Karti clashes with BJP MP over financial service centre in Gandhinagar
Gujarat

Karti clashes with BJP MP over financial service centre in Gandhinagar

Agency News

New Delhi, Dec 11: BJP and Congress members on Wednesday had a minor argument, but in lighter sense, over International Financial Services Centre set up at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, capital of a dry state of Gujarat.

During the debate on the International Financial Services Centres Authority Bill, 2019, Congress member Karti Chidambaram said the cente at Gandhinagar was highly impractical.

'No professional likes to work in a dry state...', he said, adding that city like Mumbai would have been more preferable.

Countering this, BJP member PP Chaudhary said Congress talked of Mahatma Gandhiji's ideals and then about liquor which had to be condemned.

Chaudhary said the Bill was a gamechanger and its impact would be immense.
The Bill provides for the establishment of an authority to develop and regulate the financial services market in the International Financial Services Centres in India.

Currently, the banking, capital markets and insurance sectors in IFSC are regulated by multiple regulators -- RBI, SEBI and IRDAI.
. (UNI)

pennews
www.pennews.net