Current Affairs

GK MCQs Section

IFSC

International Financial Services Centres Authority (IFSCA)

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...

March 4, 2022

NBFCs to function in GIFT city, Gujarat

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...

April 24, 2021

What is IAIS?

International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions constituting 92% of the world’s insurance premiums....

December 7, 2020

IFSC submits its report on Capital Market to IFSCA

IFSC International Retail Business Development Committee has presented its final report to IFSCA on November 11. The final report has recommendations on Capital Markets. The committee also made...

November 12, 2020

IFSCA approves draft banking regulations at IFSC

International Financial Services Centres Authority (IFSCA) conducted a meeting on November 11 in New Delhi. The IFSC Authority approved the International Financial Services Centres Authority (Banking) Regulations, 2020...

November 12, 2020

Injeti Srinivas Committee submits report

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...

October 23, 2020

Five Point Agenda for GIFT City to make it Credible Jurisdiction

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...

July 24, 2020

INR-USD Futures and Options Contracts launched by Finance Minister

On May 9, 2020, the Union Finance Minister Smt Nirmala Sitaraman launched the INR-USD Futures and Options contracts in the BSE and NSE platforms. They were launched at...

May 9, 2020

International Financial Services Centre Authority established by GoI

The Government of India has established International Financial Services Centre Authority. The headquarters of the authority is to be established in Gandhinagar, Gujarat. Highlights The Authority was established...

April 28, 2020

Parliament passes International Financial Services Centre Authority bill, 2019

On December 13. 2019, the International Financial Services Centre Authority bill was passed by Rajya Sabha. It proposes to set up an authority to regulate financial services in...

December 13, 2019

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