Context
The foundation stone of the headquarters building of the International Financial Services Centers Authority (IFSCA) was recently laid by the prime minister in GIFT City in Gandhinagar.
Analysis
What is Bullion?
What is Bullion Exchange?
What is IIBX?
Significance of IIBX:
Who can trade on the IIBX?
How will it work?
What is GIFT City?
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What was the status till now?
What advantages will it bring?
What are the new RBI guidelines for importing gold?
Conclusion
India needs more such initiatives for increasing its forex reserves and thus investing in its growth and development.
Verifying, please be patient.