India’s first International Financial Services Centre (IFSC) at GIFT City in Gandhinagar, Gujrat became operational on 10th April 2015. 

Finance Minister Arun Jaitley unveiled rules and regulations for this global financial hub.

Always Seek Knowledge:

• The regulations are aimed at creating a vibrant IFSC on the lines of those in Dubai and Singapore.
• It will also check the flight of trading in rupee and Indian securities to such offshore financial hubs.
• They will also allow individual and institutional investors from India and abroad, including NRIs to trade.
• They will allow foreign and Indian stock exchanges to set up separate bourses within IFSC as subsidiaries.
• Relaxes capital and other requirements for some time in order to facilitate exchanges, clearing corporations and depositories to set shop in the IFSC.
• Allows alternative investment funds and mutual funds that have set up in the IFSC to invest in the securities listed there.