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gift city ifsc upsc

It is located at the International Financial Services Centre (IFSC), GIFT City in Gujarat. This proposed new exchange is intended to grow the financial market as well as expected to bring capital into India. The dynamic nature of business in the IFSCs necessitates a high degree of, The development of financial services and products in IFSCs would require. Useful Links. Global tax management and cross-border tax liability optimization, which provides a business opportunity for financial intermediaries, accountants and law firms. The Regulatory Sandbox shall operate within the IFSC located at GIFT City. Quick Info.- 011-47561070 × Login × Log in. IFSC in GIFT City Indian Investors IFSC AIF Manager IFSC AIF Securities issued by Companies incorporated in IFSC Securities issued by Companies incorporated in India or foreign jurisdiction Units of other AIFs Securities listed in IFSC Other permissible investments as per AIF Regulations (LLP, REIT, InvIT, Derivatives, SPV) AIFs in GIFT City 6 It operates on EUREX T7, an advanced technology platform. India International Exchange (IFSC) Limited (India INX) - India’s first international exchange in International Financial Services Centre (IFSC) located at the Gujarat International Finance-Tec City (GIFT City). Types of IFSCs. Quick Links Gallery FAQ. "IFSC at Gift City, which has become operational, needs a coherent and integrated regulatory framework to fully develop and to compete with other offshore financial centres. What are the services an IFSC can provide? The unified authority will act as a single-window for regulating various financial activities in the IFSC. GIFT City & International Financial Service Center (IFSC): Features & Benefits UPSC Video | EduRev video for UPSC is made by best teachers who have written some of the best books of UPSC. Recommend to the Central Government such other financial products, financial services and financial institutions which may be permitted in the IFSCs. Save my name, email, and website in this browser for the next time I comment. Regulate such other financial products, financial services or FIs as may be notified by the Central Government from time to time. With an IFSC in India, India now competes against global financial hubs like Dubai and Singapore to attract foreign investors who are willing to trade in foreign currencies. India’s first operational smart city and international financial services centre; The first IFSC in India has been set up at GIFT City, Gandhinagar, Gujarat. Mumbai: Gift City, a financial hub designed to overcome restrictions on trading in Indian currency, is set to begin trading in the INR-USD pair through exchange traded futures market.This will probably reduce the quantum of trading in the overseas market that makes monitoring of it difficult for the regulator. About IFSCA International Financial Services Centres Authority. Rupee derivatives in IFSC would help in creating a vibrant forex market in India. OR . An IFSC enables bringing back the financial services and transactions that are currently carried out in offshore financial centers by Indian corporate entities. UPDATE. An IFSC caters to customers outside the jurisdiction of the domestic economy. But you can send us an email and we'll get back to you, asap. The regulator’s move comes despite the Reserve Bank of India having reservations over offering such a facility. Regulate all such financial services, financial products and FIs in an IFSC which has already been permitted by the Financial Sector Regulators for IFSCs. Create An Account Here. Context: The International Financial Services Centres Authority Bill, 2019 is likely to be taken up by Parliament for discussion next week. GK Articles, News, Current Affairs, Trivia Questions and Updates about Gift City for students and aspirants of UPSC, Civil services and other competitive examinations. The first IFSC in India has been set up at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. GIFT City is an integrated development on 886 acres of land with 62 mn sq. Geography optional crash course in 18 days i.e 120 hours. Mint explains the concept of an IFSC and how it functions. 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From UPSC perspective, the following things are important : Prelims level : Gujarat Maritime Cluster. GIFT City’s Master Plan is for the 359 hectares (886 acres) of land area to have approximately ~110 buildings with ~5,800,000 m2. Need For Unified Regulator Currently, the banking, capital markets and insurance sectors in IFSC are regulated by multiple regulators, i.e. Get all the live Quotes on INDIA 50 Futures and options, real time prices of Equity, currency and commodity derivatives. The first IFSC in India has been set up at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. Objective: To develop and regulate the financial services market in the IFSC in India; (2) To make GIFT City a global hub for international financial services on the lines of London, Hong Kong, Singapore, and Dubai. RBI, SEBI and IRDAI. 2nd & 3rd Floor, PRAGYA Tower, Block 15, Zone 1, Road 1C, GIFT SEZ, GIFT City, Gandhinagar, Gujarat - 382 355 + 91-79- 6180-9800 . UPSC Prelims 2020 Question Paper With Answer Key. GIFT’s Master Plan facilitates Multi Services SEZ with International Financial Services Centre (IFSC) status, Domestic Finance Centre and the associated Social infrastructure. New Delhi [India] Aug 28 (ANI/Digpu): Singapore has over the years emerged as a top International Finance Centre (IFC) and the Singapore Exchange (SGX) has found a successful niche in licensing of indices from other jurisdictions such as China, The IFSC in GIFT City (IFSC-GIFT) is being developed as a global financial and information technology services hub designed to be at or above par with globally benchmarked financial centres such as London, Hong Kong, Singapore, and Dubai. Prelims level: Gujarat Maritime Cluster in India has been set up at GIFT City ) is … it supported! The banking, capital markets and insurance sectors in gift city ifsc upsc fulfilled is supported by state-of-the-art infrastructure encompassing basic. 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