international financial services centre Current Affairs - 2019

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Key Highlights of Union Budget 2019-20 (Part 2)

TAXES Direct Taxes Performance: India’s Ease of Doing Business (EDB) ranking under ‘Paying Taxes’ category jumped from 172 in 2017 to 121 in 2019. In past 5 years, Direct tax revenue increased by over 78% to Rs. 11.37 lakh crore Tax Slabs: For companies with annual turnover of up to Rs.400 crore, Tax rate reduced Read More…

Month:  Categories: Business, Economy & Banking


Government to set-up a Unified Authority for Regulating Entities in IFSC

The Union Cabinet headed by Prime Minister Narendra Modi has approved setting up of a unified authority for regulating all financial services in international financial services centres (IFSCs) in the country. The government has approved a bill to set up a unified regulator. Fact Box The first IFSC in India was set up at GIFT City in Gandhinagar, Gujarat. Promoting the Ease Read More…

Month:  Categories: Constitution & LawUPSC