AGP Executive Report
Last update: 10 hours agoUS Visa Bonds: The US has made its visa bond programme permanent, effective 3 August, letting consular officers require refundable deposits of $10,000, $15,000 or $20,000 for B1 business and B2 tourism applicants from 50 countries—including Mauritius and 30 African nations—with money forfeited only if visa terms are breached. Digital Payments: India’s UPI hit record momentum in July with Rs 29.88 lakh crore in transaction value across 23.66 billion transactions, while UPI’s international reach now includes Mauritius. Cross-Border Remittances: India and the Maldives went live with the Favara–UPI corridor, enabling real-time P2P transfers from Maldivian rufiyaa to Indian rupees via two Maldivian banks. Mauritius Business Link: Zee Entertainment shareholders approved a Rs 3,143.5 crore promoter fund infusion via fully convertible warrants to Sunbright Mauritius Investments, lifting promoter shareholding to 23.79%. Regional Health Cooperation: Mauritius is among countries backing WHO’s first Investment Round, with 14 African states and partners pledging over $45m. Maritime Training in Mauritius: IRClass Academy ran a Port Facility Security Officer training in Mauritius for port and maritime professionals.
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