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Unified regulator for GIFT City, relaxations to woo AIFs on cards A govt source said SEZ rules are designed mainly for manufacturing and so the first financial SEZ in India at GIFT IFSC is facing regulatory issues The Center is dealing with measures to draw in more players to GIFT City (Gujarat International Finance Tec-City) in Gujarat. A brought together controller for all money related market interests in GIFT City and relaxations for elective venture reserves are among measures that could be reported amid the spending session. Sources said the administration is wanting to declare changes in methods and laws amid the  Interim Budget 2019  session of parliament. The proposition for a bound together controller (just for GIFT city) was made by the Reserve Bank of India two years back. The reason was that diverse controllers have distinctive perspectives on strategies identifying with the residential market, which won’t be plausible for Gift city as it is a ‘sea...

What plastic waste import ban? This loophole leads to influx of PET bottles India banned the import of plastic waste – particularly PET bottles -in 2015 because of an inability to recycle them A legitimate escape clause is permitting a convergence of PET jugs into the nation, notwithstanding a restriction on the import of plastic waste, a New Delhi-based ecological association has guaranteed. While China’s restriction on bringing in plastic waste has constrained different nations to venture up reusing endeavors, India has turned out to be one of the nations whose  plastic waste  imports have expanded “significantly”. An association called the Pandit Deendayal Upadhyay Smriti Manch (PDUSM) has guaranteed India’s imports of plastic pieces from China, Japan, Italy and Malawi for reusing and imports of PET jug scrap and chips has quadrupled. It says that in the monetary year 2016-17, the imports were 12,000 tons. This figure developed to 48,000 tons in FY 2017-18...