More ah Neh coming to Sinkapore!

[BuiKia]

Get ready for higher everything and more crowded trains...

NEW DELHI: Singapore is expected to press India for an investment regime on the lines of the one it has with Mauritius when prime minister Lee Hsien Loong comes to New Delhi on a state visit later this week.

Singapore has emerged as the second-biggest source of foreign direct investment for India, but the country is keen to renegotiate the bilateral agreement with New Delhi to be able to give competition to Mauritius that accounts for nearly 40% of FDI into India.

"The ongoing meeting to review the bilateral Comprehensive Economic and Cooperation Agreement in New Delhi between officials from both countries is crucial as the tricky issues in services and investments are being discussed," a government official told ET.

"It is unlikely that India will meet the demand as it is in talks with Mauritius to remove the LoB (limitation of benefit) clause," the official added.

While investments made in India by Singapore-based companies are exempt from capital gains tax, it is subject to a 'limitation of benefit' or LoB clause which lays down conditions such as minimum expenditure made by a company in Singapore. There are no such clauses in the India-Mauritius pact.

India is actually trying to build restrictions in its treaty with Mauritius and wants to use the Singapore template. Mauritius foreign minister Arvin Boolell, who was in New Delhi last week, said his country had agreed to incorporation of benefits limitation clause in the tax treaty.

Singapore also wants higher cuts on import duties on goods that go beyond what is offered under the India-Asean free trade agreement implemented last year. "Since all other Asean members get similar tax concessions that have been given to Singapore under the CECA, it wants the review to ensure higher cuts so that it has an edge over others," the official said.

While the CECA has resulted in greater flow of investments into both countries, the benefits in trade have not yet been codified. Indian industry body Ficci and the Institute of South Asian Studies in Singapore will carry out a joint impact assessment study to find out the fall-outs of the CECA on trade.

"Since we have completed seven-eight years since the implementation of the CECA, it is a good time to find out how it is working for our businesses,"said a representative from Ficci.

India's exports to Singapore in 2010-11 was $ 16.79 billion compared to $4 billion in 2004-05, while its imports in 2010-11 was $8.57 billion compared to $ 2.65 billion in 2004-05. India is looking for specific commitments from Singapore that would guarantee easier entry for professionals into Singapore in the on-going review of the seven-year-old bilateral free trade pact.

The promise made to mutually recognise professional degrees in the initial treaty is yet to be fulfilled. India and Singapore had decided to mutually recognise degrees or other qualification certificates earned in each other's countries by doctors, nurses, dentists, architects and chartered accountants.

Although professional bodies from both sides met several times, the parameters for mutual recognition of qualifications could not be finalised.

"Since India was so keen on easier entry of its professionals in Singapore and very little has happened in the area, it is logical that the Indian side has placed this on top of the agenda," said Ram Upendra Das from Delhi-based trade research institute RIS.

 

[Television]

Sweet, More places will be selling mutton curry and naan bread!! My favorite!!!

 

[whoami]

I love thosai, capati and nasi berani.

Vanakam!

 

[hokkien]

I peng san

 

[KNNBCCB]

heng ah ... i ride kap kia...

MRT will be filled with shit smells

 

[Asura]

heng ah ... i ride kap kia...

MRT will be filled with shit smells

but bro, u like the ERP, carpark coupons, carpark fee, orkong fee, COE, insurance?

 

[king_of_abalone]

Sweet, More places will be selling mutton curry and naan bread!! My favorite!!!

I love mutton keema and tandoor!

 

[laksaboy]

I love thosai, capati and nasi berani.

Vanakam!

If it's a Northern Hindi Indian, then it should be 'Namaste'. नमस्ते

 

[zeddy]

Big boss of Mustafa Ctr will be a very happy man..

 

[hokkien]

Big boss of Mustafa Ctr will be a very happy man..

Agreed bro, more ah neh pub comming soon

 

[zeddy]

Agreed bro, more ah neh pub comming soon

They'll comin to Spore in time for Deeepavali..

 

[halsey02]

If it's a Northern Hindi Indian, then it should be 'Namaste'. नमस्ते

Namaste....http://www.youtube.com/watch?v=tnF3zxUxZaw&feature=related the only tune of Kenny G I can tolerate & like...Namaste!!

 

[steffychun]

More construction workers!! More currygate!!! China citizens beware!!

 

[fishbuff]

sali kuteh = u r stupid
mutha chord = mofo

 

[MeMyselfoIo]

looks like more and more rubbish will be pile up at little India.

 

[ginfreely]

"The promise made to mutually recognise professional degrees in the initial treaty is yet to be fulfilled. India and Singapore had decided to mutually recognise degrees or other qualification certificates earned in each other's countries by doctors, nurses, dentists, architects and chartered accountants"

Haven't fully recognized their professional degree already have two Indan doctors working in CGH are molesters. More molesters coming :(

 

[kingrant]

India, just like the hundreds of thousands of its reps who came over, bargains and demands everything to be cheaper, plentier,
longer, and Singapore as usual under inept leadership is being screwed all over again and again! They want everything but dont want to give away to us.

 

[pallkia]

"The promise made to mutually recognise professional degrees in the initial treaty is yet to be fulfilled. India and Singapore had decided to mutually recognise degrees or other qualification certificates earned in each other's countries by doctors, nurses, dentists, architects and chartered accountants"

Haven't fully recognized their professional degree already have two Indan doctors working in CGH are molesters. More molesters coming :(

Wrong!One molester is from India and the other is from Sri Lanka!