Syllabus: GS-III
Subject: Economic Development
Topic: Financial markets: Broad/Overlap
Issue: Listing of securities on International Exchanges.
Context: The Ministry of Finance has introduced a scheme allowing Indian companies to directly list their equity shares on international exchanges at GIFT-IFSC.
Synopsis:
- Aims to boost foreign investment, and broaden the investor base.
- It will enable unlisted public Indian companies to list their shares on permitted international exchanges.
- Facilitated by SEBI and the Ministry of Corporate Affairs.
Take Away Notes (Prelims):
GIFT-City
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