Posts Tagged: money finance

Pact rejig to stop Mauritius misuse

09 February 2012 - 5:30 am

India is likely to plug a loophole by which firms used the Mauritius route to buy and sell shares here without paying capital gains on tax.

Under the ongoing renegotiation of the Indo-Mauritius Direct Tax Avoidance Agreement, India is ready to give tax-free status, normally given to all Mauritius-registered firms, only to those companies who can show two things —they are genuine residents of the island nation and do not earn most of their revenues in India (shell firms registered in Mauritius).

Mauritius, however, has raised a number of procedural issues, which are yet to be sorted out. Tax authorities in India had hoped to finalise the deal by now but say more work was needed.

“We believe we can find a mutually satisfactory solution and a win-win package that would address concern about alleged misuse,” Mauritius Prime Minister Navinchandra Ramgoolam said here today at a meeting with the Indian business chambers.

“We also do not want to have roundtripping and money laundering,” he added.

Politically, it is important for the Congress-led government to go forward with the renegotiations to scotch the Opposition’s allegation that it is soft on black money. >> Read More

Lifestyle & Improvement

03 January 2011 - 23:41 pm

I had Just read these links ….If u have time…go through & Enjoy :

  • Ignite your passion in the new year (Gigaom)

  • Forget willpower! Reaching a goal means retraining your brain to form new habits (WSJ)

  • Why we make new year’s resolutions (Psych Central)

  • Time to abandon those resolutions (Guardian)

  • Successfully setting financial goals for 2011 (My Bank Tracker)

  • Four tips for greater stick-to-itiveness (Gigaom)

  • Become more Zen in 2011 (Zen Habits)

  • You can’t multitask, so stop trying (BusinessWeek)

  • Top 10 resolutions for the new year (Lifehack)

  • It’s only by understanding our weaknesses that we can learn to anticipate and avoid mistakes (RSA Journal)

  • How to hack your New Year’s resolutions (Peter Shallard)

  • How to write brief emails without being a jerk (Productive Flourishing)

  • Avoid succumbing to the computer hunch posture (Lifehacker)

  • The 10 commandments of wealth and happiness (Free Money Finance)

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Technically Yours,
Team ASR,
Baroda, India.