FSCA has made a committee to recommend ways for the expansion of Sustainable Finance Hub.
Highlights
The committee is headed by C.K. Mishra, Former Secretary of Ministry of Environment, Forest & https://exam.pscnotes.com/Climate-change”>Climate Change with 10-members, who will recommend ways to develop a sustainable financial hub.
The committee has members from the sustainable finance sectors.
GIFT City
GIFT-City means Gujarat International Finance Tec-City. it’s in Gandhinagar, Gujarat
It is the primary International Financial Services Centre in India.
GIFT-City is seen as a worldwide hub for sustainable finance and an opening to bring Foreign Trade to India.
This committee was found out because raising financial Resources for global climate change adaptation and its mitigation needs the active participation of international investors.
IFSCA
International Financial Services Centres Authority (IFSCA) was found out by the govt of India in 2020, to develop and regulate international financial services centers in India.
The main goal of IFSCA is to market easily doing business across IFSC and to supply a world-class regulatory environment.