Economy

Nirmala Sitharaman clears 2 GIFT City proposals

Union Finance Minister Nirmala Sitharaman.   | Photo Credit: PTI

Union Finance Minister Nirmala Sitharaman announced the clearance of two proposals worth ₹469 crore of the International Financial Services Centres Authority (IFSCA) at GIFT City here during her one-day visit on Saturday.

Ms. Sitharaman announced the formal clearance of ₹269.05 crore for supervisory technology fund for IT infrastructure and ₹200 crore for headquarter building, the Ministry of Finance said.

She also underlined the Central government’s commitment to make GIFT City a world-class fintech hub as stated in the Union Budget 2021-22.


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Printable version | Jan 24, 2022 7:22:56 AM | https://www.thehindu.com/business/Economy/nirmala-sitharaman-clears-2-gift-city-proposals/article37603000.ece

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