Current Affairs · Financial Markets and GIFT City
Based on the strategic launch of dollar-denominated Sensex derivatives by India INX at GIFT City IFSC, which of the following combinations of operational features and tax exemptions is explicitly offered to attract non-resident investors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A 22-hour trading window integrated with zero securities transaction tax (STT), stamp duty, and GST, as well as no capital gains tax on exchange-traded derivatives for non-resident investors.✓
- 2An 18-hour trading window providing waivers on currency conversion complexities, zero stamp duty, and full exemption from corporate tax for its 61 active members.
- 3A 22-hour trading window offering zero GST, combined with standard capital gains tax rates applied to exchange-traded derivatives for international investors.
- 4A 24-hour trading window featuring zero securities transaction tax (STT) and stamp duty, alongside a standard capital gains tax for non-resident investors.
Correct answer
A 22-hour trading window integrated with zero securities transaction tax (STT), stamp duty, and GST, as well as no capital gains tax on exchange-traded derivatives for non-resident investors.
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