Hi Madhuri,
no, this is not the same, global feature control is dynamic and not static.
Static feature control like e.g. "readonly" for a field defines the static settings that can not be overwritten, i.e. this field may only be changed internally (IN LOCAL MODE), never by consumer.
Global feature control (for modifying operations) is still a dynamic setting, but not related / dependent on an instance. If a field gets readonly due to a central system setting or due to user authorizations this would be global feature control. Major use case obviously is for static operations (like create on root entity or static (factory) actions).
Kind regards,
Renzo
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