NLU Delhi, IFSCA to research on financial regulations; PhD fellowship worth Rs 16 lakh launched

NEW DELHI: The National Law University has signed an agreement with the international financial service centers authority (IFSCA) cooperation in areas of financial institutions and regulations. Under the agreement, a PhD fellowship in IFSCA regulations has been launched to incentivise research in such regulations.

The fellowship is for Rs 16 lakh will be supervised by NLU Delhi, centre of regulatory studies (CRS) under the guidance of NLUD professor and CRS chairperson MS Sahoo and NLUD and CRS director Risham Garg. The fellowship is a step towards long-term investment in research of financial regulations.

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Speaking on the occasion, NLUD vice chancellor GS Bajpai said: "NLU Delhi has closely worked with, and continues to work with ministries, government departments and agencies and thus have played a vital role in policy-making. Thus, I believe we are well placed to forge this new association with IFSCA. At NLU Delhi our focus has been towards developing inter-disciplinary courses in areas other than traditional law subjects. Thus, I feel there is immense scope to find synergies with IFSCA, including developing research in financial laws & international regulations, arbitration and capacity-building."

While speaking at the event, IFSCA chairperson Injeti Srinivas said: “India has emerged as the fastest growing economy in the world with a huge demographic dividend. To realise its full potential, amongst others, we need to focus on high quality research and research in the interface of law and regulations, will definitely yield rich results in making GIFT IFSC a reputed as well as preferred international financial jurisdiction, and contribute towards fulfilling our vision of New India.”