The government will come up with a legislation, which will have a fiscal package, including a 20-year income tax holiday for special economic zones, by December end, a top government official said on Tuesday.
Tax holidays to special economic zones are estimated to lead to a revenue loss of over Rs 1-lakh crore by FY10, the Parliament was informed on Friday.
The Centre has cleared a long-pending proposal for setting up of an international airport in Uttar Pradesh on the proposed Agra-Noida expressway near Delhi, official sources said
Karnataka has received in principle approval from the Centre for setting up a special economic zone across its three coastal districts.
The Centre is contemplating to create Special Economic Zones for various service sectors in different parts of the country, Union Minister for Commerce and Industry Arun Jaitley said in Kolkata on Tuesday.
The second campus would have the potential to create around 18,000 jobs
The government has approved three special economic zones and was considering granting approval for setting up 14 SEZs, Commerce and Industry Minister Arun Shourie informed the Rajya Sabha on Monday.\n\n\n\n
The finance ministry on Monday defended the budget proposal on a sun set clause for tax sops to special economic zones, saying it is a normal practice in any kind of fiscal concessions.
Without Myanmar, India can't engage with any of the Asian nations to its east.
Minister of Commerce and Industry Arun Jaitley exhorted US businessmen to focus their attention on India, as it had an attractive foreign direct investment regime.\n\n\n\n
Karnataka government has decided to approach the Centre for approval of its proposal for creating a Coastal Economic Zone, state's Minister for Large and Medium Industries R V Deshpande has said.
The first option that the state government might opt for is offer Infosys space in one of the SEZs that are coming up, but that is unlikely to be accepted
Divestment Minister Arun Shourie said on Tuesday that administrative delays were affecting the growth of exports in the country.
In a bid to take forward labour reforms, the government on Thursday said units in the special economic zones will be exempted from making contributions to Employees Provident Fund and Employees State Insurance for five years.
International Finance Corporation, which plans to hike its India exposure to $1.5 billion by 2007, is eager to invest in the equity of special economic zones, including the Rs 4,950 crore (Rs 49.50 billion) Maha Mumbai SEZ.
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.
Leading UK-based NRI industrialist Lord Swaraj Paul has said that he proposed to make investments in Madhya Pradesh.
'Vajpayee used to consult the Opposition; Indira Gandhi used to consult the Opposition. Which khet ki mooli is Modi?'
The plan is to de-notify the entire SEZ.
The decision was taken by an inter-ministerial Board of Approval.
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.
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.
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