NSE IFSC-NSE International Exchange
NSE IFSC-NSE International Exchange
Subject: Economy
Section: Capital Market
NSE IFSC is launching an international sustainability platform, a first-of-its-kind ESG platform in India, at GIFT IFSC.
Details:
The platform will facilitate the listing and trading of a variety of sustainability products including green bonds, voluntary carbon, sustainable bonds, green RE-ITs and green equity, and channelise the flow of sustainable finance to India and other markets.
Locating it in GIFT City will facilitate international investors to participate in environment, social and governance (ESG) transitions in India and other markets.
The platform will use distributed ledger technology (DLT) or blockchain to ensure integrity, speed, tracking and traceability of transactions.
NSE IFSC-NSE International Exchange
NSE IFSC Limited (NSE International Exchange) incorporated on November 29, 2016 by the Registrar of Companies, Gujarat. It is a fully owned subsidiary company of National Stock Exchange of India Limited (NSE) and has received approval from Securities and Exchange Board of India (SEBI) to establish an international exchange in Gujarat International Finance Tech City (GIFT) – International Financial Service Centre (IFSC) Gandhinagar. GIFT city.
Benefits:
Exchange and Financial Services units located in GIFT IFSC are offered competitive tax structure and facilitative regulatory framework. The benefits include exemptions from security transaction tax, commodity transaction tax, dividend distribution tax, capital gain tax waivers and no income tax.
Stock exchanges operating in the GIFT IFSC are permitted to offer trading in securities in any currency other than the Indian rupee. Subject to SEBI/IFSCA approval, trading is permitted in equity shares of companies incorporated outside of India, depository receipts, debt securities of eligible issuers, currency, index, interest rate and non-agriculture commodity derivatives and all categories of exchange traded products that are available for trading in stock exchanges in FATF/ IOSCO complaint jurisdiction.
What Is Blockchain Technology?
Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger.’ Every transaction in this ledger is authorized by the digital signature of the owner, which authenticates the transaction and safeguards it from tampering. Hence, the information the digital ledger contains is highly secure.
In simpler words, the digital ledger is like a Google spreadsheet shared among numerous computers in a network, in which the transactional records are stored based on actual purchases.
Blockchain is a combination of three leading technologies:
- Cryptographic keys-It consist of two keys – Private key and Public key. These keys help in performing successful transactions between two parties. Each individual has these two keys, which they use to produce a secure digital identity reference. This secured identity is the most important aspect of Blockchain technology. In the world of cryptocurrency, this identity is referred to as ‘digital signature’ and is used for authorizing and controlling transactions.
- A peer-to-peer network containing a shared ledger-The digital signature is merged with the peer-to-peer network; a large number of individuals who act as authorities use the digital signature in order to reach a consensus on transactions, among other issues. When they authorize a deal, it is certified by a mathematical verification, which results in a successful secured transaction between the two network-connected parties. So to sum it up, Blockchain users employ cryptography keys to perform different types of digital interactions over the peer-to-peer network.
- A means of computing, to store the transactions and records of the network