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Massive transfer of agricultural and forest land for development and infrastructural projects has created "rural unrest and distress migration" in those areas, a high-level panel has found.
After its satellite townships, it is the national capital which is aspiring to become an information technology hub with the Delhi government focusing on setting up service and IT-based industries in New Delhi.
The Union Commerce Ministry has said Special Economic Zones, which have been rejected by the people of Goa will not be forced in the state, Chief Minister Digamber Kamat said.
As many as 10 SEZ promoters have approached the Commerce Ministry to pull out from approved projects as they find the going tough due to the slump in demand for commercial space.
Government may allow universities for NRIs and PIO to be set up in the Special Economic Zones.
The Goa government today decided to withdraw its Special Economic Zone (SEZ) policy, reasserting its strong resistance for setting up tax-free industrial enclaves in the state.
The government is looking into formulating new rules for de-notification of special economic zones in the wake of several developers, including realty major DLF, approaching the Commerce Ministry for surrendering their tax-free enclaves.
The Mumbai SEZ Ltd, promoted jointly by industrialist Mukesh Ambani and his confidant Anand Jain, runs the risk of being scrapped after the Supreme Court on Friday refused to stay the land acquisition process that otherwise has to conclude by June 8.- The Board of Approval in the Commerce Ministry gave green signal to Gulf Oil Corporation, L&T, Emaar MGF and MM Tech to set up IT/ITES tax-free enclave in Bangalore, Mumbai, and Chenagamanadu (Kerala), respectively.
- Amidst the debate over acquisition of agricultural lands for industrial units or special economic zones, the Supreme Court has held that the Government as a "sovereign power can acquire land for public purpose."
- Justifying its stand on scrapping of SEZ projects in Goa, the state government has said the Centre has the power to denotify those which are not operational within the stipulated timeframe.
- The Supreme Court will hear on August 26 the petitions from all over the country challenging setting up of special economic zones on agriculture land.
The Prime Minister's Economic Advisory Council has recommended imposition of 10 per cent minimum alternative tax on industrial units in SEZs as a compromise to end the spat between the ministries of commerce and finance over sops to these tax free zones.- The Union Government will take a decision on the 12 approved special economic zones of Goa by June 4.
India's trade deficit has widened by a whopping 34 per cent in 2007-08. The estimated amount was $80.4 billion for 2007-08 from $59.32 billion in 2006-07.
The Tamil Nadu Government on Thursday inked a pact with the Hyderabad based AMR Constructions to set up a Rs 15,000 crore multi-sector Special Economic Zone at Nanguneri in Tirunelveli.
Terming the Centre's approval to 400 Special Economic Zone projects across the country as "madness," Communist Party of India-Marxist on Wednesday sought changes in the Special Economic Zones Act to ensure that new technologies were attracted and exports promoted.
The Communist Party of India-Marxist (CPI-M) said on Wednesday that it favoured special economic zones (SEZs) only in limited areas.- Over 500 people from 15 states gathered on Wednesday to draw up a list of "demands from the grassroots", addressing various issues like education and land rights, that will be submitted to Prime Minister Manmohan Singh on Thursday.
Sweeping changes in policy regarding setting up of Special Economic Zones (SEZs), comprehensive policy to tackle Left wing extremism, code of conduct for parties indulging in "identity politics" were highlights of a latest Administrative Reforms Commission (ARC) report.- The present approach of allowing use of prime agricultural land for establishing Special Economic Zones (SEZs) should be avoided, Administrative Reforms Commission (ARC) chairperson M. Veerappa Moily said Monday.
- Anil Ambani Group firm Reliance Energy will change its name to Reliance Infrastructure, which will reflect the company's businesses more adequately, the company said on Monday.
