House panel on finance pitches for more IFSC-like hubs in India
In a report presented with Lok Sabha on Monday, the panel led by Senior BJP leader Bhartruhari Mahtab, expressed the increasing demand for private financial services and wanted to explore the region -specific models for new IFSCs. Such models can be inspired by the success of the Gift City to integrate India more into the view of global financial services and to support the country’s journey to Vikitis Bharat ”.
The panel stressed that China has 10 such centers despite the fact that India is the only center of India. Even other BRICS economies have more than one financial centers.
Such centers said it would help to promote inclusive growth, create talent pools and attract different investors.
Gujarat accepted the improved ranking in the ranking of the 46th ranking of the previous 52. “However, the Committee believes that more measures are required to raise a gift to a leading Global Finance Center aligned with the vision of Vikitis Bharat,” he said.
Dismining and Asset Monetization
In the presentation of the panel, the Ministry of Finance said that “all efforts will be made” to meet the 26 FY26 Capital Receipt target, which fulfills the advertising of 47,000 RS of 47,000 RS. In FY25, such receipts are only 16,731 RS – 10.131 rs from 6,600 Crore and Disenatesment.
In his last report, the Committee envisaged regular examination of the government’s asset -making targets in sectors, including roads and railways, to ensure that the targets are met. The assets said that the money -making performance should be followed in a “meticulous and transparent way”.
“The Committee thinks that it is necessary to continue the course in order to obtain the vision of making money, as the asset will contribute to financing new capital investments, improving operational productivity and reducing financial burdens,” he added.
