IFSC Tonnage Operations Kick Off: Govt Amends ROFR Policy
ECONOMY & POLICY

IFSC Tonnage Operations Kick Off: Govt Amends ROFR Policy

The Indian government has made significant amendments to the Right of First Refusal (ROFR) policy as the International Financial Services Centre (IFSC) starts its tonnage operations. This development is a pivotal step towards establishing the IFSC as a global financial hub. Under the revised policy, it ensures that Indian tonnage capacity is utilized optimally for IFSC operations before being offered to foreign entities. The IFSC, located in Gujarat, aims to provide world-class financial services and attract international investors. The modified ROFR policy prioritizes Indian tonnage, promoting its utilization within the IFSC before extending opportunities to foreign players. This change is expected to boost the maritime sector's growth while facilitating economic activities within the IFSC. The government's commitment to creating a conducive environment for the IFSC's growth aligns with its aspiration to become a leading global financial hub, attracting investments and contributing to India's economic prosperity.

The Indian government has made significant amendments to the Right of First Refusal (ROFR) policy as the International Financial Services Centre (IFSC) starts its tonnage operations. This development is a pivotal step towards establishing the IFSC as a global financial hub. Under the revised policy, it ensures that Indian tonnage capacity is utilized optimally for IFSC operations before being offered to foreign entities. The IFSC, located in Gujarat, aims to provide world-class financial services and attract international investors. The modified ROFR policy prioritizes Indian tonnage, promoting its utilization within the IFSC before extending opportunities to foreign players. This change is expected to boost the maritime sector's growth while facilitating economic activities within the IFSC. The government's commitment to creating a conducive environment for the IFSC's growth aligns with its aspiration to become a leading global financial hub, attracting investments and contributing to India's economic prosperity.

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Implementation Status of Jal Jeevan Mission

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Infrastructure Urban

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

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Infrastructure Urban

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..

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