International Bill of Financial Services has Been Passed by Lok Sabha

Lok Sabha passed the International Financial Services Centers Authority Bill, 2019 on December 11, 2019. The bill proposes the setting of an authority to develop and regulate the financial services market in the International Financial Services Centers (IFSCs) in India. The bill will apply to all the International Financial Services Centers in India, which were set up under the Special Economic Zones Act, 2005.

The International Fina....