Business Standard

Budget 2022: Int'l arbitration centre to be set up at GIFT City, says FM

Finance Minister Nirmala Sitharaman on Tuesday announced that an international arbitration centre will be set up at GIFT City to provide faster dispute resolution.

Nirmala Sitharaman

Press Trust of India New Delhi

Finance Minister Nirmala Sitharaman on Tuesday announced that an international arbitration centre will be set up at GIFT City to provide faster dispute resolution.

In addition, a world-class university to be allowed in GIFT IFSC (International Financial Services Centre) free from domestic regulation, she said while presenting the Union Budget 2022-23.

Currently, GIFT-IFSC is the maiden international financial services centre in India.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 01 2022 | 1:00 PM IST

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