Why text of amended tax treaty with Mauritius triggered stock sell-offs Subject: Economy Section: External Sector Context: The text of the amended tax treaty with Mauritius has raised concerns of greater scrutiny on investments, and led to a sell-off in stock markets by Foreign Portfolio Investors (FPIs) on Friday. More on news: India […]

    Amended DTAA between India and Mauritius Subject: Economy Section: Fiscal policy Purpose of Amendment: The amendment aims to plug treaty abuse for tax evasion or avoidance. Introduces the Principal Purpose Test (PPT) to ensure tax benefits are not obtained as the primary purpose of a transaction or arrangement. Key Amendments: Article 27B introduced, […]

    DGTR recommends anti-dumping duty on sodium cyanide imports Subject: Economy Section: External sector The Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duty on sodium cyanide (NaCN) imported from China, the European Union, Japan, and Korea. Reasons for Anti-Dumping Duty Recommendation: Industry Injury: The DGTR found that the domestic […]

    NIIF Invests $200 Million in iBUS Network and Infrastructure Pvt Ltd Subject: Economy Section: National Income The National Investment and Infrastructure Fund Ltd. (NIIF) has made a significant investment of $200 million in iBUS Network and Infrastructure Pvt Ltd. This investment aims to support the growth of India’s digital infrastructure, particularly in the […]