IFSC: Current Affairs, GK & News - 2020-2021

IFSC submits its report on Capital Market to IFSCA

Published: November 12, 2020

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 recommendations for the development of IFSC. Before this, the committee has submitted two interim reports on insurance and banking. This IFSC International Retail Business Development Committee was ..

Month: 

Category: 

Topics: 

IFSCA approves draft banking regulations at IFSC

Published: November 12, 2020

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 in the meeting. The draft banking regulations approved at the meeting opens the way for making rules for the various aspects of banking operations that would be ..

Month: 

Category: 

Topics: 

Injeti Srinivas Committee submits report

Published: 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 ..

Month: 

Category: 

Topics: 

Five Point Agenda for GIFT City to make it Credible Jurisdiction

Published: 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 ..

Month: 

Category: 

Topics: 

INR-USD Futures and Options Contracts launched by Finance Minister

Published: May 9, 2020

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 the GIFT International Financial Service Centre (IFSC) in Gandhinagar, Gujarat through video conference. Significance The contracts have been launched to increase economic activity and employment in the ..

Month: 

Category: 

Topics: 

Advertisement