Mauritius

Jugnauth thanks PM Modi after UK announces to hand over Chagos Islands

Mauritius Prime Minister Pravind Kumar Jugnauth on Friday thanked his Indian counterpart Narendra Modi for completing our decolonisation a day after the UK government announced to hand over sovereignty of the remote Chagos Islands in the Indian Ocean to the country. Jugnauth took to X to thank Modi as he wrote, Mauritius thanks the African Union @AfricanUnion, the Government of India @narendramodi and all friendly countries which have supported us in our fight for completing our decolonisation. The UK on Thursday announced a historic agreement that will see Britain hand over sovereignty of the remote Chagos Islands in the Indian Ocean to Mauritius while it retains the joint UK-US military base on Diego Garcia. The British Indian Ocean Territory (BIOT) status of the disputed archipelago, made up of around 60 islands, has been in contention for many years and negotiations over its future began under the previous Conservative Party government in 2022. British Prime Minister Keir Starm

Hindenburg research: Sebi has lot to explain, says Cong over Mauritius FPIs

The Congress on Sunday said the SEBI investigation into "the Adani Group's brazen attempt" to bypass regulations is still languishing and the capital markets regulator has a lot to explain. Congress general secretary in-charge communications Jairam Ramesh's remarks attacking SEBI came after a media report which claimed that two Mauritius-based foreign portfolio investors (FPIs), who were mentioned in the January 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms. "Two Mauritius-based foreign portfolio investors (FPIs), a part of the revelations in the still-unfolding Modani mega scam, have now petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms before the upcoming September 9th deadline," Ramesh said. Both the FPIs are alleged to be violating rules that require investors t

Fund at heart of Hindenburg charges not domiciled in Mauritius, says FSC

Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation, and that it does not permit the creation of shell companies. In a statement, FSC said it has taken cognizance of the contents of the report published by Hindenburg Research on August 10, 2024, wherein mention has been made of 'Mauritius-based shell entities' and Mauritius as a 'tax haven'. "The report of Hindenburg has further cited 'IPE Plus Fund' is a small offshore Mauritius Fund and 'IPE Plus Fund 1, a fund registered in Mauritius'. We wish to clarify that IPE Plus Fund and IPE Plus Fund 1 are not licensees of the FSC and are not domiciled in Mauritius," it said. Hindenburg on Saturday alleged that Sebi chairperson Madhabi Puri Buch and her husband opened an account in 2015 with a wealth management firm in Singapore to invest an undisclosed sum of money in a ...

Eliminate conflicts of interest in Sebi's probe of Adani Group: Congress

In the wake of the US short-seller Hindenburg Research levelling allegations against Sebi chairperson Madhabi Buch, the Congress on Saturday demanded the Centre act immediately to eliminate all conflicts of interest in the regulator's investigation of the Adani Group. The opposition party also said the "seeming complicity of the highest officials of the land" can only be resolved by setting up a Joint Parliamentary Committee to investigate the full scope of the "scam". The Hindenburg Research on Saturday launched a fresh broadside against market regulator Sebi chairperson Madhabi Buch, alleging she and her husband had stakes in obscure offshore funds used in the Adani money siphoning scandal. In a blogpost, Hindenburg said 18 months since its damning report on Adani, "SEBI has shown a surprising lack of interest in Adani's alleged undisclosed web of Mauritius and offshore shell entities." No immediate comments were available from Securities and Exchange Board of India, whose X acco

Budget 2024: India to enable VCC structures like Singapore, Mauritius

Industry officials believe that the adoption of the VCC framework has helped Singapore become the hub for international fund management, and a similar move for India will be beneficial

Jaishankar inaugurates first overseas Jan Aushadi Kendra in Mauritius

External Affairs Minister S Jaishankar has inaugurated India's first overseas Jan Aushadi Kendra in Mauritius, testifying the "close" bilateral cooperation, especially in the key health sector. Jaishankar was in Mauritius on a two-day visit from June 16 to 17, one of the first countries he visited in his current term as External Affairs Minister. On Wednesday, he jointly inaugurated India's first overseas Jan Aushadi Kendra with Mauritian Prime Pravind Kumar Jugnauth, "testifying to the close cooperation between our countries, especially in the important sector of health," the Ministry of External Affairs said in a statement. Jan Aushadhi Kendras have been set up to make affordable generic medicines available to all. "Delighted to inaugurate along with Prime Minister @KumarJugnauth the first overseas Jan Aushadi Kendra in Mauritius. This Aushadi Kendra is the delivery of the promise made by PM @narendramodi," Jaishankar said in a post on X. "The India-Mauritius health partnership

Jaishankar arrives in Mauritius on 2 day visit, set to meet top leadership

External Affairs Minister S Jaishankar on Tuesday arrived here for a two-day visit for productive engagements with the leadership of Mauritius to take forward the special bilateral ties. The visit to the Indian Ocean island nation marks one of the first bilateral engagements undertaken by Jaishankar following his re-appointment in the third term of Prime Minister Narendra Modi-led government. The visit underscores the importance of the India-Mauritius relationship and is a reflection of India's Neighbourhood First Policy', Vision SAGAR, and commitment to the Global South. He was received at the airport by Maneesh Gobin, Mauritius' Minister of Foreign Affairs, Regional Integration and International Trade. Namaste Mauritius! Thank Foreign Minister @ManeeshGobin for the warm welcome, Jaishankar posted on X along with the photographs. Look forward to productive engagements to take forward this special relationship, he added. Gobin reciprocated his post and said Jaishankar's visit ...

Ireland pips Mauritius to 4th spot on preferred FPI destinations list

Ireland takes the fourth spot with over Rs 4.41 trillion assets under custody

Mauritius seeks 2% climate levy on co profits as pristine beaches wash out

The nation of 1.26 million people is experiencing more climate change-related events and needs to mobilize 300 billion rupees to meet adaptation and mitigation goals

Govt allows export of 14,000 tn of non-basmati white rice to Mauritius

The government on Monday permitted exports of 14,000 tonnes of non-basmati white rice to Mauritius. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) said in a notification. Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request. "Export of 14,000 MT of non-basmati white rice to Mauritius has been permitted through NCEL," it said. Earlier, India has allowed exports of the commodity to African nations including Tanzania, Djibouti and Guinea-Bissau. Besides, export of non-basmati white rice was permitted to countries like Nepal, Cameroon, Cote D' Ivore, Guinea, Malaysia, Philippines, and Seychelles. NCEL is a multi-state cooperative society. It is jointly promoted by some of the leading cooperative societies in the country,

For summer holiday, discover 8 countries with visa-on-arrival for Indians

For their summer holidays, Indians can travel to 43 countries that provide visa-on-arrival

Mauritius is ensuring transparency, there are no shell companies: Minister

Mauritius is ensuring transparency in the financial services sector and there are no shell companies there, Mauritian minister Soomilduth Bholah has said as he pitched the island nation as the platform for Indian companies to tap the African market. In an exclusive interview to PTI in the national capital, Bholah said that Mauritius is looking for investments from India, which he described as an economic powerhouse. Mauritius always promotes good governance and focused on transparency. The country would love to learn from India in each and every sector, the Mauritius Financial Services and Good Governance Minister said. The island nation, which has a long standing strong bilateral ties with India, is mainly looking for collaborative opportunities in the fintech space. "It is a pleasure to be in India. I would say that while India is important for Mauritius, Mauritius is also important for India, especially in the financial services sector," he said. In response to a query on ...

Prez Murmu attends National Day Celebrations of Mauritius as chief guest

President Droupadi Murmu participated in the 56th National Day Celebrations of Mauritius as the Chief Guest on Tuesday, underscoring the longstanding and enduring ties between the two countries. President Murmu is on a three-day state visit to Mauritius. The presence of Murmu at the 56th anniversary of the Independence and 32nd anniversary of the Republic of Mauritius marks a momentous occasion for the India-Mauritius special partnership, the Ministry of External Affairs said. "A momentous occasion for the India-Mauritius special partnership! President Droupadi Murmu @rashtrapatibhvn participated as the Chief Guest in the celebrations of the 56th anniversary of the Independence and 32nd anniversary of the Republic of Mauritius at Champ de Mars," the Ministry of External Affairs posted on X along with some pictures from the event. Mauritius Day commemorates the East African country's independence from Britain in 1968 and its transition to a republic in 1992. The day was celebrated

Prez Murmu conferred with Doctor of Civil Law by University of Mauritius

President Droupadi Murmu was on Tuesday conferred with the honorary degree of Doctor of Civil Law by the University of Mauritius, demonstrating the depth of bilateral ties. Murmu, 65, is here on a three-day state visit during which she will be the chief guest at the country's National Day celebrations on Tuesday. "A special honour emblematic of the depth of India-Mauritius relations! President Droupadi Murmu @rashtrapatibhvn conferred with the Honorary Degree of Doctor of Civil Law by @UniOfMauritius," the Ministry of External Affairs posted on X. In her address, President Murmu exhorted Mauritian youth to stay connected with India to nourish their proud past and invest in their bright future, it said. She conveyed best wishes from the people of India on Mauritius' National Day. "I feel especially honoured to receive the honorary degree of Doctor of Civil Law from this prestigious university today. I hope that it will inspire all young people, particularly young women to discover

Prez Murmu gifts RuPay to Mauritian counterpart; bilateral ties discussed

President Droupadi Murmu arrived in Mauritius on Monday on a three-day state visit during which she would be the chief guest at the country's National Day celebrations on Tuesday. President Murmu was received by Mauritian Prime Minister Pravind Kumar Jugnauth on her arrival here. She will also hold talks with the country's top leadership during the visit to further consolidate India's relations with the Indian Ocean island nation. "President Droupadi Murmu @rashtrapatibhvn arrives in Mauritius on a 3-day State Visit," the Ministry of External Affairs posted on X. "In a special gesture reflecting the exceptionally close ties between &, PM @KumarJugnauth welcomed President Murmu at the airport with full state honours," it said. A contingent of the Indian Navy will also participate in the celebrations along with two ships -- INS Tir and CGS Sarathi. Announcing the visit, the Ministry of External Affairs (MEA) in New Delhi said President Murmu will hold bilateral meetings with her ..

Govt permits 4,750 tonnes of onion exports to Bhutan, Bahrain, Mauritius

The government on Wednesday permitted exports of 4,750 tonnes of onion to Bhutan, Bahrain, and Mauritius through the National Cooperative Exports Ltd (NCEL). The Directorate General of Foreign Trade (DGFT) in a notification said that while export of 550 tonnes of onion is permitted to Bhutan; 3,000 tonnes to Bahrain, and 1,200 tonnes to Mauritius. "Exports of onions" to these three countries "through NCEL is notified," it said. Last week, India allowed exports of 64,400 tonnes of onion to the UAE and Bangladesh. DGFT is an arm of the commerce ministry, which deals with norms related to imports and exports. Though onion exports are banned, shipments are allowed on the basis of permission granted by the government to other countries based on their request. On December 8 last year, the government banned exports of onion till March 31 this year with a view to increase domestic availability and to keep prices in check. To control prices, the government has earlier taken several steps

PM Modi, Mauritian PM inaugurate development projects in Mauritius

PM Modi said India has extended a credit line of $1 billion, and $400 million worth of assistance to the people of Mauritius in the last 10 years

PM Modi, Mauritian counterpart inaugurate projects in Agalega Island

The two leaders will inaugurate these projects through video conferencing at 1 pm, a statement from the Prime Minister's Office said

Passengers on Air Mauritius plane stuck for over 5 hours at Mumbai airport

Passengers on board an Air Mauritius flight were stuck on the aircraft for over five hours at Mumbai airport on Saturday before the airline decided to cancel it, one among the flyers said. The Air Mauritius flight MK 749 from Mumbai to Mauritius was to depart at 4.30 am and passengers boarded the plane from 3.45 am onwards, he said. There were nearly 200 passengers on board, including a 78-year-old man who developed a breathing problem as the aircraft's air-conditioning system was not working, he alleged. Air Mauritius GSA (general sales agent) in India did not respond to phone calls from PTI. The plane developed an engine problem but the passengers remained locked inside the plane for over five hours and were not allowed to come out, he said. Though the airline called engineers with spare parts to fix the engine glitch, it could not be rectified. Finally, around 10 am the captain announced that the flight had been cancelled, he said.

PM Modi launches UPI, RuPay card services in Sri Lanka and Mauritius

Shaktikanta Das, Governor of the Reserve Bank of India, Harvesh Seegolam, Governor of the Bank of Mauritius, and Dr. P. Nandalal Weerasinghe, Governor of Central Bank of Sri Lanka, were also present