Tag: Centres

Expert committee on financial services centres submits interim report on development of international retail business

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a display in a store: Expert committee on financial services centres submits interim report on development of international retail business

© Jocelyn Fernandes
Expert committee on financial services centres submits interim report on development of international retail business

An expert committee on the International Financial Services Centres Authority (IFSCA) submitted its report on international retail business development to the chairperson of the IFSCA.

According to a statement issued by the government, the interim report covers a number of suggestions aimed at swift and efficient development of international retail businesses in the international financial centres (IFSC), and focuses mainly on the banking vertical.

Other key business verticals like insurance, asset management, and

capital markets, would be covered in reports that the committee plans to release subsequently.

“Our focus is to provide a best in class jurisdiction with progressive and light touch regulation to create an attractive location for international financial services. Our vision is to establish GIFT IFSC as a Dominant Gateway for global financial flows into and out of India,

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African Development Bank, IFAD support government to establish business resource centres

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Business News of Saturday, 19 September 2020

Source: GNA

2020-09-19

Minister of Trade and Industry, Mr Alan Kyerematen was the special guestMinister of Trade and Industry, Mr Alan Kyerematen was the special guest

The African Development Bank and International Fund for Agricultural Development (IFAD) are funding the establishment of 67 business resource centres (BRCs) across the country through the Rural Enterprises Programme.

The project, under the Ministry of Trade and Industry, has so far seen the completion of 37 BRCs, financed by the African Development Bank, at an estimated cost of $14.6 million covering building, furnishing and office equipment.

Additional 30 BRCs are under construction across the country, financed by IFAD, which is also funding the operationalisation of the initial 37 centres.

The 37 completed centres have commenced operations since August 2020 as one stop enterprise support centres at the district level, providing a broad range of business development services to potential and existing entrepreneurs and enterprises.

They also operate as

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Odisha govt arm claims inconsistencies in Centre’s ‘business reform’ rankings

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In a statement, IPICOL has said that it will seek further details and clarification on the evaluation methodology from the Department for Promotion of Industry and Internal Trade (DPIIT).

“There seems to be an incongruency in the results as states/UTs which have implemented

no/much lower number of reforms have been ranked higher than states which have implemented significant reforms. Further details and clarifications on the evaluation methodology will be sought from DPIIT, Government of India, on the results announced,” it said.

As per the Business Reform Action Plan (BRAP) rankings for 2019 released on Saturday, Odisha dropped 15 positions to the 29th spot.

The statement also said that these are dated rankings for reforms implemented by various states in 2018 and over the past two years, a significant number of reforms has been implemented by various government departments of Odisha.

“The conducive business environment in the state is also reflected

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