SEBI proposes to allow IFSCA regulated FPIs to accept higher levels of investment from Indian citizens residing overseas.
August 28, 2023Nirmala Sitharaman reviews GIFT City’s progress, saying a legal framework for accounting, auditing, and taxation professionals will soon be in place.
August 22, 2023More financial companies from Singapore are expected to enter India’s Gujarat International Finance Tec-City (GIFT City) following the launch of a new cross-border trading link between India and Singapore.
July 18, 2023The proposed regulations cover authorisation, supervision, governance arrangements, and risk management.
June 14, 2023The TechSprint, hosted on the FCA's digital sandbox, will seek to develop a tool or solution to help tackle greenwashing risks in financial services.
April 12, 2023GIFT City members and their clients will be able to access institutional-grade USD bonds via BondbloX Exchange.
February 28, 2023The budget includes a revamp of India's credit guarantee scheme for MSMEs and new incentives to draw companies to GIFT City.
February 6, 2023The framework is designed to promote the consistency, comparability, and reliability of disclosures from ESG funds operating in India's maiden international financial services centre.
January 31, 2023FPIs will be allowed to invest in mutual fund schemes except those categorised as "thematic", purportedly to prevent higher volatility for entire sectors.
January 12, 2023To date, resistant entities in India have not been permitted to hedge their gold price exposures in overseas markets.
December 13, 2022