India's Stock Regulator Going Slow on Mauritius Investor Licenses, ET Says
Securities and Exchange Board of India, the country’s stock market regulator, is going slow on issuing licenses to foreign fund investment vehicles based out of Mauritius, the Economic Times Newspaper reported without saying where it got the information.
At present, a tax treaty allows investors from Mauritius to avoid tax on capital gains they make on investments in India.
To contact the reporter on this story: Unni Krishnan in New Delhi at firstname.lastname@example.org
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