Revenue of a country has different sources. The economy of a country depends on various types of taxes, financial services or products that includes banking, financial institutions, insurances and any sources that generate financial flow subject to the existing law in force in a country. The International financial services Centres Authority act 2019 was enacted on 19th December 2019 with the objective of regulation and development of financial service market in the International Financial service centers in India. The act contains six chapters 34 sections and two schedules and the Centre is headquartered at Gift City, Gandhi Nagar, and Gujarat.
In order to prevent and initiate legal proceedings to the offenders who commits any economic scam above 100Crore and leave the jurisdiction of India to evade legal proceedings, The Fugitive Economic offenders Act was enacted on 31st July 2018. The act contains three chapters including comprehensive 26 sections and one schedule.