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IFSC

9th December – Explained – International Financial Services Centres Authority Bill, 2019

The International Financial Services Centres Authority Bill, 2019 is likely to be taken up by Parliament soon. The Bill provides for the establishment of an Authority to develop and regulate the financial services market in the International Financial Services Centres in India. Ambit of the bill – The Bill will be applicable to all International …

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IFSC Becomes Operational | PIB Summary

Section 18 of the Special Economic Zones Act, 2005 provides for the setting up of an International Financial Services Centre – IFSC in a Special Economic Zone (SEZ). Subsequent to the approval received under the Act, the country’s first International Financial Services Centre (IFSC) has become operational at the Gujarat International Finance Tec-City (GIFT), Gandhinagar. …

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