Page-3 of Gift City Current Affairs, GK & News

Budget 2020: Financial Sector

The Budget 2020-21 has been framed on the basis that Governance and Finances are the two major hands in achieving the three themes of the budget. The three themes include aspirational India, Economic Development and Caring India The Budget has allocated funds for the following in the efforts of achieving 5 trillion USD economy. Public ..

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Government to set-up a Unified Authority for Regulating Entities in IFSC

The Union Cabinet headed by Prime Minister Narendra Modi has approved setting up of a unified authority for regulating all financial services in international financial services centres (IFSCs) in the country. The government has approved a bill to set up a unified regulator. Fact Box The first IFSC in India was set up at GIFT City in Gandhinagar, Gujarat. Promoting the Ease ..

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Belgium opens honorary consulate in GIFT City

Belgium has become the first country to open an honorary consulate office in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat. Belgium already has two Consulates-General in Mumbai and Chennai, and an honorary consulate in Kolkata. The consulate was inaugurated by Belgian Secretary of State for Foreign Trade, Pieter De Crem. Hari Sankaran, Vice-Chairman and ..

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PM Narendra Modi inaugurates India’s first international exchange at GIFT city

Prime Minister Narendra Modi inaugurated India’s first international exchange India INX at the International Financial Service Centre (IFSC) of GIFT (Gujarat International Financial Tech) City Gandhinagar, Gujarat. India INX is a wholly-owned subsidiary of the Bombay Stock Exchange (BSE). It will enable Indian firms to compete on equal footing with offshore firms. Key Facts India ..

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MCX to partner CME group for international exchange at GIFT City

India’s largest commodities exchange platform, Multi Commodity Exchange of India Limited (MCX) has signed a MoU with the US based CME group to set its operations in GIFT City in Gujarat. Chicago Mercantile Exchange (CME) the world’s largest US futures exchange company and MCX will initially conduct a joint viability study of setting up operations in an International ..

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