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Jul 30, 2022 · What is GIFT City? GIFT (Gujarat International Finance Tec-City) City is located in Gandhinagar, Gujarat. It consists of a multi-service Special Economic Zone (SEZ), which houses India’s first International Financial Services Centre (IFSC) and an exclusive Domestic Tariff Area (DTA).
May 14, 2024 · About India International Bullion Exchange (IIBX): It is India's first International Bullion Exchange. It is based at GIFT City (Gujarat International Finance Tech City) IFSC (International Finance Services Center), Gandhinagar, Gujarat.
Dec 2, 2021 · The Gujarat International Finance Tec City (GIFT City) is India’s first and only International Financial Services Centre (IFSC) where banks, stock exchanges and financial services firms have set up their global operations.
Apr 25, 2024 · GIFT City has two zones, one is “Domestic” and the other is “SEZ”. In the domestic zone, Domestic transactions denominated in Rupee can be undertaken. The SEZ zone (GIFT-SEZ) has been declared as “International Financial Services Centre (IFSC)”.
GIFT City IFSC Latest News. In April 2023, the Reserve Bank of India (RBI) removed a major hurdle for investments in the International Financial Services Centre (IFSC) at GIFT City, Gujarat, through the Liberalised Remittance Scheme (LRS) route. More on the news.
Jan 10, 2024 · Gujarat International Finance Tec-City (GIFT City) is a 15.5 square kilometer business district under construction in Gandhinagar, Gujarat, India. It is India’s first operational greenfield smart city and international financial services center (IFSC).
Jun 12, 2017 · Gujarat International Finance Tec-City or GIFT is an under-construction central business district between Ahmedabad and Gandhinagar in the Indian state of Gujarat.
Jul 29, 2022 · GIFT (Gujarat International Finance Tec-City) is located in Gandhinagar, Gujarat. It consists of a multi-service Special Economic Zone (SEZ), which houses India’s first International Financial Services Centre (IFSC) and an exclusive Domestic Tariff Area (DTA).
Gift City is India’s first IFSC being developed. In this article, you can read more about the IFSCA, its mandate, responsibilities and functions. This is an important topic for the UPSC 2023 covering both polity and economy sections.
Recently, the International Financial Services Centre Authority (IFSCA) announced a new liberal regulatory regime for facilitating formation of various international and Indian insurance businesses in the Gujarat International Finance Tec-City (GIFT City).
