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India’s traditional love for Gold is well known. Over the last five years the relationship has become even more intense despite the sharp rise in Gold prices. Over the last three years, average annual investment in Gold has been of the order of US$20 bn…higher than that in ULIPs and substantially higher than that in equity linked mutual funds.
Demand is price elastic over the short term. A sharp increase in Gold prices has
In Part-1, we have already discussed the Value Proposition and the Strategy behind building GIFT on the banks of Sabarmati. The site is about 12km from Ahmedabad International Airport and 8km from Gandhinagar close to Ecopolis Knowledge City. Land allocated for the project is 663 acres, entailing development of 62msf (plus 12msf below the ground). Of this, 250 acres is earmarked for SEZs and the balance will be for domestic operations.
GIFT is a Public Private Partnership venture with Government of Gujarat) owning 50% of shareholding and
GIFT (Gujarat International Finance Tec-City) is positioned as an International Finance Center with a strategic location (Gujarat accounts for 30% of India’s market cap) and world class infrastructure. The Master Plan for the 62msf project is complete. The initial phase of 4msf is targeted to be completed in 2012. The target segment is core financial services, IT/ITES for financial services and also capital market and trading. IL&FS has signed up as the anchor tenant. Initial rentals are at Rs50-55/sf per month.
Gujarat Chief Minister Narendra Modi’s objective behind GIFT is
The Indian Finance Minister Shri Pranab Mukherjee has introduced the Direct Tax Code Bill which is a complete disappointment. The Government did away from the drastic changes proposed in the initial draft 12 months ago and has just enhanced exemption limits and some window dressing with new flexible legislative powers in the hands of finance … Read more India’s New Direct Tax Code Bill
We have obtained the list of all Private Sector Banks in India.
There are 25 private sector banks in India which are categorized by the RBI as Old Private Sector Banks and New Private Sector Banks. The 18 Old Private Sector Banks are as follows,
Nationalized Banks also known as Public Sector Banks Or PSU Banks are the Banks where Government of India has direct control in ownership and management. Advantage of banking with these financial institutions is that they don’t have hidden charges like most Private Sector and Foreign Banks do.
India has 26 Nationalized Banks and Here is the list of these Banks where you can conduct your business,