Definition
Securities Transaction in IFSC GIFT City
GIFT City is India's International Financial Services Centre, an enclave with a distinct regulator and tax incentives to attract global financial business.
The Gujarat International Finance Tec-City (GIFT City) hosts India's International Financial Services Centre (IFSC), where financial activity is conducted largely in foreign currency and treated as offshore for many regulatory and tax purposes. A unified regulator, the IFSCA, oversees banking, capital markets, insurance and funds there.
The centre offers tax concessions and a lighter regulatory regime to draw business that might otherwise be done in Singapore or Dubai, including aircraft leasing, bullion trading and fund management. It is a key plank in India's ambition to become a global financial hub.
Related terms
- SEBISEBI is the Securities and Exchange Board of India, the statutory regulator of the securities markets, protecting investors and overseeing exchanges, intermediaries and listed companies.
- Reserve Bank of India (RBI)The RBI is India's central bank and monetary authority, responsible for issuing currency, setting policy rates, regulating banks and managing the government's debt.
- Special Economic Zone (SEZ)A Special Economic Zone is a designated enclave treated as foreign territory for trade and duties, offering tax and regulatory benefits to boost exports.
Plain-English explainer from The Dispatch Investors Encyclopedia. General information, not financial advice.