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 ..

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NDB in GIFT City

March 1, 2022

New Development Bank (NDB) is set to become the first multilateral agency to open an office in Gujarat International Finance Tech City (Gift). Key Points New Development Bank has received the approval for the same. It will open the office in GIFT City in May 2022. Indian office will help in identifying suitable projects and try ..

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DESH-Stack e-portal

February 2, 2022

On February 1, 2022, Finance Minister Nirmala Sitharaman announced to set up “DESH-Stack e-portal”, during Budget 2022 speech. Highlights Announcement to set up a DESH-Stack online skilling platform and overall focus of Budget on skilling is drawing appreciation from industry, because stakeholders have been highlighting widening skill gap across job market. DESH-Stack e-portal DESH stands ..

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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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