Fresh guidelines were issued by the government on Wednesday for enforcing the second phase of the coronavirus lockdown, with the Union home ministry barring all kinds of public transport and prohibiting opening of public places during this period.
The decision was taken by an inter-ministerial Board of Approval.
The Customs clearance required for moving equipment like laptops, desktops, etc out of SEZ units was delaying things as the clearance had to be taken in person after a first level of approval online.
Sectors that attracted maximum FDI include services, trading, automobile and power.
Infosys had paid Rs 75 crore (Rs 750 million) for buying 50 acres from the government.
The IT and ITeS sectors expect a reduction in minimum alternate tax (MAT) and dividend distribution tax in the next month's Union Budget, a senior economist said on Tuesday.
In 2011, the Trinamool manifesto had said, the government would not allow SEZs in West Bengal, to protect multi-crop lands.
It's a political gambit aimed at the BJP's Suvendu Adhikari who won the seat in 2016 as a TMC candidate, while also retroceding to the land movement that catapulted her to power.
'Vajpayee used to consult the Opposition; Indira Gandhi used to consult the Opposition. Which khet ki mooli is Modi?'
A quick computation puts the following value to the seizures.
It has also attached fresh 66 banks accounts, holding deposits of Rs 80.07 crore, of the Gitanjali group, owned by Modi's uncle Mehul Choksi.
The state has allowed industrial units in special economic zones (SEZs) to lay off workers without government's sanction, regardless of the number of workers
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Adhikari, the face of the Nandigram movement that catapulated Mamata Bannerjee to power in 2011, sent his resignation letter to the chief minister by fax, which he then forwarded to Governor Jagdeep Dhankhar by e-mail.
Gajendrasinh Jadejha, the sarpanch of the Navi Naal village in Mundra taluka of Kutch, who has been sent to jail under the Prevention of Anti-Social Act by the Gujarat government, has filed a petition in the Gujarat high court against his detention and application of the tough law against him.
The US is the largest consumer of gems and jewellery in the world contributing nearly 40 per cent of global production. If India can tap the opportunity, its overall exports to the US could jump by 10 per cent to $ 11 billion this year.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
With the objective of making India a manufacturing hub for domestic and foreign companies, Prime Minister Narendra Modi on Thursday launched the 'Make in India' initiative.
No more than 62% of farmland acquired for Special Economic Zones has been used for its intended purpose of boosting manufacturing, exports and jobs
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
The new exchange will also help global companies raise finance from other overseas investors.
The Trinamool government, which cashed in on the Nandigram protests in West Bengal politics, has not yet given the Central Bureau of Investigation the sanction to prosecute five police officers involved in the 2007 police firing which killed 14 villagers.
A blood-soaked Nandigram made Mamata Banerjee what she is today and underpins the hopes of the combustible West Bengal leader of clinching a third straight term in office.
'Family businesses have to put competent people in charge who believe they can get to the top.'
'If you don't remove the glass ceiling, you won't get the best talent.'
These ambitious projects are littered with every possible acronyms and include proposed road links, air connectivity plans, electricity grids and special economic zones on coasts, says Subhomoy Bhattacharjee.
The fire broke out around 12 am at Biomax Fuels Limited, a bio-diesel manufacturing unit in the Visakhapatnam Special Economic Zone, Duvvada area.
Noida SEZ has 400 units and around 100,000 workers, and was shut down on March 23.
The group plans Rs 30,000-cr oil refinery with IOC; buys Lanco's Udupi power plant for Rs 6,000 cr
Stocks of three listed firms of Gujarat-based Adani Group on Friday ended as much as 6 per cent higher on the clear mandate given by voters to the BJP-led NDA.
References to the repealed laws for service tax, purchase tax, etc, continue in the SEZ laws.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
It is a record that the saffron party has created, where the majority of its legislators belonged to the minority community.
In containment areas, movements of people is totally banned and essential services are delivered at the doorsteps.
The Gujarat International Finance Tech-City, or Gift City, is expected to be spread over 886 acres and will have a special economic zone on 261 acres.
Chances are any such disruption will not occur on the major shipping lanes but on some edge of the ocean between India and China. Even if there is no actual disruption, the costs of averting one can be punitive. The setting for this is provided by the energy shortage both countries face, says Subhomoy Bhattacharjee.
Up to 95 per cent of units in the Noida-Greater Noida mega industrial zone are currently shut.
Prime Minister Modi will hold bilateral meetings with President Paul Kagame, delegation-level talks and meetings with the business and the Indian communities, a statement from the Prime Minister's Office said.
The Delhi High Court on Friday questioned why Facebook Inc is not paying any service tax when Google is doing so and directed the Centre to file a "better affidavit" on the issue.
The conglomerate, which has received environmental clearance for the project, plans to invest around Rs 1,500 crore in it.
