CURRENT AFFAIRS

Detailed explanation-1: -Prime Minister Shri Narendra Modi laid the foundation stone of the headquarters building of the International Financial Services Centres Authority (IFSCA) in GIFT City, Gandhinagar. He also launched the India International Bullion Exchange (IIBX), India’s first International Bullion Exchange in GIFT-IFSC.

Detailed explanation-2: -The India International Exchange Limited (India INX) is India’s first international stock exchange which is under the ownership of Ministry of Finance, Government of India. It is located at the International Financial Services Centre, GIFT City in Gujarat.

Detailed explanation-3: -In 2008, the then-Gujarat Chief Minister Mr. Modi first announced that the state government would build a ‘Nano city’ and the Gujarat International Finance Tec-City (GIFT) at Gandhinagar.

Detailed explanation-4: -Conceptualised in 2009 & foundation stone laid in 2012, Gujarat International Finance Tec (Gift) city remains a patchwork of state-of-the-art facilities & under-construction centres.

Detailed explanation-5: -India International Bullion Exchange (IIBX) is India’s first bullion exchange, launched on 29 July 2022 in Gujarat. IIBX was launched in the International Financial Services Center (IFSC). It is the 3rd exchange of its kind in the globe. Ministry of Finance, Government of India.