Business Standard

Friday, December 20, 2024 | 07:07 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

International Financial Services Centre (ifsc)

PM Modi to launch India's first international bullion exchange in Gujarat

Prime Minister Narendra Modi will visit India's first International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar on Friday

PM Modi to launch India's first international bullion exchange in Gujarat
Updated On : 29 Jul 2022 | 9:39 AM IST

Investing in global stocks through IFSC: Here's what investors should know

A certain number of NSE IFSC depository receipts are required to make up one underlying share

Investing in global stocks through IFSC: Here's what investors should know
Updated On : 08 Mar 2022 | 6:04 AM IST

IFSCA invites comments on draft framework on sustainable financial lending

IFSCA has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Services Centres in India

IFSCA invites comments on draft framework on sustainable financial lending
Updated On : 03 Mar 2022 | 12:57 AM IST

Fintech hub at GIFT City: IFSCA in talks with overseas regulators

IFSCA in talks with 10 foreign counterparts to help Indian fintech firms expand globally

Fintech hub at GIFT City: IFSCA in talks with overseas regulators
Updated On : 24 May 2021 | 6:10 AM IST

SGX-NSE may start operations at Gift City by Dec: IFSCA's Injeti Srinivas

In a telephonic interview with Shrimi Choudhary, Injeti Srinivas, chairman of IFSC Authority (IFSCA), discusses the impact of Covid-19 on the operations of Gift City

SGX-NSE may start operations at Gift City by Dec: IFSCA's Injeti Srinivas
Updated On : 24 May 2021 | 6:10 AM IST

Indians may soon be able to tap LRS route for MF, AIF play in Gujarat IFSC

A 7-member committee recommended a host of measures for enhancing retail participation in the IFSC

Indians may soon be able to tap LRS route for MF, AIF play in Gujarat IFSC
Updated On : 12 Nov 2020 | 11:34 PM IST

Quit from here, then join, Sebi tells 350 officers seeking IFSCA deputation

Rejects all 350 applications; Newly formed unified authority International Financial Services Centres Authority (IFSCA) regulates govt's pet project GIFT city institutions

Quit from here, then join, Sebi tells 350 officers seeking IFSCA deputation
Updated On : 25 Sep 2020 | 10:59 PM IST

Making India a hub of global financial services: So close, yet so far

The dynamic nature of business in IFSCs necessitates a high degree of inter-regulatory coordination, say experts

Making India a hub of global financial services: So close, yet so far
Updated On : 12 Jul 2020 | 7:17 PM IST

Investment advisers to have net worth of $1.5 mn for operating in IFSC

An applicant needs to have a net worth of not less than USD 1.5 million (about Rs 10.5 crore)

Investment advisers to have net worth of $1.5 mn for operating in IFSC
Updated On : 09 Jan 2020 | 9:08 PM IST

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

RBI allows IFSC banking units to open foreign currency current accounts
Updated On : 23 Dec 2019 | 11:09 PM IST

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 moves Bill in Lok Sabha to set up unified regulator for IFSCs
Updated On : 25 Nov 2019 | 6:54 PM IST

India's competition magnifies as Sri Lanka, China join hands to take on IFC

China is present in a big way in Sri Lanka despite earning criticism for the unviable cost of signature projects

India's competition magnifies as Sri Lanka, China join hands to take on IFC
Updated On : 17 Nov 2019 | 10:06 PM IST

Tax cloud over IFSC units: DDT waiver on what is paid from current income

There is concern that a portion of the dividend to be declared by companies operating out of the International Financial Services Centre (IFSC) could come under the tax net.The central government had announced various tax sops for new businesses engaging in financial services at IFSC, set up at GIFT City in Gujarat. Among these, waiver of dividend distribution tax (DDT) on profits distributed by IFSC companies was considered a major relief, as it would help them to repatriate profits without additional cost to the business.However, the waiver has been provided for dividend distributions made by IFSC companies only from current income. The present company law provisions, which apply to companies set up at the IFSC, permit declaration of dividends out of accumulated profits. Given these, companies could potentially bifurcate the amount of dividends paid out of current income and accumulated profits. To the extent dividends are declared out of the latter, they will have to pay DDT at ...

Tax cloud over IFSC units: DDT waiver on what is paid from current income
Updated On : 07 Mar 2018 | 6:59 AM IST