https://www.taxtmi.com/news?id=23343 The Committee recommends a roadmap to promote international retail financial services via the IFSC, urging IFSCA to balance regulation with ease of doing business and to prioritise development in initial years. Key banking proposals include permitting retail participation via LRS, enabling IBUs to offer retail and wealth management services, FCY clearing, FPI licences and rupee investments, pre shipment export finance, account services, and removal of liquidity ratio requirements. Insurance and capital markets recommendations include allowing NRIs/PIOs to buy policies from IFSC insurers, promoting a reinsurance hub, lowering capital thresholds for reinsurers, allowing resident investment in IFSC funds and exchanges via LRS, and adopting fund structures like VCCs and a simple safe harbour regime. en-us Wed, 11 Nov 2020 19:00:57 +0530 Wed, 11 Nov 2020 19:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23343 The Committee recommends a roadmap to promote international retail financial services via the IFSC, urging IFSCA to balance regulation with ease of doing business and to prioritise development in initial years. Key banking proposals include permitting retail participation via LRS, enabling IBUs to offer retail and wealth management services, FCY clearing, FPI licences and rupee investments, pre shipment export finance, account services, and removal of liquidity ratio requirements. Insurance and capital markets recommendations include allowing NRIs/PIOs to buy policies from IFSC insurers, promoting a reinsurance hub, lowering capital thresholds for reinsurers, allowing resident investment in IFSC funds and exchanges via LRS, and adopting fund structures like VCCs and a simple safe harbour regime. News - Wed, 11 Nov 2020 19:00:57 +0530 https://www.taxtmi.com/news?id=23343