a lot of money is coming into India through this route in both stock market and in real estate.
what is it"s nitty-gritty ?
2007-03-12 06:19:50 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
i think it is a legal way to convert your black money into white money.
its a deal for rich people, rich countries to exploit Indian market by kicking prices to sky, get there money multiplied manyfolds and run away.
have you heard of Yen carry trade ?
2007-03-15 03:43:33 · answer #1 · answered by rockstar_superstar 3 · 0⤊ 0⤋
mauritius treaty is a pact tat gov of india has signd wid mauritius gov in order to avoid double taxation... since tax policy in tat county is liberal..say for eg--- M.gov dont charge capital gains tax; so FII's route their monies thru tat county bcoz money coming frm tat county cannot b charged to capital gains tax in india either due to the pact(treaty). Now, silly things make a big difference to the FII earnings n thus making a big hole in indian govts pocket since the transactions run in millions n crores.
2007-03-15 05:08:45 · answer #2 · answered by Dev-nomics 1 · 0⤊ 0⤋
http://www.mauritiustimes.com/150906atul.htm
The best answer that I have found recently...
2007-03-12 13:28:42 · answer #3 · answered by Shane G 2 · 0⤊ 0⤋