GIFT Current Affairs, GK & News

International Financial Services Centres Authority (IFSCA)

March 4, 2022

IFSCA is a unified authority for the development and regulation of financial products, financial services, and financial institutions in international financial services centers. About International Financial Services Centre (IFSC) An IFSC caters to customers outside the jurisdiction of the domestic economy. IFSC centres deal with flows of finance, financial products and services across borders. London, ..

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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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Injeti Srinivas Committee submits report

October 23, 2020

On October 22, 2020, the Injeti Srinivas Committee submitted its second interim report to the chairperson of International Financial Services Centres Authority (IFSCA). It was an IFSCA Expert Committee that was constituted to study about the international retail business development in IFSC. Background The committee as constituted to make recommendations on promoting international retail business ..

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Five Point Agenda for GIFT City to make it Credible Jurisdiction

July 24, 2020

According to the Department of Economic Affairs, Ministry of Finance, the government is working on a five-point reform proposal in which it is being seen that IFSC in Gujarat does not turn out to become a tax haven in the world. The main areas of focus for reforms are: Feasibility of launching more products at ..

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