special economic zones
Arun Jaitley has finally taken office as a finance minister and he is laying special emphasis by restoring the growth as inflation is controlled as well as refining the budget deficit at the same time. Since he was the commerce minister during the Vajpayee government from 2003 to 2004, he will make sure that the [...] Continue Reading »
The Commerce Ministry has come to a conclusion that once the Narendra Modi and his government comes to power, there will be a new pitch for restoring the tax benefits for the SEZ (Special Economic Zones) Earlier the taxes of SEZ were free from any kind of obligation but since the yea 2011-12, this came [...] Continue Reading »
While taking back nearly 1,400 acres of land allotted for developing one of the country’s biggest special economic zones (SEZs) under the public-private partnership or PPP model the Punjab and Haryana High Court has questioned the Haryana government for taking no action against Reliance Industries BSE -0.26 % Ltd ( RILBSE -0.26 %) The state [...] Continue Reading »
After almost two years three new special economic zones (SEZs) have been planned in Gujarat, since several developers are dropping their proposals. In principle consent to the proposals worth Rs 483 crore has been given by The Gujarat industry & mines department and will soon offer it to the Government of India’s SEZ Approval Board. [...] Continue Reading »
More than 50 Special Economic Zones (SEZ) developers, including Dr Reddy’s Laboratories, Vedanta Aluminium and Tata Consultancy Services have asked the government to grant them some more time to implement their projects. The requests are to be considered by the Board of Approval (BoA), headed by Commerce Secretary Rajeev Kher, on March 10. Other developers seeking additional [...] Continue Reading »
Delegation of Delhi farmers has met Union Rural Development minister Jairam Ramesh to convey their disappointment on the systematic watering down of a draft of the Land Acquisition Bill by the Group of Ministers. More than 300 special economic zones have come up on the fertile land of the farmers and they are not been [...] Continue Reading »
It comes as a surprising news that foreign real estate players will be permitted to invest or own the Special Economic Zones (SEZ). Even though there are restrictions from Foreign Direct Investments (FDI) the department of commerce and industry has now eased this norm. It has been long time since the Special Economic Zone (SEZ) [...] Continue Reading »
Minimum Alternative Tax (MAT) which has been imposed alongside Dividend Distribution Tax (DDT) to adversely affect 50-odd Gujarat’s SEZ proposals. Proposals made in two Vibrant Gujarat investment summits, in 2009 and 2011, worth around Rs 1.25 lakh crore, would be adversely affected. The Government of India’s (GoI) to impose a minimum alternative tax (MAT) of [...] Continue Reading »
