AGP Executive Report
Last update: 2 hours agoMauritius-India Tax Rules: Mauritius Minister for Financial Services Jyoti Jeetun says the Mauritius Cabinet has approved ratification of the India-Mauritius DTAA Protocol, introducing the principal purpose test (PPT) anti-abuse rule—meant to stop treaty shopping while reassuring “genuine investors” doing real business won’t be targeted. Investment Climate Watch: India is considering lifting the Cabinet Committee on Economic Affairs (CCEA) approval threshold for large FDI proposals to ₹15,000 crore from ₹5,000 crore, aiming to speed up approvals and ease the process as investment scales grow. Regulatory Personnel: India’s government has extended Enforcement Directorate (ED) Director Rahul Navin’s tenure by one year, keeping him in post until August 2027. Regional Connectivity: UPI is reported to have processed Rs 29.9 lakh crore in July and is now available in 11 countries, including Mauritius. Travel Disruption Update: Air India plans to restore many reduced international flights from September 1 as jet fuel costs moderate. Science & Heritage: New research on the dodo suggests it may have had stronger smell and touch sensitivity, and a more flexible daily activity pattern than previously believed.
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