Skip to content
thelocalreport.in thelocalreport.in

Thelocalreport.in is a news website which includes national international,#sports,#wealth,#weather, #entertainment and other types of news.

  • Jammu and Kashmir
  • World
  • India News
  • Uk
  • Canada
  • United States
  • About Us
  • Contact Us
thelocalreport.in
thelocalreport.in

Thelocalreport.in is a news website which includes national international,#sports,#wealth,#weather, #entertainment and other types of news.

Shiv Sena(UBT) questions IBFC in New Nagpur, sniffs motive to reduce Mumbai's importance

Web Desk, 11/09/202511/09/2025

Mumbai, Sep 11 (IANS) Shiv Sena(UBT) on Thursday raised questions over the Maharashtra cabinet’s approval for the establishment of an ‘International Business and Financial Center’ (IBFC) in New Nagpur when Mumbai is the financial capital of the country and has all kinds of financial institutions, stock exchanges and service centres.

The Thackeray camp, in its mouthpiece ‘Saamana’, editorial suspects there may be some political move to reduce the importance of Mumbai or some other motive. It has raised questions on choosing Nagpur, despite Chief Minister Devendra Fadnavis’ clarification that there is no hidden agenda behind this, but the aim is balanced development of the state.

The Thackeray camp said Mumbai, being the financial capital of the country, was chosen earlier for the establishment of an International Financial Services Center (IFSC). “However, since the BJP-led government headed by PM Narendra Modi came to power in the country, their love for Mumbai has been exposed time and again. That is why ‘GIFT City’ was set up in Gujarat in record time as an alternative to the International Financial Services Center in Mumbai. Naturally, now that it is said that an IBFC will be set up in Nagpur, various arguments can be raised. When Mumbai already has an international financial centre, why bother with another centre in Nagpur? Such questions can be asked,” said Thackeray camp.

“Even if we accept what the chief minister says as true, he should take this idea further. If the IBFC in New Nagpur is going to give a boost to development, it is good. The chief minister should not stop there. Nagpur is his ‘home town’. Therefore, he may have chosen Nagpur, but let other small and big cities in the state get the same love. Like ‘New Nagpur’, a new development roadmap like ‘New Pune’, ‘New Nashik’, ‘New Kolhapur’, ‘New Chhatrapati Sambhajinagar’ can be implemented in the state. Only then, as the chief minister says, can a balanced development of the state be achieved. This should happen when the government starts the development of New Nagpur,” the editorial said.

ALSO READ  Police must prevent atrocities against the marginalised: K’taka CM Siddaramaiah

According to the Saamana editorial, the situation in all cities today has become uncontrolled. Urban planning has gone to the toss. Due to the slums, there is a huge pressure on even the basic amenities. Therefore, the government should consider the planned development of other big cities as well.

Uddhav Thackeray-led Shiv Sena took a swipe at the BJP-led governments at the Centre and in Maharashtra, saying that “Taking the international financial centre in Mumbai to Gujarat or shifting industrial projects coming to Maharashtra to Gujarat are different things, and building a financial centre in the second capital of Maharashtra is different. Build ‘New Nagpur’, but also think about other ‘metro’ cities in the state.”

Thackeray camp’s move to target the chief minister-led MahaYuti government on the issue of setting up IBFC in New Nagpur coincides with the preparations launched by the state government for conducting the much-delayed election to the Brihanmumbai Municipal Corporation.

–IANS

sj/dpb

India News IBFCimportancemotiveMumbai039sNagpurquestionsReduceSenaUBTShivsniffs

Post navigation

Previous post
Next post

Follow Us On Google News

  • Mansukh Mandaviya hails MY Bharat crossing 2 crore registrations
  • Palestine Action bans protests from being held at 18 locations across the UK
  • Cyclone Montha: IMD issues red alert for southern Odisha districts
  • How much would you have if you invested $1,000 in 2010?
  • Vice President Radhakrishnan calls for hard work to fulfill the vision of ‘Developed India 2047’
  • Jeremy Corbyn to appear in Wicked-inspired London pantomime
  • There is nothing wrong in demanding a Dalit Chief Minister: Karnataka Home Minister
  • Labour’s asylum crackdown will tear apart thousands of families
  • MP government to provide electricity connections to 18,833 houses under PM Janman Yojana
  • The best Apple AirTag deals expected for Black Friday 2025
  • Supreme Court issues notice on plea seeking compensation for wrongful conviction of man acquitted after 12 years, 6 awarded death sentence
  • Amazon announces 14,000 job cuts in continued AI push
  • Karnataka Chief Minister urges police to join his mission to make the state drug free
  • Enjoy stew season with 25% off our favorite slow cookers at Amazon
  • Indian Coast Guard rescues injured Iranian fisherman
  • The improvements Wardley showed to defeat Parker and what they mean for Usyk
  • China’s influential new law wants only degree holders to discuss sensitive topics
  • Annamalai accuses Stalin of hypocrisy over Tamil Nadu voter list amendment controversy
  • Prunella Scales on how Timothy West’s marriage has remained unchanged in 60 years
  • Bihar polls: Mahagathbandhan releases manifesto, titled ‘Bihar Ka Tejaswi Pran’
  • Surfshark VPN Review 2025: This Simple, High-Speed ​​VPN Is One of the Best
  • Governor holds first interaction with Vice Chancellors of 24 universities in Maharashtra
  • The 18 best Champagne taste-tested by wine experts, from supermarket to luxury fizz
  • Congress supports Tejashwi’s stand on Waqf Act, criticizes Kiren Rijiju for calling him out.
  • Reform and Greens surge in polls as Labor falls to lows
  • Punjab Police busts cross-border drug cartel; 5 kg heroin seized
  • Haddush Kebatu is the second man to be accidentally freed from HMP Chelmsford
  • President Murmu will fly in Rafale fighter aircraft at Ambala Air Force Station on October 29.
  • Paddy Pimblett reacts to Tom Aspinall’s injury after UFC 321 main event ends
  • Home Minister Amit Shah approves release of Rs 20 crore to Nagaland for disaster relief
  • 12 killed in Kenya plane crash, ‘no survivors’
  • Justice SM Subramaniam refuses to recuse himself from hearing TN’s appeal against Madras Race Club
  • Valentin Vacherot prepares for another cousin showdown at Paris Masters
  • Jammu and Kashmir
  • World
  • India News
  • Uk
  • Canada
  • United States
  • About Us
  • Contact Us
  • Jammu and Kashmir
  • World
  • India News
  • Uk
  • Canada
  • United States
  • About Us
  • Contact Us

Add thelocalreport.in As A Trusted Source in Google

Canada News

  • Photo Gallery: Drake joins Vibes Kartel at Toronto concert
    Photo Gallery: Drake joins Vibes Kartel at Toronto concert
  • Latest: Blue Jays and Dodgers scoreless after Game 1 of World Series
    Latest: Blue Jays and Dodgers scoreless after Game 1 of World Series
  • Latest: Blue Jays and Dodgers scoreless after Game 1 of World Series
    Latest: Blue Jays and Dodgers scoreless after Game 1 of World Series
  • Ticketmaster says it doesn't 'set or control' ticket prices in response to uproar over Jays World Series resale costs
    Ticketmaster says it doesn’t ‘set or control’ ticket prices in response to uproar over Jays World Series resale costs
  • What's changed since the last time the Jays were in the World Series?
    What’s changed since the last time the Jays were in the World Series?
  • James Day's Haunted Woods in Kahunawa: Rebuilt after fire, ready for 20 years of Halloween scares
    James Day’s Haunted Woods in Kahunawa: Rebuilt after fire, ready for 20 years of Halloween scares

India News

  • Mansukh Mandaviya hails MY Bharat crossing 2 crore registrations
    Mansukh Mandaviya hails MY Bharat crossing 2 crore registrations
  • Cyclone Montha: IMD issues red alert for southern Odisha districts
    Cyclone Montha: IMD issues red alert for southern Odisha districts
  • Vice President Radhakrishnan calls for hard work to fulfill the vision of 'Developed India 2047'
    Vice President Radhakrishnan calls for hard work to fulfill the vision of ‘Developed India 2047’
  • There is nothing wrong in demanding a Dalit Chief Minister: Karnataka Home Minister
    There is nothing wrong in demanding a Dalit Chief Minister: Karnataka Home Minister
  • MP government to provide electricity connections to 18,833 houses under PM Janman Yojana
    MP government to provide electricity connections to 18,833 houses under PM Janman Yojana
  • Supreme Court issues notice on plea seeking compensation for wrongful conviction of man acquitted after 12 years, 6 awarded death sentence
    Supreme Court issues notice on plea seeking compensation for wrongful conviction of man acquitted after 12 years, 6 awarded death sentence

Us News

  • How An EMP Attack Could Cripple Your Daily Life And How To Stop It
  • Gavin Newsom: “I was born a poor black child”
  • HUGE: Virginia Attorney General race has officially tipped Republican after Wiley J. Jones scandal
  • FACT-CHECK: Erika Kirk’s Mom Worked For NSA, 7+ Aliases, Hidden Grandparents and a Faceless Dad?
  • FLASHBACK: In 1982 Al Gore Predicts Florida Will Soon Be UNDERWATER
  • President Trump Just Addressed His THIRD Term: “It’s Too Cute!”

Uk News

  • Palestine Action bans protests from being held at 18 locations across the UK
    Palestine Action bans protests from being held at 18 locations across the UK
  • How much would you have if you invested $1,000 in 2010?
    How much would you have if you invested $1,000 in 2010?
  • Jeremy Corbyn to appear in Wicked-inspired London pantomime
    Jeremy Corbyn to appear in Wicked-inspired London pantomime
  • Labour's asylum crackdown will tear apart thousands of families
    Labour’s asylum crackdown will tear apart thousands of families
  • The best Apple AirTag deals expected for Black Friday 2025
    The best Apple AirTag deals expected for Black Friday 2025
  • Amazon announces 14,000 job cuts in continued AI push
    Amazon announces 14,000 job cuts in continued AI push
  • World
  • United States
  • India News
  • Uk
  • Canada
  • thelocalreport.in Company Details
  • Terms and Conditions
  • DNPA Code of Ethics
  • Correction Policy
  • Contact Us
  • About Us
  • Rss Feeds
©2025 thelocalreport.in | WordPress Theme by SuperbThemes