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In today's globalized world, financial services are essential for facilitating international trade and investment. This growth in International Financial Services Centers (IFSCs) worldwide means that businesses and individuals can access an extensive array of financial products and services. An example of a regulator overseeing IFSCs would be the International Financial ServicesCentres Authority (IFSCA). The Minister of Finance introduced the InternationalFinancial Services Centers Authority Bill before the Lok Sabha on November 25, 2019. What are IFSCs? International Financial Services Centers, or IFSCs, are financial hubs that serve clients outside of the national economy's purview. They handle cross-border financial product and service flows as well as money flows. In order to provide a range of financial services to participants who are residents and non-residents with foreign currencies, the Indian government has envisioned IFSCs as a special economic zone and finan