Which city is called the gift city in India?

Gujarat International Finance Tec-City (GIFT City) is a business district on the banks of the Sabarmati river in Gujarat state, India. GIFT City aims to be a 'smart city' for India's growing finance and technology sectors.

Which city is called the holy city in India?

Varanasi (Hindi pronunciation: [ʋaːˈraːɳəsi], also Benares, Banaras Hindustani pronunciation: [bəˈnaːrəs]), or Kashi, is a city on the Ganges river in northern India that has a central place in the traditions of pilgrimage, death, and mourning in the Hindu world.

What is GIFT City India for NRI?

What are the tax benefits for NRIs investing in GIFT City? Investing in GIFT City comes with several tax benefits, including a 100% tax holiday for any 10 years out of 15 (for companies), concessional LTCG rates on specific investments, exemptions on STT and CTT, and no TDS on certain incomes.

What is the benefit of GIFT City in India?

It offers world-class infrastructure, smart city elements, and tax incentives, making it an attractive destination for financial and tech enterprises. NRIs can benefit from investment opportunities, tax exemptions, and banking services like IDFC FIRST Bank's international banking unit in GIFT City.

Which city is called the city of love in India?

Why is Dehradun the City of Love. Perched at an elevation of 640m above sea level, Dehradun is the capital city of one of northern India's most beautiful states, Uttarakhand.

Why Gujarat’s Gift City is a GAME CHANGER for INDIA? : Economic Case Study

Which is the golden city of India?

Jaisalmer is a city in the Indian state of Rajasthan. It is nicknamed "The Golden city".

Which city is called the Sweet City of India?

Land of Lychees, Sweet City – Muzaffarpur

This warm and temperate city in Bihar is known for the best in taste Lychees. The climate favours the production of this vitamin-rich fruit that Muzaffarpur shares its bounty within India and exports to the rest of the world.

Can Indian residents invest in GIFT City?

Can NRIs And OCIs Invest in Gift City Funds? After the Securities and Exchange Board of India (SEBI) has relaxed the regulations of foreign investment in the Gift City, NRIs and OCIs now invest in the Gift City funds.

What is India's gift to the world?

Among India's greatest gifts to the world is Yoga. More than physical exercise, Yoga is a way of life, offering mental clarity, emotional stability, and spiritual peace.

Is there no tax in GIFT City?

Under Section 10(4E) (Finance Bill 2025), GIFT City offers 100% income-tax exemption on profits from OTC derivatives and offshore derivative instruments. Capital gains taxed at 9–15% and dividend income at just 7.5–10%, versus 20–30% on mainland investments.

Can NRI buy property in India without visiting?

A non-resident Indian may purchase residential and commercial property in India without restriction. NRIs can pay through standard banking channels by transferring funds from a foreign bank account, or they can use the funds in their NRE/NRO accounts.

How many days does a NRI stay in India?

Who is a Non-Resident in India? If you do not satisfy the condition laid out above for a person to be considered a resident in India - you will be considered a NON-RESIDENT INDIAN (NRI). Thus, if you stay in India for less than 182 days, you will be considered an NRI.

Can an NRI inherit property in India?

NRIs are permitted to inherit and hold immovable properties in India in accordance with applicable laws. It is advisable to engage the services of a lawyer who is an expert in inheritance related regulations in India.

Which city is called Heaven in India?

Those who have witnessed the quaint landscapes of Kashmir will never ask why Kashmir is called heaven on earth. From the distant mountain range of Pir Panjal and thickly scented Kashmir cypress branches to the gushing rivers and verdant meadows, each corner of Kashmir is filled with natural wonders.

Which is the oldest city in India?

Varanasi, is often regarded as the oldest city in India, wih a history that dates back over 3,000 years. Situated on the banks of the Ganges River, it is a significant pilgrimage site for Hindus.

Why is Varanasi called the city of death?

The land of Varanasi (Kashi) has been the ultimate pilgrimage spot for Hindus for ages. Hindus believe that one who is graced to die on the land of Varanasi would attain salvation and freedom from the cycle of birth and re-birth.

Which country is in favour of India?

Strategic partners

Countries considered India's closest include the United Arab Emirates, Russian Federation, Israel, Afghanistan, France, Bhutan, Bangladesh, and the United States. Russia is the largest supplier of military equipment to India, followed by Israel and France.

What brings the most money to India?

In FY24, over half of India's remittances came from advanced economies, including the United States of America, United Kingdom, Singapore, Canada, and Australia, signalling a shift in the global remittance landscape.

Did India used to be the richest country in the world?

Before the British invasion in the 17th century, India was the richest nation in the world, flourishing in trade, culture, and resources. Among its many powerful kingdoms, the Vijayanagar Empire (1336–1565) stood as the wealthiest and most influential.

Which currency is allowed in GIFT City?

In which currencies can I open a Term Deposit Account? ICICI Bank GIFT City offers deposits in US Dollar (USD), Great Britain Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), UAE Dirham (AED), Australian Dollar (AUD), Hong Kong Dollar (HKD), and Singapore Dollar (SGD).

What business are allowed in the GIFT City?

Companies from Financial Services, Technology and all other services sector will be targeted as potential occupants within the city. The IFSC unit at GIFT City is non-resident under extant Forex Management regulations. It provides a conducive regulatory environment for foreign and domestic banks.

Can a resident Indian invest abroad?

A resident individual may make Overseas Investment in the manner and subject to the terms and conditions prescribed in Schedule III. Overseas Investment by person resident in India other than Indian entity and resident Individual.

Which city is called Little England in India?

Thally village is fully surrounded by number of hill stations in Denkannikottai thaluk this place is located 1000ft above the sea level salubrious weather is remembering England climate therefore during the British regime onwards this place we call it as “Little England”.

Which city of the UK is called Little India?

Southall is known as 'Little India,' but I couldn't help but feel a different vibe walking through its streets... Karl Rock | Facebook.

Which city is called the perfume city of India?

Due to the role of perfume production in Kannauj, the city is known as "the perfume capital of India". Additionally, one writer said that "Kannauj is to India what Grasse is to France". An expert stated that "Kannauj has been the perfumery town of the country for thousands of years".