Titbits:The National Strategic Transformation Commission; The Cost of Lower Public Debt to GDP Ratio; Managing Capital Inflows;Labour Market Reforms; MK rescued again and again!

The National Strategic Transformation Commission

After some six years of bumping into systemic dead ends, the Government Programme 2012-2015 took the bull by the horns by coming to the rescue of the economic management of the country. We have so far been having recourse to stopgap solutions and focussed mostly on short-term traditional macro-stabilization policies. But that is not enough for establishing a solid base for sustained economic growth and get the economy going again at full blast.

Titbits:India-Mauritius Tax Treaty; New Reforms Strategy in the Civil Service; Capital inflows and appreciation of the rupee; A University for the Mediocre

India-Mauritius Tax Treaty

The radical taxation proposals contained in the recent Indian budget have raised considerable alarm about the ability of Mauritius to maintain its pre-eminent role as an offshore location for investments into India. In response, the Mauritian Government has adopted a wait and see attitude, probably on the premise that the Indian Government will backtrack on the proposed tax changes in the presentation of the Finance Bill in the Indian Parliament during the last week of April, under the mounting weight of harsh international criticism of the retroactive nature of the tax amendments and of the sweeping taxation powers accruing under the tax avoidance rules.