tax treaty

FPIs take out Rs 22,000 crore from equities in May amid poll jitters, Chinese mkt outperformance

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FPIs take out Rs 22,000 crore from equities in May amid poll jitters, Chinese mkt outperformance

Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India’s … Read more

UAE, Israel working on double tax treaty to encourage investment

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The United Arab Emirates and Israel have reached a preliminary agreement on avoiding double taxation, as part of moves to encourage investments between the two countries, the UAE finance ministry said on Thursday. Israel and the UAE signed a normalisation deal on Sept. 15, forging formal diplomatic ties. Israel ratified the deal in a cabinet … Read more