Will A Mint-Fresh Fintech Hub Boost GIFT City, PM Modi's Dream Project?
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India, Feb. 17 -- "The Government would support the development of a world-class fintech hub at the GIFT-IFSC," - Nirmala Sitharaman, Finance Minister, India
Presenting the Union Budget 2021, Finance Minister Nirmala Sitharaman reaffirmed the Indian government's commitment to develop the International Financial Services Centre (IFSC) at the Gujarat International Finance Tech City (GIFT City).
In addition to the tax incentives already provided, the FM further proposed a slew of tax measures, including tax holiday for capital gains for aircraft leasing companies, tax exemption for aircraft lease rentals paid to foreign lessors, tax incentive for relocating foreign funds in the IFSC and tax exemption to investment divisions of foreign bank...
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