To bolster the development of IFSC, the Government took a major policy decision to establish the first of its kind, unified and agile financial sector regulator for IFSCs viz International Financial Services Centers Authority (IFSCA) through an Act of Parliament in 2019. From 1st October 2020, IFSCA assumed the power of four domestic sector regulators, namely RBI, SEBI, IRDAI & Pension Fund Regulatory and Development Authority of India (PFRDAI), in so far as the development and regulation of IFSCs in India were concerned. Hence it is a Statutory Body. The foundation has been laid for creating a thriving knowledge economy by allowing foreign universities to set up operations in IFSC free of domestic regulations. Simultaneously, external assistance is mobilised to establish India’s premier Fintech Institute and Innovation Centre in GIFT City. GIFT city is India’s first greenfield smart city with a focus on creating financial hub in the region.
Which country hosted the South Asian Youth Table Tennis Championship 2023?
What is the transaction capacity of the new UPI Switch infrastructure developed by Razorpay?
In 2022, which aquatic species ranked eighth globally in yield according to the UN study "The State of World Fisheries and Aquaculture 2024"?
According to data released by the Controller General of Accounts (CGA), the central government’s fiscal deficit touched _______ of the full-year targe...
Who has been appointed as the Executive Director (ED) by the Reserve Bank of India who will be looking after the Enforcement Directorate, Risk Monitor...
Which startups have recently received payment aggregator licences from the Reserve Bank of India,?
Which of the following states has not shown a decline in the foreign direct investment in the current fiscal?
Which Steel company will manufacture India's first fire-resistant steel structures at its unit in Raigarh, Chhattisgarh?
________ has launched a supercomputing solution for Artificial Intelligence (AI) training, in partnership with NVIDIA for enabling large enterprises, ...
Which bank has launched 'Mobile Handheld Devices for its financial inclusion customers in a bid to enhance accessibility and convenience & will provide ...