Tag: gift city
Posted in Economy
Unwelcome GIFT: Parking wealth abroad just got tougher for Indian family offices
Mumbai: Wealthy Indian families planning to move money out of the country by floating investment funds in the GIFT City are hitting a hurdle. The…
Posted in Economy
Banks push for Yuan trade in GIFT City as India-China ties warm up
With ties between India and China easing up, the Centre and the International Financial Services Centre Authority (IFSCA) are considering a suggestion by banks to…
Posted in Economy
Exporters in Gift City can retain forex proceeds for 3 months now
Mumbai: The Reserve Bank of India on Monday notified an amendment to Foreign Exchange Management Act (FEMA) regulations, allowing exporters with foreign currency accounts in…
Posted in Economy
FM Sitharaman highlights role of GIFT City as global financial service provider
Finance Minister Nirmala Sitharaman on Monday highlighted the role of IFSC GIFT City as a global financial service provider. During the meeting with top management…