of the International Financial Services Centres Authority( IFSCA) at GIFT City here during her one

GIFT city regulator International Financial Services Centres Authority( IFSCA) has invited comments

Union Finance Minister Nirmala Sitharaman on Saturday said a comprehensive legal framework will soon be in place to enable accounting, auditing and taxation professionals to provide services from GIFT City, turning it into a global hub for accounting and financial back-office functions.... She asked the Reserve Bank of India to pilot the import of tariff rate quota( TRQ) gold under the Comprehensive Economic Partnership Agreement( CEPA) with the United Arab Emirates through IIBX to pave the way

The Insurance Regulatory and Development Authority of India( IRDAI) has chosen to lower the minimum capital requirement for Foreign Reinsurance Business( FRBs) to Rs 50 crore from Rs 100 crore.... “ The reduction in the capital requirement from the overseas reinsurers will definitely increase the number of reinsurers present in India, which was a long-standing demand from the industry, ” said Salil Das, Director of Reinsurance at Alliance Insurance Brokers.... As a result, they must raise fina

Organisers of the Global Fintech Fest( GFF) announced on Friday that the fintech festival aims to facilitate funding of over$ 10 million to start-ups in the fintech sector at the upcoming three-day event, scheduled from September 5-7 this year in Mumbai.... " In the start-up category, about$ 10 to 20 million funding will happen at the event itself," said Naveen Surya, a GFF organiser and advisory board member, to PTI.... Despite this decrease, the sector contributed more than 84 per cent of th

@ nsitharamanaddresses the Roundtable on' Investment Opportunities in India'at the New York Stock Exchange@ NYSE, the oldest and the largest Stock Exchange in the World, with around 11 Indian companies listed on it.... Going into the# AmritKaal towards# ViksitBharat in 2047, FM Smt.... She had also participated in the India-Mexico Trade and Investment Summit. Earlier in September, the Ministry of Finance notified the new Foreign Exchange( Compounding Proceedings) Rules 2024 to simplify rules a

The multilateral institution said the US tariffs will shave growth in the region by a third of a percentage point in 2025 and a full percentage point in 2026.... In its annual outlook report released Wednesday, numbers for which were calculated before the April 2 tariff announcements by President Donald Trump, ADB forecast growth in emerging Asia to moderate to 4.9% in 2025 and 4.7% in 2026.... This will get further revised down in its report in July, ADB’s Chief Economist Albert Park said in