INDIA SETS UP STOCK EXCHANGE TO RIVAL S’PORE, HK & DUBAI

According to a Bloomberg report, India is dumping serious cash into building a new India International Exchange in Gujarat state’s new finance zone.

The move is aimed at grabbing some of India’s $48 billion worth of offshore banking activities from existing financial centres in Singapore, Dubai and Hong Kong, which have traditionally been the locus of Indian businesses’ financial activities.

The India International Exchange will get Prime Minister Narendra Modi’s blessings on Monday and will start trading single stock and equity index future on 16 Jan.

According to Bombay Stock Exchange Chief Execute Officer Ashishkumar Chauhan, the IIE will add gold, silver, copper, oil and the rupee soon.

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Luxury Goods Scammer Was Born In China But Got His Singapore Citizenship

How can someone like him be given citizenship? His friends said he had a habit of gambling and even had debts. Why do we let a foreigner like him enjoy our privileges and then cheat us of all our money?