Circular covers eligibility and other norms for providing ancillary services in such centres
Companies already enjoy a 10-year tax holiday on income and profit in GIFT. Sitharaman's proposal to not tax capital gains incomes could further sweeten the deal for those wanting to exit Ireland
Tax holiday on capital gains, tax exemption for aircraft lease rentals paid to foreign lessors
Global financial services major HSBC on Tuesday inaugurated its International Banking Unit (IBU) branch at GIFT City near Gandhinagar city in Gujarat.
Many draw their funds from overseas Indians looking to invest in their home country
3 exchanges are working towards a common platform and also competing together for international biz
The remaining share capital may be acquired or held by any other person with a maximum cap of 5 per cent per investor.
In talks with RBI for being included in LRS; may ask FinMin to intervene
Rejects all 350 applications; Newly formed unified authority International Financial Services Centres Authority (IFSCA) regulates govt's pet project GIFT city institutions
The launch date for the new NSE IFSC-SGX Connect has not been decided yet
Committee says IFSC should aim at providing Indian diaspora and individuals from Asia and Africa with full range of financial services, serve residents availing liberalised remittance scheme
India's policymakers have been increasingly concerned about the growing heft of the rupee trades in venues overseas, and GIFT City as the hub is known, seeks to fill that gap
The priorities include setting up an international bullion exchange also.
The Gujarat government's international financial services centre has the opportunity to become a global hub, but only if regulation and procedures are streamlined quickly
Regulator expands shareholding limits of stock exchanges desirous of operating in IFSC
Suggest more incentives to help attract investments from Hong Kong
IL&FS has duly received Rs 32.71 crore as equity value for shares as a sale consideration
Teleconference used in approval process; the 11 entities carry potential to create 500 jobs
The firms currently have 633 aircraft and the government said they would operate only 200 of these
One of Sebi's key objectives is to protect investor interest and market integrity.