With numerous legislative reforms, the government has demonstrated a sincere commitment towards achieving Viksit Bharat, or ‘Developed India’ by 2047. While presenting the Union Budget for financial year 2024-25, on July 23, 2024, Finance Minister Nirmala Sitharaman introduced significant changes to enhance ease of doing business in the International Financial Services Centre (“IFSC”), Gujarat International Finance Tec-City (“GIFT City”). This Budget promises a supportive environment for growth and development, thus giving a fillip to aspiring entities, desiring to have a presence in GIFT IFSC.Continue Reading Union Budget boost to GIFT IFSC: Looking at a golden future