❖ Mauritius has now slipped to the fifth position, behind Ireland, in terms of assets under custody.

❖ Mauritius is one among the leading destinations for foreign portfolio investors (FPIs) routing funds into India

. ❖ Ireland has registered a 26 per cent surge in AUC for FPIs in the first half of the calendar year. 

❖ Overall, more than 780 FPIs are registered in Ireland compared to 595 in Mauritius.

❖ In March, the governments of Mauritius and India signed a deal to amend the Double Taxation Avoidance Agreement (DTAA).