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.

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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.