India News | PM Modi to Launch India's First International Bullion Exchange in Gujarat

Get latest articles and stories on India at LatestLY. Prime Minister Narendra Modi will visit India's first International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar on Friday.

Agency News PTI|
India News | PM Modi to Launch India's First International Bullion Exchange in Gujarat
Train Derails (Photo Credits: ANI)

Ahmedabad, Jul 29 (PTI) Prime Minister Narendra Modi will visit India's first International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar on Friday.

Also Read | Battlegrounds Mobile India (BGMI) Removed From Google Play Store & Apple App Store in India.

-->

India News | PM Modi to Launch India's First International Bullion Exchange in Gujarat

Get latest articles and stories on India at LatestLY. Prime Minister Narendra Modi will visit India's first International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar on Friday.

Agency News PTI|
India News | PM Modi to Launch India's First International Bullion Exchange in Gujarat
Train Derails (Photo Credits: ANI)

Ahmedabad, Jul 29 (PTI) Prime Minister Narendra Modi will visit India's first International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar on Friday.

Also Read | Battlegrounds Mobile India (BGMI) Removed From Google Play Store & Apple App Store in India.

During his visit, Modi will launch 'India International Bullion Exchange (IIBX)', the country's first international bullion exchange, the Gujarat government said in a release.

Also Read | Road Accident Deaths in India: 5.82 Lakh People Lost Lives in 17 Lakh Road Accidents in 4 Years, Says Nitin Gadkari in Parliament.

This exchange will facilitate efficient price discovery with the assurance of responsible sourcing and quality, apart from giving impetus to the financialisation of gold in India, a statement by the IFSC Authority said.

The prime minister will also lay the foundation stone for the headquarters building of the International Financial Services Centres Authority.

Apart from that, Modi will launch NSE IFSC-SGX Connect platform. Under this system, all orders on Nifty derivatives placed by members of Singapore Exchange Limited (SGX) will be routed to and matched on the NSE-IFSC order matching and trading platform.

The Connect platform will deepen liquidity in derivative markets at GIFT-IFSC.

Gujarat Chief Minister Bhupendra Patel, Union Minister of Home Affairs and Co-operation Amit Shah, Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, Union Ministers of State for Finance Pankaj Chaudhary and Bhagwat Kishanrao Karad will attend the events, the release said.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

  • INR
  • USD
  • EUR
View all
City Petrol Diesel
New Delhi 96.72 89.62
Kolkata 106.03 92.76
Mumbai 106.31 94.27
Chennai 102.74 94.33
View all
Currency Price Change
  • INR
  • USD
  • EUR
View all
City Petrol Diesel
New Delhi 96.72 89.62
Kolkata 106.03 92.76
Mumbai 106.31 94.27
Chennai 102.74 94.33
View all
Currency Price Change
Google News Telegram Bot
Close
Latestly whatsapp channel