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Govt paves way for IFSC units to issue P-notes to foreign investors

Summary by Times of India
Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday recognised "offshore derivative instruments (ODIs) as valid contracts" in order to enhance business activities in the Gujarat International Finance Tec-City (GIFT City).
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Times of India broke the news in India on Thursday, February 2, 2023.
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