[ad_1] At the recent Mint Horizons masterclass in Bangalore, a compelling narrative emerged around the urgent need for Indian investors to look beyond domestic markets and embrace a global perspective on wealth, education, and opportunity. The event brought together experts from fintech, wealth management, and immigration, each highlighting why global exposure is no longer a…
[ad_1] Transferring money from India to a foreign account can be cumbersome. Additionally, if the payment exceeds â‚ą7 lakh, tax collected at source (TCS) would be deducted, which could be claimed later. Ram felt that the whole process was too complicated for his retired parents to handle. Fortunately, a solution came from a banker friend…
[ad_1] Stocks of Indian and foreign companies, bonds and other permitted financial products can now be listed on the stock exchanges in the International Financial Services Centre. The International Financial Services Centre Authority (IFSCA) at the Gujarat International Finance Tec-City, or GIFT City, has notified its regulatory framework allowing the listing of such securities and…
[ad_1] Former Infosys CFO Mohandas Pai has drawn the government’s attention to a new regulation by the Gujarat International Finance Tec-City (GIFT) regulator that prevents local family offices from setting up investment funds in the new finance hub. Mohandas Pai says this would hamper global investments. He shared his concern in a social media post…
[ad_1] The International Financial Services Authority (IFSCA), which regulates GIFT City, has proposed a reduction in the minimum ticket size for portfolio management services (PMS) from $150,000 to $75,000, or about â‚ą64 lakh at current exchange rates, according to a consultation paper released on Monday. This brings the minimum ticket size for PMS closer to…
[ad_1] The answer is yes as long as the money is not directly invested in equities. The Union Budget 2024-25 proposed that “retail schemes and exchange-traded funds (ETFs) set up in Gujarat International Finance Tec-City, or GIFT City, will now enjoy tax exemptions along similar lines as available to specified funds”. “Now retail funds in…
