IFSCA Current Affairs, GK & News

RBI norms for import of Gold

May 28, 2022

The Reserve Bank of India (RBI) introduced norms for facilitating the physical import of gold through India International Bullion Exchange (IIBX) or any authorized exchange by Qualified Jewellers in India. The exchange should be authorized by the International Financial Services Centers Authority (IFSCA) or the Directorate General of Foreign Trade (DGFT). What is India International ..

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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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Anantha Nageswaran-New Chief Economic Advisor

January 30, 2022

The Government of India has appointed Anantha Nageswaran as the new Chief Economic Advisor. He is a former member of Prime Minister Economic Advisory Council. About Nageswaran Nageswaran has taught in B – schools in India and Singapore. He is a visiting professor at Kre University. Krea University is one of the top private universities ..

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IFSCA in IOSCO

January 4, 2021

The International Financial Services Centres Authority recently became an associate member of the International Organization of Securities Commissions (IOSCO). What are the benefits of IOSCO membership? The IOSCO works closely with the Financial Stability Board (FSB) and the G20 nations, to set up the standards that strengthen the securities markets. According to FSB, IOSCO membership ..

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IFSC submits its report on Capital Market to IFSCA

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 ..

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IFSCA approves draft banking regulations at IFSC

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 ..

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