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IFSC Authority allows non-bank FPIs to issue derivatives in GIFT-IFSC

This move comes as a follow-up to the announcement made by Finance Minister Nirmala Sitharaman during the Budget Speech of 2023-24, wherein ODIs issued in GIFT-IFSC were recognised as valid contracts
Nirmala Sitharaman International Financial Services Centres Authority Finance Minister Nirmala Sitharaman Budget Speech Offshore Derivative Instruments Securities Contracts

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