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    <title>IFSCA Committee submits interim report on development of international retail business</title>
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    <description>The IFSCA Expert Committee interim report proposes a strategic framework to develop international retail business in the IFSC, initially concentrating on banking and later addressing insurance, asset management and capital markets. It recommends positioning the IFSC as a gateway for global financial flows through progressive, light-touch regulation, competitive taxation and operational ease to attract international investors, the Indian diaspora and clients from Asia and Africa, while serving domestic remittance users and supporting national infrastructure funding goals.</description>
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