Thread on #IFSC :
It’s sad news for Maharashtra on it's Birth Anniversary
Mumbai’s long-held dream of becoming an International Financial Services Centre (IFSC) is dead.
The idea was to let Mumbai take advantage of its unique geographical position.
Tweet(1)
It’s sad news for Maharashtra on it's Birth Anniversary
Mumbai’s long-held dream of becoming an International Financial Services Centre (IFSC) is dead.
The idea was to let Mumbai take advantage of its unique geographical position.
Tweet(1)
Tweet 2:
Time-zone wise, the city is midway between two major IFSCs -- Singapore and London.
The central government in its gazette notification dated April 27 has declared that Gandhinagar in Gujarat will be the headquarters for the IFSC Authority.
Time-zone wise, the city is midway between two major IFSCs -- Singapore and London.
The central government in its gazette notification dated April 27 has declared that Gandhinagar in Gujarat will be the headquarters for the IFSC Authority.
Tweet 3 :
Gandhinagar is where Prime Minister Narendra Modi dream project – the Gujarat International Finance-Tech City (GIFT) – is taking shape.
While it has been clear for a few years that Modi wanted Gandhinagar to have the coveted title.
Gandhinagar is where Prime Minister Narendra Modi dream project – the Gujarat International Finance-Tech City (GIFT) – is taking shape.
While it has been clear for a few years that Modi wanted Gandhinagar to have the coveted title.
Tweet 4 :
That was apparent when PM forced his own government in Maharashtra to give up the land set aside for IFSC in BKC for a Bullet Train terminal.
The Mumbai IFSC project failed to take off.
When the Prime Minister Manmohan Singh had announced it in 2006.
#IFSC
That was apparent when PM forced his own government in Maharashtra to give up the land set aside for IFSC in BKC for a Bullet Train terminal.
The Mumbai IFSC project failed to take off.
When the Prime Minister Manmohan Singh had announced it in 2006.
#IFSC
Tweet 5 :
However, the recommendations of a committee formed under well-known investment banker Percy Mistry to recommend the path ahead were never followed, with demands of an infrastructure upgrade.
But what Mumbai got was only the Ghatkopar-Andheri Metro line.
However, the recommendations of a committee formed under well-known investment banker Percy Mistry to recommend the path ahead were never followed, with demands of an infrastructure upgrade.
But what Mumbai got was only the Ghatkopar-Andheri Metro line.
Tweet 6 :
The committee had also asked for promulgation of new, more liberal laws in banking, securities, commodity and currency trading. This too could not be achieved.
#IFSC
The committee had also asked for promulgation of new, more liberal laws in banking, securities, commodity and currency trading. This too could not be achieved.
#IFSC
Tweet 7 :
According to a senior banker, an IFSC in Mumbai would have helped create at least 100,000 new jobs in the financial sector directly and another 100,000 in ancillary services.
#IFSC
According to a senior banker, an IFSC in Mumbai would have helped create at least 100,000 new jobs in the financial sector directly and another 100,000 in ancillary services.
#IFSC
Tweet 8 :
According to a senior banker, an IFSC in Mumbai would have helped create at least 100,000 new jobs in the financial sector directly and another 100,000 in ancillary services.
#IFSC
According to a senior banker, an IFSC in Mumbai would have helped create at least 100,000 new jobs in the financial sector directly and another 100,000 in ancillary services.
#IFSC
Tweet 9 :
A CEO of an company had confirmed of a brokerage house ,After Modi became the prime minister in May 2014, Mumbai’s dream of becoming an IFSC was dead.
#IFSC
A CEO of an company had confirmed of a brokerage house ,After Modi became the prime minister in May 2014, Mumbai’s dream of becoming an IFSC was dead.
#IFSC
Tweet 10 :
In December 2017, while answering a question in the Lok Sabha, the then finance minister Arun Jaitley had made it clear that there can be only one IFSC in the country and that it will be the GIFT city.
#IFSC
In December 2017, while answering a question in the Lok Sabha, the then finance minister Arun Jaitley had made it clear that there can be only one IFSC in the country and that it will be the GIFT city.
#IFSC
Tweet 11 :
Political analyst Hemant Desai quoted," Modi’s love for his home state defeated Mumbai’s natural claim to the status of an IFSC. And he had didn't forgot he was a Gujarati first.
#IFSC
Political analyst Hemant Desai quoted," Modi’s love for his home state defeated Mumbai’s natural claim to the status of an IFSC. And he had didn't forgot he was a Gujarati first.
#IFSC
Tweet 12 :
But many believe, however, that just the title does not make an IFSC.
“As long as Mumbai has the RBI, SEBI, BSE, NSE and several national and international financial institutions are headquartered here.
#IFSC
But many believe, however, that just the title does not make an IFSC.
“As long as Mumbai has the RBI, SEBI, BSE, NSE and several national and international financial institutions are headquartered here.
#IFSC
Tweet 13:
(final ).
the city cannot be robbed of its status as the financial capital of country I believe as a stock trading analyst.
#IFSC
(final ).
the city cannot be robbed of its status as the financial capital of country I believe as a stock trading analyst.
#IFSC
