Experts reckon up to 10 per cent of such funds could shift to the IFSC
Even as the govt tries to scale up infrastructure, Centre-state squabbles, environmentalists' concerns, hassles over land acquisition and plain old project delays affect projects, writes T N Ninan
The Gujarat government has issued a resolution to also allow those not working within the country's first operational smart city to reside in the City.
An international bullion exchange, clearing corporation and depository will be set up
Besides, SpiceJet plans to lease seaplanes from India; Hindustan Aeronautics will explore channelising lease agreement--being discussed with Alliance Air for two Dornier aircraft--through IFSC
Investors aren't coming to India's new international financial center, built on a patch of wilderness in the PM's home state
Foreign banks at IFSC likely to focus on non-deliverable forward business, say experts
Bourse will run on a delivery-based model for allocated and unallocated bullion, with underlying security backing the latter
Circular covers eligibility and other norms for providing ancillary services in such centres
Companies already enjoy a 10-year tax holiday on income and profit in GIFT. Sitharaman's proposal to not tax capital gains incomes could further sweeten the deal for those wanting to exit Ireland
Tax holiday on capital gains, tax exemption for aircraft lease rentals paid to foreign lessors
Global financial services major HSBC on Tuesday inaugurated its International Banking Unit (IBU) branch at GIFT City near Gandhinagar city in Gujarat.
Many draw their funds from overseas Indians looking to invest in their home country
3 exchanges are working towards a common platform and also competing together for international biz
The remaining share capital may be acquired or held by any other person with a maximum cap of 5 per cent per investor.
In talks with RBI for being included in LRS; may ask FinMin to intervene
Rejects all 350 applications; Newly formed unified authority International Financial Services Centres Authority (IFSCA) regulates govt's pet project GIFT city institutions
The launch date for the new NSE IFSC-SGX Connect has not been decided yet
Committee says IFSC should aim at providing Indian diaspora and individuals from Asia and Africa with full range of financial services, serve residents availing liberalised remittance scheme
India's policymakers have been increasingly concerned about the growing heft of the rupee trades in venues overseas, and GIFT City as the hub is known, seeks to fill that gap