"Fadnavis should take an all-party delegation to Prime Minister Narendra Modi and demand reinstating Mumbai as the international finance centre (IFC)," Mumbai Congress chief Sanjay Nirupam said here.
The proposal to develop Mumbai as an IFC had been conceived by the UPA government, he told reporters.
The Union Finance Minister Arun Jaitley had said in the budget speech that Gujarat International Finance Tec-City (GIFT) had been envisaged as an International Finance Centre.
Prior to the budget, however, Minister of State for Finance Jayant Sinha had said at an event in the city that the Centre was "keen to transform Mumbai as a global financial centre".
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
