India should strive to become regional financial hub: Jaswant

India should become a regional hub for financial services and constantly engage in new activities to sustain economic growth, Finance Minist...

India should become a regional hub for financial services and constantly engage in new activities to sustain economic growth, Finance Minister Jaswant Singh said on Thursday.

“We should improve the financial sector to provide services to the entire region and we can do this,” Singh said after laying the foundation for Sebi’s proposed new headquarters.

Indian business and finance community has a natural flair to deal with money and capital markets and people working in this sector should go out in the world to grab opportunities, Singh said, adding, “government will provide all support to this endeavour.”

Citing the example of Surat which was once a thriving banking centre, Singh said that those involved in trade had then perfected the ‘hundi’ (traditional financial instrument) system. On the growth of Indian economy, he said “our growth must never stop and we must continuously engage in new activities.” The system should not be the victim of destiny and instead become a catalyst for change, he added.

Canada, UK and Australia formally recognise a Palestinian state

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The UK, Canada, and Australia have recognized Palestine as a state, going against the US and Israel's opposition. British PM Starmer aims to revive peace without Hamas and hostage release. Canada and Australia also recognize Palestine, condemning terrorism. Over 145 UN members recognize Palestine, with France likely to join soon.

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