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<h1>Cabinet Withdraws 2019 IFSC Authority Bill from Rajya Sabha to Reintroduce in Lok Sabha for Unified Regulation.</h1> The Union Cabinet, led by the Prime Minister, approved the withdrawal of the International Financial Services Centres Authority Bill, 2019 from the Rajya Sabha to introduce it in the Lok Sabha. This move aims to establish a unified regulatory authority for financial services in International Financial Services Centres (IFSCs) in India, which are currently overseen by multiple regulators like RBI, SEBI, and IRDAI. The unified authority is expected to enhance regulatory coordination, facilitate ease of doing business, and align with global best practices, thereby promoting the development of financial services and products in IFSCs.