New Delhi, Dec. 11 -- The Lok Sabha on Wednesday gave its nod to the International Financial Services Centres Authority Bill that seeks to ensure setting up of an independent authority at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar.

Replying to debate on the Bill wherein among others Karti Chidambaram (Congress) also took part, Finance Minister Nirmala Sitharaman took strong exception to Congress member's observation that why the centre was being set up in Gandhinagar - which is the capital of a dry city.

"I will counter sarcasm with sarcasm...," she remarked and also held a brief argument with Trinamool Congress members including Mohua Moitra.

"Let us take things a bit more seriously...," Ms Sitharaman said and mai...