Benefits of the amendments:

♤ Will plug in black money in the system, money laundering and tax avoidance.

♤ tackle issues of treaty abuse and round tripping of funds attributed to the India Mauritius treaty.

♤ Curb non-revenue, prevent non taxation and streamline the flow of investment.

♤ Enhanced Exchange of information between India and Mauritius.

Discourage speculators and non-serious investors and overall reduce market volatility.

♤ The revenue generated can be used by government for higher public spending.