duty concessions on EFTA country goods under the trade agreement between the two sides, if the four European nation bloc would not fulfil its USD 100 billion investment obligations. Though the investments have to flow in 15 years — USD 50 billion in the first 10 years (counted after implementation of the pact) and another USD 5 billion in next five years, the trade deal also provides for a three-year grace period to the EFTA bloc to meet the obligations, according to the documents accompanying the agreement. India and four-nation European Free Trade Association (EFTA) bloc signed Trade and Economic Partnership Agreement (TEPA) on March 10 under which New Delhi received a foreign direct investment commitment of USD 100 billion in 15 years from the member countries of the grouping. The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland.