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In December 2015 the first International Financial Services Centre (IFSC) in India was set up in Gujarat International Finance Tec-City (GIFT City). [5] In 2019 the Government of India enacted an Act of Parliament called the International Financial Services Centres Authority Act, 2019.
Unified Payments Interface (UPI) Product type Instant inter-bank payment system Owner National Payments Corporation of India Produced by National Payments Corporation of India Country India Introduced 11 April 2016 ; 8 years ago (2016-04-11) Website www.upichalega.com Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by ...
A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. [1] Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours.
Kapil Mohan (IAS) Kapil Mohan is a 1990 batch Indian civil servant. He has served in the Ministry of Power for the Government of India during which he implemented the Restructured Accelerated Power Development & Reforms Program (RAPDRP) and the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY). [citation needed] Currently he is the Principal ...
History. The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.Before it came into existence, the Controller of Capital Issues was the market's regulatory authority, and derived power from the Capital Issues (Control) Act, 1947.
Karnataka (/ k ər ˈ n ɑː t ə k ə /; ISO: Karnāṭaka, Kannada: [kɐɾˈnaːʈɐkɐ]), also known colloquially as Karunāḍu, is a state in the southwestern region of India. It was formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, and renamed Karnataka in 1973.
Banks Board Bureau (BBB) (now replaced by Financial Services Institution Bureau since 2022) was an autonomous body of the Government of India tasked to search and select appropriate personages for the Board of Public Sector Banks, Public Sector Financial Institutions, and Public Sector Insurance Companies and recommend measures to improve Corporate Governance in these Institutions.
The executive wing has 8 departments: engineering, health, revenue, town planning, finance, birth and death, election and day-NULM. Civic utilities. The masterplan of the city is developed by the Urban Development Department, State of Karnataka. Kodikannur tank in the north of the city is its main source of water supply.