4th India-Swiss financial dialogue held virtually ANI | Updated: May 11, 2021 23:35 IST
New Delhi [India], May 11 (ANI): The fourth India-Swiss Financial Dialogue was held here today virtually through video conferencing.
Ajay Seth, Secretary Economic Affairs led the Indian delegation. The delegation from the Swiss side was led by Daniela Stoffel, State Secretary, State Secretariat for International Finance, Switzerland, said an official press release.
The Indian delegation included representatives from Department of Economic Affairs, Department of Revenue, Department of Financial Services and Ministry of External Affairs.
The dialogue, inter-alia, covered sharing of experiences by both countries for collaboration on various aspects including investments, International Financial Services Centre Authority (IFSCA), National Investment and Infrastructure Fund (NIIF), FinTech, sustainable finance and cross border financial services.
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GIFT City/New Delhi: Off the National Highway 8 that connects Ahmedabad with Gujarat’s capital Gandhinagar, a handful of tall, shiny buildings tower over the smaller settlements along the highway.
These skyscrapers are part of the Gujarat International Finance Tec (GIFT) City, the country’s first business district housing an International Finance Service Centre (IFSC) and special economic zone for domestic and international financial services.
The city, built on the banks of the Sabarmati river, was planned across 886 acres and 62 million square feet, with an aim to create 5 lakh direct jobs when complete. The city was going to be India’s attempt to capture business from financial services hubs like Singapore and London by offering investors various incentives to conduct their foreign financial transactions in this hub.
March 01, 2021
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National Stock Exchange of India, Multi Commodity Exchange, BSE subsidiary India INX International Exchange, National Securities Depository and Central Depository Services have signed a Memorandum of Understanding for setting up Market Infrastructure Institutions comprising International Bullion Exchange, Clearing Corporation and Depository at Gujarat International Finance Tec-City (GIFT).
This move is in line with the government’s objective to make India a price-setter in bullion trade through GIFT International Finance Service Centre.
This is in accordance with the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 and other applicable Laws.
Last October, the Centre had notified a Bullion Spot contract and Bullion Depository receipt under the IFSCA Act, 2019. Though NSE, MCX and BSE had expressed interest to set up a bullion exchange separately, the newly appointed regulator the International Financial Services Centre Au
Aircraft leasing business can now take wings out of GIFT City
February 19, 2021
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Regulator issues ‘Framework for Aircraft Operating Lease’, paving way for offshore entities to set up base in IFSCs
The legal decks have been cleared for aircraft leasing businesses to take wings out of Indian shores (GIFT IFSC in Gujarat) with the GIFT City regulator International Financial Services Centre Authority ( IFSCA) on Friday issuing a ‘ Framework for Aircraft Operating Leases’.
This will enable the aircraft operating lease businesses to be set up in International Financial Services Centres (IFSCs) and address the projected market size of more than $ 50 billion for aircraft leasing in the country. Currently, India has only one IFSC in GIFT City in Gujarat.
Biocon, Viatris receive EC approval for biosimilar insulin Kixelle
The centralised marketing authorisation granted by the EC is valid in all EU Member States as well as in the European Economic Area countries Iceland, Liechtenstein and Norway, the statement said.
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. Updated: 12 Feb 2021, 10:33 AM IST PTI
This follows the positive recommendation by the Committee for Medicinal Products for Human Use of the European Medicines Agency, a Biocon said
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Biocon Biologics Ltd.,a subsidiary of Bengaluru-headquartered Biocon Ltd., has announced that Kixelle, a biosimilar insulin aspart co-developed with NASDAQ-listed Viatris Inc., has received marketing authorisation approval from the European Commission.