• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance Economic Policies

House panel on finance pitches for more IFSC-like hubs in India todayheadline

August 4, 2025
in Economic Policies
Reading Time: 2 mins read
A A
0
ET logo
2
SHARES
5
VIEWS
Share on FacebookShare on Twitter


The parliamentary standing committee on finance has urged the government to consider setting up satellite financial innovation zones or fintech clusters in other major cities while maintaining its focus on International Financial Services Centre (IFSC) in Gujarat’s GIFT City as the core hub.

In a report submitted with the Lok Sabha on Monday, the panel under senior BJP leader Bhartruhari Mahtab cited the growing demand for specialised financial services and called for exploring region-specific models for new IFSCs. Such models can draw “inspiration from GIFT City’s success to further integrate India into the global financial services landscape and bolster the nation’s journey towards Viksit Bharat”.


The panel stressed that while GIFT-IFSC is India’s only such centre, China has 10 such hubs. Even other BRICS economies possess multiple financial hubs.

More such hubs would help foster inclusive growth, create talent pools and attract diverse investors, it said.

It acknowledged the Gujarat IFSC’s improved ranking at 46th of 119 financial centres from its previous rank of 52nd in the Global Financial Centres Index. “However, the committee believes further measures are essential to elevate GIFT-IFSC to a premier global financial hub, aligning with the vision of Viksit Bharat,” it said.

Live Events


Disinvestment and asset monetisation

In its submission with the panel, the finance ministry has said “all efforts would be made” to meet the FY26 miscellaneous capital receipt target—comprising disinvestment and asset monetisation goals—of Rs 47,000 crore. In FY25, such receipts stood at only Rs 16,731 crore—Rs 6,600 crore from asset monetisation and Rs 10,131 from disinvestment.

The committee has, in its latest report, prescribed regular reviews of the government’s asset monetisation goals in sectors, including road and railways, to ensure that the targets are met. The performance on asset monetisation needs to be “rigorously and transparently” tracked, it said.

“The committee opine that it is essential to stay on course to achieve the vision of asset monetisation as it will contribute to funding new capital investments, improving operational efficiencies and reducing fiscal burdens,” it added.

Tags: disinvestment and asset monetisationfinancefinancial innovation zonesfintech clustersGIFT CityGlobal Financial Centres IndexGujarat financial hubhouseHubsIFSClikeIndiaInternational Financial Services Centre (IFSC)panelPitchestodayheadlineViksit Bharat
Previous Post

Dysderidae) in the Julian Prealps (NE Italy) todayheadline

Next Post

Why Saying Yes Is a Skill — And It’ll Change Your Life todayheadline

Related Posts

ET logo

AgustaWestland: CBI, ED oppose Christian Michel’s plea for release todayheadline

August 4, 2025
9

Sri Lanka’s Top 100 Most Valuable Brands by BrandFinance todayheadline

August 4, 2025
5
Next Post

Why Saying Yes Is a Skill — And It'll Change Your Life todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Police ID man who died after Corso Italia fight

December 23, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Prehistoric Air Has Been Reconstructed From Dinosaur Teeth in an Amazing First : ScienceAlert

Prehistoric Air Has Been Reconstructed From Dinosaur Teeth in an Amazing First : ScienceAlert todayheadline

August 4, 2025

Military leaders say integrated space power crucial for national defense

August 4, 2025
How communities are reducing the growth of plastic litter

How communities are reducing the growth of plastic litter

August 4, 2025
Integrating human and animal health care increases access to services for homeless youth

Integrating human and animal health care increases access to services for homeless youth

August 4, 2025

Recent News

Prehistoric Air Has Been Reconstructed From Dinosaur Teeth in an Amazing First : ScienceAlert

Prehistoric Air Has Been Reconstructed From Dinosaur Teeth in an Amazing First : ScienceAlert todayheadline

August 4, 2025
1

Military leaders say integrated space power crucial for national defense

August 4, 2025
0
How communities are reducing the growth of plastic litter

How communities are reducing the growth of plastic litter

August 4, 2025
2
Integrating human and animal health care increases access to services for homeless youth

Integrating human and animal health care increases access to services for homeless youth

August 4, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Prehistoric Air Has Been Reconstructed From Dinosaur Teeth in an Amazing First : ScienceAlert

Prehistoric Air Has Been Reconstructed From Dinosaur Teeth in an Amazing First : ScienceAlert todayheadline

August 4, 2025

Military leaders say integrated space power crucial for national defense

August 4, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co