IFSC eases capital norms for AIFs, exempts need for sponsors commitment business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Variable Capital Companies are corporate structures that allow a fund to set up multiple sub-funds under its umbrella as and when needed, and hence the capital of the fund (or company) keeps changing.
Checking tax evasion: Taxman to access capital gains data directly from FY22 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Taxman to access capital gains data directly from FY22 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Beating Mauritius
FDI surge from Cayman Islands makes it the new Mauritius; chorus grows China might be routing investments into India through it
Illustration by Raj Verma
Cayman Islands is situated in Caribbean Sea, 480 miles southwest of Miami, USA. The three islands are spread over 101 square miles, have a population of 65,000 and gross domestic product (GDP) of $5.5 billion, slightly more than that of the Union Territory of Puducherry.
Still, it was the third-largest contributor of equity foreign direct investment (FDI) in India in the first six months of FY21 ($2 billion). Only Singapore ($8.3 billion) and the US ($7.13 billion) were ahead. The tiny British Overseas Territory even bettered Mauritius, traditionally the biggest source of FDI into India.