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BUDGET 2023 IFSC
Budget 2023-24: Record growth push, historic rail outlay, new tax regime becomes defaultUnion Budget 2023-24 presented a strong growth agenda with record capital expenditure, a historic allocation for Indian Railways and signif...
India plans more incentives for aircraft leasing in GIFT CityIndia plans to extend the tax holiday for aircraft leasing firms in GIFT City to 15 years, aiming to capture a larger share of the global m...
IndiGo approves Rs 7,294 crore investment in InterGlobe Aviation Fin Services to acquire aircraft assetsIndiGo is investing Rs 7,294 crore in its subsidiary IndiGo IFSC. This capital infusion will allow IndiGo to directly own aircraft. The mov...
Union Budget 2025's tax dilemma and expectations for Viksit BharatIndia Budget: The Union Budget 2025 is eagerly anticipated, with significant expectations from the banking and financial sectors. Key propo...
RBI issues guidelines for foreign investors looking at Sovereign Green BondsThe Reserve Bank of India (RBI) has laid the ground rules for selling sovereign green bonds to foreign investors through International Fina...
Ship leasing in GIFT city to get a boost from variable capital company structure proposalThe central government's upcoming ship owning and leasing entity is set to gain from new permits for companies with a variable capital stru...
Budget 2024: Tax holiday for startups, sovereign funds extended by 1 yearThe tax holiday scheme for startups, announced for the first time in the Union Budget 2017, offers 100% tax rebate to eligible startups on ...
Budget 2024: Key takeaways for tech and startup sectorsIn her Budget speech, finance minister Nirmala Sitharaman announced a slew of policy measures, including a corpus of Rs 1 lakh crore with a...
Budget expectations from AIFs, mutual fund industry and IFSC in Gift CityOn 1 February 2024, Finance Minister Nirmala Sitharaman will present her interim budget in India's election year. The focus is on making In...
Budget 2024: A perspective on direct tax to ponderThe government may make procedural amendments in the interim budget to bring clarity to the International Financial Services Centre (IFSC) ...
Don't disincentivise private investing by making capital gains tax higher than public markets: Gopal SrinivasanGopal Srinivasan says the reduction in private equity funding in 2023 is seen as a cleansing process, with buyout activity and focus on ene...
35L refund cases 'held up' for various reasons; I-T dept call centre working to resolve: CBDT chairpersonAround 3.5 million refund cases are currently held up by the Income-Tax Department due to mismatched bank accounts. The department is reach...
Total banking transactions at GIFT IFSC reach USD 508 billion by July 2023Total banking transactions at GIFT International Financial Services Centre (IFSC) here reached USD 508 billion till July 2023, an official ...
Finance minister Sitharaman to review state of economy at FSDC meeting on MondayNew Delhi, May 7 (PTI) Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a me...
On the Tax Front: Simplification, Stability, RationalisationIn this context, the tax proposals in the budget were focused on providing continuity and stability, albeit with some important changes. De...
Govt paves the way for p-notes in Gift City"Due to SCRA limitations, branches of foreign banks were unable to issue p-notes from IFSC and were therefore unable to move their trading ...
Budget announces host of measures to enhance business in IFSCThe Budget 2023-24 proposes an extension of tax benefits to funds relocating to IFSC, GIFT City till March 31, 2025. "For countries looking...
Budget 2023, a precision targeted dose for long-term cure!The government has yet again been fiscally disciplined and maintained the fiscal deficit target of 6.4% in the revised estimate for FY 2022...
Economic Survey 2023 sees RBI’s digital currency as a booster shot for financial servicesThe Survey said the introduction of Central Bank Digital Currency (CBDC) will provide a boost to digital financial services by laying the f...
Budget 2023: Boosting stability in financial sector amidst global uncertaintyUnion Budget 2023: The financial services sector is the backbone of any economy as it responds dynamically to movements in the global econo...