Mauritius Financial News

09.07 / 18:53

UPS Target DPIIT identifies 106 firms across sectors from 30 countries under strategic investment targets

PTI. "An outreach was conducted through the ministry and meetings and video conferences are being set up with the leadership of these companies," the news agency quoted an official as saying, who added there is also a plan to engage with people of Indian origin (PIO) under the initiative.

06.07 / 18:35

end End of tax benefits worries French FPIs

NEW DELHI : A meeting between Indian and French tax authorities on the sidelines of a recent G20 summit has set off alarm bells among foreign portfolio investors (FPIs) based in France, three people with direct knowledge of the matter said. The meeting, around potential tweaks to the double taxation avoidance agreement (DTAA) between India and France, has led to apprehension among foreign funds that India may soon renegotiate the treaty to eliminate the capital gains tax exemption. Currently, France and the Netherlands are the only major jurisdictions benefiting from a tax treaty with India that grants exemption from capital gains tax on share sales.

05.07 / 16:51

UPS Software FDI inflows from traditional sources see a decline in FY23

₹48,895 crore, down from ₹69,945 crore registered in the previous fiscal. FDI from the US stood at ₹48,666 crore, down from ₹78,527 crore in FY22. FDI from the Netherlands declined to ₹ 19,855 crore from ₹34,442 croreand inflows from Caymen Islands declined to ₹6,069 crore from ₹28,383 crore.

05.07 / 05:03

Are free trade agreements benefiting India?

Free trade agreements (FTA) have been among the popular trade tools for many countries, with over 350 agreements currently in existence globally.

02.07 / 05:07

COST Citi Platform Pool NIFTY A $7.5 billion derivative trade shifts to India as SGX feud ends

SGX Nifty, the Singapore Exchange Ltd.-traded futures on India’s key equity NSE Nifty 50 Index, will be known as GIFT Nifty from July 3, and all outstanding orders will be transferred to the GIFT City, the new financial hub in the western Indian state of Gujarat. The switch from SGX to the NSE International Exchange at GIFT or Gujarat International Finance Tech-City also highlights partial success of the Prime Minister Narendra Modi-led administration’s attempts to attract India-centric trading that had moved to global financial centers such as Dubai, Mauritius and Singapore to its shores.

20.06 / 04:09

Law regulation Bitcoin Regulation policies Australia's crypto laws risk being outpaced by emerging markets: Think tank

The Australian government needs to quicken its pace in developing crypto regulation or risk falling behind developing markets, according to the chair of a new crypto think tank.

28.04 / 20:09

CBDC Adoption Central Bank Mauritius planning to launch pilot project for retail digital rupee late this year

Mauritius plans to launch the pilot phase of a digital rupee in November, Bank of Mauritius Governor Harvesh Kumar Seegolam announced. Many of the parameters of the prospective central bank digital currency (CBDC) are already in place.

03.06 / 15:17

Blockchain Digital Cryptocurrency ecosystem reconceptualizes how money is being transferred, spent, invested

Despite Bitcoin's (BTC) ups and downs, the asset has continued to outperform all other assets. Money aside, cryptocurrency's underlying technology, the blockchain, has also proven to transform the world of tomorrow with new ways to guarantee asset authenticity, exchange funds and encourage financial inclusion. Unfortunately, looking at the individual parts, including the technology, exchanges and NFTs, few see the total value of the ecosystem.

28.04 / 00:11

Blockchain Adoption regulation Central Bank wholesale The Philippines will launch pilot wholesale central bank digital currency project

The project will be led by an intersectoral domestic team, Diokno said, as well as “external advisers from international standard-setting bodies and multilateral institutions to build on training and knowledge sharing on CBDC development and implementation all over the world.” Diokno called the project “critical in constructing the BSP’s medium- to long-term roadmap for more advanced wholesale CBDC projects that will further strengthen the Philippine payment system.”

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