Indian Finance: Updated on 05.04.17:Gift City Gandhinagar Source of Funds for India, Creation of Infrastructure.
India requires 2-3 trillion US$ for Manufacturing, for Infrastructure etc over the next Ten years, O ne trillion US$ can be raised through GIFT City. For that purpose- BSE International exchange at GIFT:- It will compete with Global Financial hubs like Dubai, Singapore, Hong- Kong, US and London . It is running 22 hours a day to overcome Competition from Different Time Zones. A S eparate company with a Separate Board, CEO, Clearing Corporation & Team. Sensex 50, an index recently created. A Trading Centre having Derivatives, Commodities and Currency. Shifting of Country's Equity, Currency & Commodity trading from International Tax Heavens to National Exchange. To help Foreigners do things in a regulatory environment, Ease of Operations under Implementation. Some of them have already happened with Sebi, RBI and IRDAI all other regulators creating newer regulations. Corporate Affairs Ministry has c...