Page-2 of IFSC
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 Gujarat does not turn out to become a tax haven in the ..
Month: Current Affairs - July, 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 the GIFT International Financial Service Centre (IFSC) in Gandhinagar, Gujarat through video ..
Month: Current Affairs - May, 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 through a notification. The notification issued by the GoI brings into effect ..
Month: Current Affairs - April, 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 the International Financial Services Centres in India. Composition of the authority According ..
Month: Current Affairs - December, 2019
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 ..
Month: Current Affairs - February, 2019
India’s first IFSC becomes operational at GIFT City in Gujarat
India’s first International Financial Services Centre (IFSC) became operational at Gujarat International Finance Tec (GIFT) City in Gandhinagar district of Gujarat. It became operational after Union Finance Minister Arun Jaitley unveiled the rules and regulations for this global financial hub. ..