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Rajeev Kher Chairs IFSCA Committee to Make GIFT City a Global Trading Hub

Published on May 24, 2024
Current Context: The International Financial Services Centres Authority (IFSCA) set up an expert committee on 22nd May 2024 to position GIFT IFSC in Gujarat as a ‘Global Trading Hub’.
Rajeev Kher Chairs IFSCA Committee to Make GIFT City a Global Trading Hub
  • The committee is chaired by Mr. Rajeev Kher, a former Commerce Secretary.
  • The committee’s mandate is to propose steps to promote GIFT IFSC as a Global Commodity Trading Hub, identify key groups of commodities for priority development in the IFSC ecosystem, and comprises distinguished members from various sectors.
  • The initiative aims to facilitate IFSC’s financial integration with global trade flows, capitalise on integration opportunities with major commodity hubs and attract global investment flows into IFSC.

Question:

1. What is the main objective of the expert committee set up by the IFSCA?

  • A) To establish a new IFSC in Mumbai
  • B) To promote tourism in Gujarat
  • C) To position GIFT IFSC in Gujarat as a ‘Global Trading Hub’
  • D) To regulate the stock market in India
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