India INX and NSE IFSC are planning to launch trading in international stocks to provide new opportunities to retail investors.
August 11, 2021The proposed amendments seek to clarify the obligations of SGX-DT trading members when accessing GIFT Connect to trade Nifty derivatives.
June 11, 2021Off-market transfers lower the costs associated with relocating funds to Gift City and make it a more attractive investment destination.
June 7, 2021NSE, India INX, MCX, NSDL and CDSL have agreed to set up a bullion exchange, clearing corporation and depository at GIFT City.
March 5, 2021Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.
February 18, 2021Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.
February 10, 2021The budget includes the establishment of a ‘bad bank’ to take over banks' bad assets and a plan to inject INR 200 billion into state lenders.
February 2, 2021HSBC was the first global bank to obtain a licence from the IFSCA, set up in April 2020 as a unified authority for GIFT City financial services.
January 29, 2021The IFSCA was established in April 2020 as a unified authority to regulate all financial services in Gift City, India’s international financial services centre.
January 6, 2021All entities operating in the capital market, banking, insurance and pension sectors, as well as individuals and startups from India and FATF-compliant jurisdictions, are eligible.
October 23, 2020