India approves pact to share tax information with Seychelles
Source: PIB, Government of India Signing and Ratification of agreement between India and Seychelles for the exchange of information with respect to taxes The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes. The agreement will stimulate the flow of exchange of information between India and Seychelles for tax purposes, which will help curb tax evasion and tax avoidance. The salient features of the agreement are as follows: i. It will enable the competent authorities of India and Seychelles to provide assistance through exchange of information that is foreseeably relevant to the administration and enforcement of ...
PM Modi's foreign trips bring in $19.78 billion FDI
The Dollar Business Bureau India received Foreign Direct Investment (FDI) of up to $19.78 billion from 12 countries visited by Prime Minister Narendra Modi during the financial year 2014-15. Modi visited Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore after he took charge in May last year. According to Commerce and Industry Minister Nirmala Sitharaman, overseas investment through FDI reached $30.93 billion, registering an increase by 27% during 2014-15. Of the total inflow, $19.78 billion came from countries visited by the Prime Minister. At the same time, $3.42 billion was invested by the Indian companies in these countries, the government data revealed. “The total outflow and inflow of foreign investment in general for 2014-15 fiscal ...
Seychelles, Indias vital partner in Indian Ocean: PM
The Dollar Business Bureau The Prime Minister of India, Narendra Modi on Wednesday, expressed hope that the Government of Seychelles will soon be a full partner in the maritime security cooperation between India, Maldives and Sri Lanka. Addressing media during his visit to Seychelles, Narendra Modi said, “Seychelles is my first destination in the Indian Ocean Region (IOR) and we regard the country as a vital partner in our Indian Ocean neighbourhood.” India’s relation with Seychelles is nurtured by a common purpose of ensuring a peace and prosperity in the IOR, said the PM, adding that ‘Our strong security partnership enabled us to advance maritime security in the region.’ Stating that India feels privileged to partner with Seychelles in ...
