Parliament Paves Way for Unified Regulator for Financial Services
On 12th December, 2019, the Rajya Sabha passed the International Financial Services Centres (IFSCs) Authority Bill, 2019, which provides for the establishment of an Authority to develop and regulate the financial services market in the International Financial Services Centres in India.The first IFSC in India was set up at Gujarat International Finance Tec-City (GIFT) in Gandhinagar, Gujarat.
Key features
- Coverage: It will apply to all International Financial Services Centres (IFSCs) set up under the Special Economic Zones Act, 2005.
- International Financial Services Centres Authority: It mandates to set up the International Financial Services Centres Authority, consisting of nine members, appointed by ....
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 MSP for Jute
- 2 Tapti Basin Mega Recharge Project
- 3 Kaleshwaram Lift Irrigation Project
- 4 QNB Opens Branch in Gujarat
- 5 National Bank for Financing Infrastructure and Development
- 6 Apparel Export Promotion Council (AEPC)
- 7 International Buyer-Seller Meet 2025
- 8 Land Port
- 9 Financial Fraud Risk Indicator
- 10 India’s Port Sector’s Milestones in FY 2024-25
- 1 Group of Ministers Set Up To Review Crop Insurance Scheme
- 2 RBI’s Operation Twist to Boost Lending
- 3 Government Notifies The Taxation Laws (Amendment) Act, 2019
- 4 Extension for Sabka Vishwas Scheme
- 5 Government Launches Data Bank of Independent Directors
- 6 Silver Line Project
- 7 Cabinet Authorises NHAI to Set Up Infrastructure Investment Trust
