Question
Who is the regulator of the financial activities of the
International financial services centre – GIFT City?Solution
IFSC provides an opportunity to global businesses to set up wide variety of business verticals in Banking, Insurance, Fund/Asset management, Capital Markets and Trading, IT services and ITeS/BPO services. Gujarat International Finance Tec-City (GIFT City) is the first IFSC that was set up in Gujarat in 2015. Earlier the different business segments in IFSC were governed by different regulators namely Reserve Bank of India (RBI) for banking and capital market undertakings, Securities and Exchange Board of India (Sebi) for fund management and capital markets and Insurance and Regulatory Development Authority of India (IRDAI) for Insurance. Recognizing the need for co-ordination amongst all the regulators to ensure smooth business operations in IFSC, GoI established a unified regulator i.e., International Financial Service Centers Authority (IFSCA) under the IFSC Act to govern activities of all units established in IFSC . IFSCA was established in April 2020 and its current Chairman is Mr. Injeti Srinivas.
Zee Entertainment Enterprises (ZEE) has settled securities law violations with the Securities and Exchange Board of India (SEBI) by paying _______ as se...
Which initiative provides real-time updates on Ease of Doing Business?
What unique feature does Axis Bank's NFC Soundbox, developed in collaboration with Mastercard, offer for transactions exceeding Rs 5000?
Who won the gold medal for India in the Women’s 10m Air Pistol event at the Deaf Shooting Championship 2024 in Germany?
Who won the BBC Emerging Athlete of the Year award in 2024?
Which of the following is NOT a key component of the Skill India Mission?
________ company has commissioned a 300 MW Solar Plant in Dholera, Gujarat which will generate 774 million units of power annually.
Which Indian state recently entered into a memorandum of understanding (MoU) with the National Tiger Conservation Authority (NTCA) to establish its inau...
When was the 38th meeting of the Central Advisory Board of Archaeology (CABA) held?
Who is the first woman police commissioner of the state Uttar Pradesh?