Start learning 50% faster. Sign in now
Explanation: IFSCA regulates financial products such as securities, deposits or contracts of insurance, financial services, and financial institutions which have been previously approved by any appropriate regulator such as Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) etc., in an IFSC. It will also regulate any other financial products, financial services, or financial institutions in an IFSC, which may be notified by the central government. It may also recommend to the central government any other financial products, financial services, or financial institutions, which may be permitted in an IFSC. The International Financial Services Centres Authority will consist of nine members, appointed by the central government. They will include chairperson of the authority, a member each from the RBI, SEBI, the Insurance Regulatory and Development Authority of India (IRDAI), and the Pension Fund Regulatory and Development Authority (PFRDA); and two members from the Ministry of Finance. In addition, two other members will be appointed on the recommendation of a Selection Committee. Term: All members of the IFSC Authority will have a term of three years, subject to reappointment. IFSCA is not a Constitutional Body. It is created under IFSCA Act of 2019. Hence, it is a Statutory Body.
Which scheme received the Gold Award for Application of Emerging Technologies for Providing Citizen Centric Services at the 26th National Conference on ...
In the event of non-supply of food grains, how the Government compensate the beneficiaries under the NFSA?
How many traditional trades are initially covered under the 'PM Vishwakarma Yojana'?
FDI in Renewable Energy Sector is up to __________ under the automatic route.
On which date the “Stand-up India” Scheme was launched?
What is the objective of PM krishi sinchayee Yojana, which was launched in 2015-16.
(i) To achieve convergence of investments in i...
The PM Vishwakarma scheme provides a one-time financial assistance of ₹15,000 as:
Which of the following Statements about NCERT is/are True?
(i) NCERT provides academic and technical support for qualitative improvement of scho...
Which of the following ministries is associated with “Aazadi se Antoday take'' campaign?
What is the base year for the Quick Estimates of IIP (Index of Industrial Production)?