Singapore and Hong Kong have emerged as financial services hubs in Asia. Setting up the GIFT-IFSC and subsequently vesting the powers in a unified regulator, the International Financial Services Centres Authority (IFSCA), was a key step in the right direction to developing India as a global financial hub.
Sebi bars Vijay Mallya from accessing securities market for 3 years
According to the order, Mallya is prohibited from buying, selling, or dealing in securities directly or indirectly, and from being associated with the securities market