AGP Executive Report
Last update: 3 hours agoMauritius–India Tax Rules: Mauritius says the India–Mauritius DTAA Protocol ratified on July 17 introduces the principal purpose test (PPT) to curb treaty shopping, and Minister Jyoti Jeetun insists it should not worry genuine investors doing real business on the island. Regulatory Leadership: India extended Enforcement Directorate (ED) Director Rahul Navin’s tenure by one year to August 13, 2027, keeping focus on international taxation and money-laundering coordination. FDI Push: India is considering lifting the Cabinet approval threshold for large FDI from Rs 5,000 crore to Rs 15,000 crore to speed up inflows and ease doing business. Payments for Trade: UPI processed Rs 29.9 lakh crore in July 2026 and is now live in Mauritius and other countries, supporting cross-border consumer payments. Trade & Exports: India’s new free trade agreements are being pitched as a boost for agriculture, agro-processing, textiles, engineering and chemicals—explicitly including Mauritius in the wider FTA network. Industry Finance: Mauritius-linked investors feature in India’s LEAP India IPO anchor book, while India also holds talks with foreign portfolio investors on tax and trading-cost relief.
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