These centres will provide services related to financial products . Krishnapatanam and Tumakuru Industrial Nodes #upsc #ias #ips #learningspacedigital. 1. on International Financial Services Centre (IFSC): Explained, IAS Prelims Mock-Test 2021 – Set 85, 7 January. PIB Summary and Analysis for UPSC Exam. Global Financial Centers (GFCs): These are the centres that sincerely serve clients from all over the world in the provision of the widest possible through the group of organisation e.g., international financial services based in London, New York, Singapore. About IOSCO: The IOSCO is the international organization that brings together the world’s securities regulators, covering more than 95% of the world’s securities markets. With reference to the “India International Exchange” , consider the following statements : 1. Civil Services Exam (CSE) conducted by the Union Public Service Commission (UPSC) is one of the toughest exams in the world. An International Financial Services Centre (IFSC) results in bringing the financial services and transactions to India which are currently being carried out in offshore f. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. UPSC 2021 Online Coaching Classes | Bilingual GS Foundation Batch. Financial services and products will require a more focussed and dedicated regulatory intervention. Shanghai and Dubai. International Financial Service Centre (IFSC) is India’s first its kinds of centre that was commissioned at the Gujarat International Financial Tec (GIFT) City, Gandhinagar. Official web site of the IFSC in Dublin containing information about all companies trading in the IFSC. The report identified International Financial Services Centre (GIFT city) for developing aircraft leasing and financing eco-system in the country. This would result in providing the Indian corporate sector access to global financial markets. Ireland's finance portal for International Financial Services. Aiming for UPSC CSE 2021? The Union Cabinet has approved establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India through International Financial Services Centres Authority Bill, 2019. It was first decided to set up in Mumbai on the basis of the reports of the High Powered Expert Committee (HPEC) in 2007. This can be gauged by the fact that result of this exam is around 0.1%. E-Book: 060 - Economic Growth Development, © Copyright 2009-2019 GKToday | All Rights Reserved. Civil Services (Preliminary) Examination, 2020; General Studies Paper-I; General Studies Paper-II; National Defence Academy and Naval Academy Examination (I) & (II), 2020; General Ability Test; Mathematics; CISF AC(EXE) LDCE-2020; Essay, Precis Writing and Comprehension; The Government of India has established International Financial Services Centre Authority. Benefits of UPSC Civil Services preparation: RAU’S IAS Study Circle; ... International Financial Services Centre Authority (IFSC Authority) has invited applications from those applicants who had reached the final stage of CSE exam but could not be in the final merit. 2. All these centres are ‘international’ in the sense that they deal with the flow of finance and financial products/services across borders. But it was commissioned in Gandhinagar, Gujarat and Gujarat became India’s first International Financial Service Centre (IFSC). The Central Government may approve the setting up of an International Financial Service Centre in a Special Economic Zone and may prescribe the requirements for setting up and operation of such centre. The headquarters of the authority is to be established in Gandhinagar, Gujarat. 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