1. Home
  2. Current Affairs
  3. News Crux
  4. GIFT IFSC

GIFT IFSC

  • 30 Mar 2024

On 26th March, a report on developing GIFT IFSC as 'Global Finance and Accounting Hub' was submitted to IFSCA Chairperson.

  • Ministry of Finance notification includes bookkeeping, accounting, taxation, and financial crime compliance as financial services under IFSCA Act, 2019.
  • Committee, chaired by President of ICAI, includes experts from industry, academia, and government.
  • Recommendations include comprehensive regulatory regime and measures for enhancing skills and competencies of workforce.
  • GIFT IFSC has potential to become a global hub for finance, accounting, taxation, and compliance services, creating employment opportunities.