Nirmala Sitharaman announces clearance of two proposals of IFSCA at GIFT City in Gujarat

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Union Finance Minister Nirmala Sitharaman announced clearance of two proposals worth Rs 469 crore of the International Financial Services Centres Authority (IFSCA) at GIFT City here during her one-day visit on Saturday. Sitharaman announced formal clearance of Rs 269.05 crore for supervisory technology fund for IT infrastructure and Rs 200 crore for headquarter building, the … Read more

IFSCA sets up expert group to suggest road map for longevity finance hub

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The International Financial Services Centres Authority (IFSCA) on Wednesday said it has set up an expert committee to recommend the road map for the development of Longevity Finance Hub. Global estimates suggest that there are one billion people in the silver generation, a global cohort of individuals aged 60 years and older, with a combined … Read more

How IFSC at Gift City can position India as an international financial centre

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Since the 2015 launch of International Financial Services Centre (IFSC) in Gujarat’s GIFT City, several initiatives at policy, regulatory and operational levels have helped India’s IFSC dream take shape and gain attention from far and wide. IFSC has the potential to become an investment gateway for India as apart from providing a global financial platform, … Read more

IFSCA sets up a panel to formulate plan to develop international retail business

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The International Financial Services Centres Authority (IFSCA) set up a panel of industry experts to formulate a plan to develop international retail business at the International Financial Services Centre (IFSC), said a release on Monday. The expert committee was also tasked with strategising to make the IFSC attractive for international financial services and to draw … Read more

Injeti Srinivas appointed chairman of IFSCA

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The Appointments Committee of the Cabinet approved the appointment of Injeti Srinivas as chairman of the International Financial Services Centres Authority (IFSCA), according to an official notice on Monday. The former corporate affairs secretary and 1983-batch IAS officer of the Odisha cadre will head the IFSCA for a period of three years, the notice said. … Read more