RHSL
Reliance Industries today announced that it has returned nearly 1,384 acres of land in Gurgaon that was acquired for its SEZ. The withdrawal of the concessions offered to special economic zones has made such projects unviable. The MAT (Minimum alternate tax) and DDT (Dividend Distribution Tax) were imposed by the government in 2011 and the SEZs [...] Continue Reading »
The Haryana government approved Reliance Industries’ proposal to opt out of an SEZ in Gurgaon and said it will reimburse R343 crore, lower than the R1,172 crore demanded by the company, for taking back the land. CM Bhupinder Singh Hooda told reporters the proposal of RIL was approved by the state Cabinet at its meeting. [...] Continue Reading »
