Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
An expert committee set up by the International Financial Services Authority (IFSCA) to suggest ways for the development of international retail business in International Financial Services Centres (IFSC) has submitted its interim report to the Chairperson of the Authority.
This report — which focuses mainly on the banking vertical — suggests that the GIFT IFSC can aim at becoming a gateway to India growth story for international investors and business; serving domestic residents availing liberalised remittance scheme and providing Indian diaspora and individuals from Asia and Africa with a comprehensive range of financial services from the IFSC.
“There is an immense immediate potential to promote international retail business in IFSC, and if done efficiently, it will meet three key objectives – boost job creation, generate additional revenue for India, and attract funds (especially from the Indian diaspora) for building India’s infrastructure. The IFSC must aim to provide best in class jurisdictions and aim to build its competitiveness in terms of key factors like reputation, regulatory environment, taxation and ease of operations,” Pradip Shah, Chairman of the Expert Committee, said in a statement.
Going forward, this expert committee would cover other key business verticals — insurance, asset management and capital markets in subsequent reports.
It may be recalled that Government had constituted the IFSCA with Injeti Srinivas, a retired IAS officer and former MCA Secretary, to develop and regulate the financial services market in the IFSC in India.
Apart from channelising India’s offshore business to the IFSC located at GIFT City and making it the gateway for India-centric international financial services, the objective is to make it a global hub for international financial services on the lines of London, Hong Kong, Singapore and Dubai.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
Sensex and Nifty 50 saw selling interest on Friday and slumped; selling pressure could continue
Investors with a long-term horizon can consider this offer
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
Forget the tuna. The island nation will keep you full and happy with coconut, koftas and jasmine
This year, on Facebook, I saw that someone had posted a list of EASY RESOLUTIONS. I didn’t copy them down but ...
With strokes of quirky humour, Partha Pratim Deb uses pulp, terracotta, glass and discarded cloth to create ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor