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Monitoring of Investments from Countries Sharing Land Border with India OVERVIEW:   The Government of India issued new regulations, known as the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024 (NDI Rules), and the Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024, on January 24, 2024.   These rules allow Indian public companies […]

IFSCA (PAYMENT SERVICES) REGULATIONS 2024 OVERVIEW:   The International Financial Services Centres Authority (IFSCA) announced the Payment Services Regulations, 2024, which were officially published in the gazette on January 30, 2024. By facilitating these services from the International Financial Services Centre (IFSC), the regulations empower financial institutions within the IFSC to both offer and receive

Norms for Capital Market Intermediaries OVERVIEW:   The International Financial Services Centres Authority (IFSCA) has released a significant circular concerning the reporting standards applicable to Capital Market Intermediaries (CMIs) functioning within the International Financial Services Centre (IFSC). Issued on February 8, 2024, this circular delineates the revised criteria and protocols for CMIs to adhere to

Anti-Money Laundering Compliance In IFSCA   WHAT IS MONEY LAUNDERING?   These are such illicit activities where the legitimacy of the illegally obtained proceeds is proved.  Money laundering has the potential to support criminal activities like drug trafficking and terrorism, posing significant threats to the global economy.   PHASES OF MONEY LAUNDERING :   Placement

HDFC Bank secures $750 Million funding from GIFT City IFSC BACKGROUND : In a recent development, HDFC Bank secured $750 million from the GIFT City International Financial Services Centre (IFSC) in Gandhinagar, Gujarat. The funding was obtained through a combination of USD denominated senior unsecured bonds, including sustainability bond.   WHAT IS THE SIGNIFICANCE OF

GIFT City Tax Benefits Extended by Interim Budget 2024 The one-year extension will increase registrations at the GIFT City IFSC  INTERIM BUDGET 2024 – KEY HIGHLIGHTS:    India’s Interim Budget, 2024 delivered by the Finance Minister on 1st February, 2024, laid out the government’s spending plans for the first half of the upcoming fiscal year. 

Direct Listing of Indian Companies at GIFT City Exchanges Notification to boost flow of foreign funds into the country OVERVIEW:   The Central Government has issued a notification allowing the direct listing of shares of Indian Companies on international exchanges, based in GIFT City. The move is intended to increase foreign investment inflows and offering

Green GIFT a Model For Intelligent Urbanisation GIFT CITY TO GET FIRST HYDROGEN PRICE INDEX WHAT IS GREEN HYDROGEN PRICE INDEX?     It is aimed at providing information on actually traded prices for green hydrogen, which is determined from supply and demand prices of hydrogen together with renowned partners from industrial and energy sectors

Ancillary Service Providers in IFSC In GIFT City, IFSC Global Overview: The origins of management consulting can be traced back to the early 20th century. Frederick Winslow Taylor, known as the “father of scientific management,” pioneered principles of efficiency and productivity. Taylorism laid the groundwork for consultants to offer expert advice on improving organizational processes.  

Stock Exchange In GIFT City, IFSC Global Overview:   The 19th century witnessed significant economic and industrial expansion, especially with the rise of railroads. This led to the establishment of stock exchanges in various cities to facilitate the trading of railroad company stocks and bonds. The 20th century saw the globalization of financial markets, with