Page 5 - Ifsc

FM for cutting withholding tax to boost listing of bonds at IFSC exchange

The move will attract more international investors at IFSC exchange

Budget: International bullion exchange to be set up at IFSC in GIFT City

IFSC has the potential to become a centre of international finance and high end data processing, the Finance Minister said during her speech

RBI allows IFSC banking units to open foreign currency current accounts

As per the existing norms, IFSC Banking Units (IBUs) were not allowed to open any current or savings accounts

Govt moves Bill in Lok Sabha to set up unified regulator for IFSCs

As of now, banking, capital markets and insurance sectors in the IFSC are regulated by multiple regulators such as the RBI, Sebi, Irdai

Govt to set up unified regulator for IFSC, introduce Bill in Lok Sabha

The decision was taken at a meeting of the Union Cabinet on Wednesday

How to manage the offshore rupee market

There are price linkages between the offshore and onshore markets. During the depreciation of the rupee in 2013, the offshore market disrupted the domestic market for forex

Govt eases norms for re-insurers to set up shop at Gandhinagar IFSC

Opening an office at IFSC would allow global players to cater to the needs of customers outside the jurisdiction of the domestic economy

Govt brings single regulator Bill for intl financial services centres in RS

Banking, capital markets and insurance sectors in IFSCs are regulated by multiple regulators at present

Govt may allow exchanges from the IFSC to issue depository receipts

Market players have lobbied the government to allow DRs with an omnibus account structure to be listed and traded on IFSC exchanges

Govt comes out with relaxed norms for IFSC companies

To attract more companies to set shop in the International Financial Services Centre