Gift City Current Affairs, GK & News

GIFT City

March 12, 2021

GIFT City or Gujarat International Finance Tech city is a smart city on the banks of River Sabarmati in Gujarat. It houses India’s first international financial service centre. The project was conceived based on a ‘walk to work’ concept and it is completely owned by the Gujarat government. The city has some 12,000 people working ..

IFSCA sets up Expert Committee on Sustainable Finance

October 2, 2021

International Financial Services Centres Authority (IFSCA) has constituted an Expert Committee in a bid to recommend approach towards development of Sustainable Finance Hub. Key Points The expert committee is being chaired by C.K. Mishra, Former Secretary to the “Ministry of Environment, Forest & Climate Change”. In all, committee has 10-members, who will recommend ways to ..

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IFSCA sets up group to suggest on longevity finance hub

July 16, 2021

Gift-City regulator, IFSCA (International Financial Services Centres Authority) has set up an expert committee to suggests on approach towards development of Longevity Finance Hub in Gift-City of Gujarat. About Expert Committee Expert committee will be co-chaired by Kaku Nakhate, President & Country Head (India) of Bank of America and Gopalan Srinivasan, Ex-CMD of New India ..

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India-UK First Financial Markets Dialogue

July 10, 2021

UK-India Financial Markets Dialogue (FMD) held first virtual meeting on July 8, 2021 in order to strengthen bilateral financial connections. UK-India Financial Markets Dialogue ·Government-to-government conversations took place during Dialogue in a bid to increase cooperation on four major themes: 1.   Gujarat International Finance Tec (GIFT) City, 2.   Banking and payments, 3.   Insurance, and 4.   Capital ..

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NBFCs to function in GIFT city, Gujarat

April 24, 2021

The International Financial Service Centre recently granted permission for the Non-Banking Finance Companies to operate in Gujarat GIFT City. The NBFCs will now be allowed to offer whole range of services such as loans, investment banking, exotic derivative trades and third-party product sales. Significance The move will attract top financial services from all over the ..

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What is the unique Martime Cluster coming up in GIFT city of Gujarat?

November 13, 2020

While launching Ro-Pax terminal at Hazira and flagging-off Ro-Pax ferry service between Hazira and Ghogha on November 8, 2020, Prime Minister Narendra Modi said that Gujarat maritime cluster ports, a dedicated system to address Ports to sea-based logistics, will be built in GIFT city. Maritime Cluster Project While the concept of maritime clusters is new ..

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