Topic: International Financial Services Centre
Federal Bank: 1st to list Payment Gateway on New tax platform
Federal Bank, based in Kerala, is the first bank to get listed its Payment Gateway platform on “TIN 2.0 platform” of the Income Tax Department. TIN 2.0 platform was started...
IFSCA approves two new regulations
On October 27, 2020, International Financial Services Centre Authorities approved to new regulations during the board meeting held. Highlights During the meeting the following new regulations were approved... 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...
Injeti Srinivas appointed First Chairman of International Financial Services Centre Authority
On July 6, 2020, the retired 1983 batch IAS officer from Odisha Cadre, Injeti Srinivas was appointed as the first chairman of the International Financial Service Centre Authority....Usha Thorat heads RBI task force on Offshore Rupee Markets
The RBI task force on Offshore Rupee Markets (ORM), headed by Usha Thorat, has suggested liberal currency market for offshore users. The panel recommended that onshore market hours...
Key Highlights of Union Budget 2019-20 (Part 2)
TAXES Direct Taxes Performance: India’s Ease of Doing Business (EDB) ranking under ‘Paying Taxes’ category jumped from 172 in 2017 to 121 in 2019. In past 5 years,...Union Cabinet to set up an unified authority for regulating all financial services in IFSC
The Union Cabinet has recently approved establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India through IFSCs Authority Bill...
