finance | banking | taxes


India, UAE amend DTAA, sign other pacts
Keen to boost their trade and economic ties, India and the UAE today revised their agreement on Double Taxation Avoidance and signed a pact for exchange of information between the stock exchange regulators.
Free trade in stocks
A persistent problem in international trade between Canada and the United States comes in an unexpected commodity -- not wheat, lumber or beef, but securities, through U.S. rules that raise barriers to buying them.
Middle East moves towards VAT
The taxation environment in the GCC may be on the cusp of significant change.
Banking issues to dominate India-Singapore CECA talks
The Monetary Authority of Singapore's delay in granting the qualifying full banking licence--the highest banking status that Singapore offers to a foreign bank--to the State Bank of India will be taken up by India, when the two sides meet later this month to review the Comprehensive Economic Cooperation Agreement (CECA).
Mauritius beckons Indian finance pros
Indian financial services professionals, chartered accountants, capital market experts, merchant bankers, insurance specialists, actuaries and even lawyers, are set to get a warm welcome in Mauritius.
US-UAE FTA on ice
Talks between the US and the UAE over a free trade agreement have been suspended after both parties failed to agree on how the Gulf state would open up its markets to US investors and banks. The FTA will now miss the March 31 deadline.
Gulf: take oil, open financial sector
The six-nation Gulf Cooperation Council (GCC) has asked India to push through financial sector reforms and in return offered its huge oil and gas reserves to meet the country's energy needs.
Banking legislation up to international standards
Banking legislation has been on par with international standards. That was the message from a conference on the effects of the Vietnam-US Bilateral Trade Agreement (BTA) on Vietnam's economic development from 2001-05.
Local banks against red carpet welcome for EU counterparts
An overwhelming majority of Indian banks are against the government granting “full domestic” status to banks from the European Union, as has been given to banks from Singapore, under the proposed India-EU CECA.
Singapore still shy over banking
Since the CECA came into effect, trade has increased, but progress in banking is limited.