Question
Which of the following city is the headquarter of
International Financial Services Centres Authority?Solution
- Central government has established International Financial Services Centres Authority to regulate all financial services in International Financial Services Centres (IFSCs) with headquarters in Gandhinagar (Gujarat).
- NSE IFSC Ltd, a subsidiary of National Stock Exchange (NSE), announced the launch of an international sustainability platform, at Gujarat's GIFT City. which is India's first International Financial Services Centre (IFSC).
- This is a first of its kind ESG (environmental, social and governance) platform in India.
- The platform will facilitate listing and trading a variety of sustainability products including green bonds, voluntary carbon, sustainable bonds, green real estate investment trusts (REITs), green equity, among others and channelize the flow of sustainable finance to India and other markets.
- GIFT City will facilitate international investors to participate in ESG transitions in India and other markets.
- The platform will encourage the issuance of new sustainability-linked financial products by a diverse group of organizations from around the world, including corporates, governments and social enterprises, and this represents an important response to the challenge of resolving global environmental issues like climate change.
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