Government of Mauritius

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Macro Economy & Fiscal Policy 15 Oct 2026, 11:34 AM IST

India, Mauritius amend tax treaty to curb abuse, add principal purpose test

India and Mauritius have amended their tax treaty to strengthen anti-abuse safeguards and make treaty relief contingent on the commercial substance of transactions. The revised framework introduces a principal purpose test, giving authorities wider scope to deny benefits where arrangements are designed mainly to secure tax advantages rather than genuine economic activity.

By RDU Global Wire6 min read

Macro Economy & Fiscal Policy15 Oct 2026, 09:52 AM IST

India-Mauritius Tax Pact Adds Principal Purpose Test to Curb Treaty Abuse

India and Mauritius have amended their tax treaty to introduce a Principal Purpose Test, a treaty-level safeguard designed to prevent misuse of tax benefits through artificial structures. The change strengthens anti-abuse enforcement while preserving grandfathering protection for investments made before April 1, 2017.

5 min readRead →

Macro Economy & Fiscal Policy15 Oct 2026, 01:38 AM IST

India-Mauritius Tax Pact Adds Principal Purpose Test to Curb Treaty Abuse

India and Mauritius have amended their tax treaty to introduce a Principal Purpose Test, a treaty-level safeguard designed to prevent abuse of tax benefits through structures lacking genuine commercial substance. The change preserves certainty for legacy investments, with investments made before April 1, 2017, remaining outside the test’s scope.

6 min readRead →

Markets, IPOs & Wealth15 Oct 2026, 09:51 PM IST

Steel Stocks Gain as Government Extends Minimum Import Price on 66 Products

Indian steel and metal stocks advanced in late trade after the government extended the minimum import price framework on 66 steel products, reinforcing expectations of tighter protection for domestic producers. Shares of Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel rose more than 1 percent from the previous close as investors priced in improved pricing power and a more supportive policy backdrop.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 08:08 PM IST

Proposed 0.4% UPI Merchant Fee Will Not Be Passed to Consumers, Government Sources Say

Government sources have clarified that the proposed 0.4% merchant fee on UPI transactions above Rs 2,000 will not be charged to consumers, easing concern over a possible cost increase in India’s most widely used digital payments system. The National Payments Corporation of India said only a small portion of UPI transactions may be affected, while the Indian Banks’ Association is expected to address market misunderstandings soon.

5 min readRead →

Frontier AI & Machine Learning15 Oct 2026, 07:27 PM IST

Citizen Lab Says Governments Are Weaponizing Online Ads to Deliver Zero-Click Spyware

Citizen Lab says it has found evidence that malicious online advertisements were used to compromise dozens of devices at Al Jazeera, underscoring how commercial ad infrastructure can be turned into a covert delivery system for spyware. The findings add fresh urgency to global concerns over zero-click exploits, which can infect devices without any user interaction and are increasingly associated with state-linked surveillance operations.

6 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 05:44 PM IST

GTRI Urges Government to Scrap Proposed UPI Charges, Warns of Damage to Small Businesses and Consumer Spending

The Global Trade Research Initiative has called on the government to withdraw proposed charges on Unified Payments Interface transactions scheduled for October 15, arguing that even modest fees could weaken India’s digital payments ecosystem. The think tank said keeping UPI free is essential to protect small merchants, sustain consumer spending, and preserve the broad adoption that has made the platform a cornerstone of everyday commerce.

5 min readRead →

Markets, IPOs & Wealth15 Oct 2026, 04:01 PM IST

Steel Stocks Rally After Government Extends Minimum Import Price on 66 Products

Indian steel and metal stocks advanced in afternoon trade after the government extended the minimum import price regime on 66 steel products, a move seen as supportive for domestic producers facing pressure from cheaper imports. Shares of Hindustan Zinc, Hindalco, Jindal Steel, JSW Steel and Tata Steel rose more than 1% from the previous close as investors priced in a firmer pricing environment for the sector.

5 min readRead →

National Governance & Policy15 Oct 2026, 04:01 PM IST

Government Urges Banks to Build Quantum-Ready Defences and AI Resilience Framework

India’s finance ministry has asked banks to prepare for a sector-wide transition to post-quantum security while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, forcing lenders to align on common industry standards rather than fragmented internal fixes.

4 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Government of Mauritius:

Mauritius(3)India(3)Government of India(3)New Delhi(2)