Mohandas Pai asks PM Modi to intervene as GIFT city halts approval

Mohandas Pai asks PM Modi to intervene as GIFT city halts approval

Former Infosys CFO Mohandas Pai has drawn the government’s attention to a new regulation by the Gujarat International Finance Tec-City (GIFT) regulator that prevents local family offices from setting up investment funds in the new finance hub. Mohandas Pai says this would hamper global investments. He shared his concern in a social media post on … Read more

GIFT City regulator proposes lower PMS ticket size, opens door to retail funds

GIFT City regulator proposes lower PMS ticket size, opens door to retail funds

The International Financial Services Authority (IFSCA), which regulates GIFT City, has proposed a reduction in the minimum ticket size for portfolio management services (PMS) from $150,000 to $75,000, or about ₹64 lakh at current exchange rates, according to a consultation paper released on Monday. This brings the minimum ticket size for PMS closer to the … Read more