Unified Authority for Regulating all Financial Services
The Union Cabinet on February 6 approved establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India through International Financial Services Centres Authority Bill, 2019.
|
Remember This: The first IFSC in India has been set up at GIFT City, Gandhinagar, Gujarat. |
Functions of IFSC
- An IFSC enables bringing back the financial services and transactions that are currently carried out in offshore financial centers by Indian corporate entities and overseas branches /subsidiaries of financial institutions (FIs) to India by offering business and regulatory environment that is comparable to ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Second Advance Estimates of Agricultural Production 2025–26
- 2 Domestic Systemically Important Banks (D-SIBs)
- 3 External Commercial Borrowings (ECBs)
- 4 National Shipping Board
- 5 City Gas Distribution (CGD) Network
- 6 Banana Cluster
- 7 Public Insurance Registry (PIR)
- 8 Sharavathi Pumped Storage Hydroelectric Project
- 9 Centre launches Key Digital Initiatives for Dam Safety
- 10 V.O. Chidambaranar Port becomes First Indian Major Port to Implement Digital Twin
