Budget announces host of measures to enhance business in IFSC

The Budget 2023-24 proposes an extension of tax benefits to funds relocating to IFSC, GIFT City till March 31, 2025. “For countries looking for digital continuity solutions, we will facilitate setting up of their Data Embassies in GIFT IFSC,” she said during Budget speech. At present, GIFT IFSC is the maiden international financial services centre in India.

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