The Ministry of Commerce and Industry, Department of Commerce, vide Notification F. No. K-43013(12)/1/2021-SEZ, dated November 7, 2023, notified amendment to the Special Economic Zones Rules, 2006, made
New Delhi Says commerce ministry’s suggestion for change in norms will only facilitate ‘land grabbing by pvt sector’ Finance ministry has strongly opposed the proposal to further liberalise the norms for Special Economic Zones (SEZs), saying the commerce ministry’s suggestion will only facilitate “land grabbing by the private sector”. The commerce ministry recently sought relaxation in the minimum area requirement and the land contiguity norms for SEZs in a bid to prop up export growth from these zones. Growth in exports from SEZs is still in double digits, but lower than overall export growth, raising questions over the need for these enclaves that enjoy sundry tax sops
The National Council for Land Reforms (NCLR), which held its maiden meeting on Tuesday under the chairmanship of rural development minister Jairam Ramesh, proposed to launch a new scheme for “homestead rights to provide land for each homeless rural poor.” The council, which is headed by Prime Minister Manmohan Singh, has also proposed to amend the SEZ Act, aiming to put a ban on exemptions on diversion of land in Scheduled Areas, populated by tribals.
New Delhi Power companies having long-term power supply contracts with traders, state government agencies and distribution licensees of special economic zones (SEZs) could soon get coal linkages. The government proposes to dilute a key condition in the fuel supply agreement (FSA) enabling these contracts to qualify for coal supply. As per the existing FSA finalised by Coal India (CIL), power projects get fuel linkages only if they have tied up 60% of their generation capacity under long-term power purchase agreements (PPAs) with distribution companies.
Commission a report and when it is ready, place it on a high shelf so that no one can reach it or read it. This seems to be the time-worn norm followed by successive governments in this country. So it
Tata Steel, the anchor tenant for the industrial park being developed on 3,500 acres of land at Gopalpur, has sought extension of the in-principle approval granted for the park, which is set to be notified as a Special Economic Zone (SEZ). “The registration of land lease for the Gopalpur industrial park is yet to be done. In the absence of registration, application cannot be made to the Union ministry of commerce for notification of the park as an SEZ. Tata Steel has asked the state government to extend the date for in-principle approval beyond June 17 this year,” an industries department official told Business Standard.
Requirements on minimum size, contiguity and vacant stretches to be eased MAT and DDT to stay The ministry of commerce and industry would soon announce relaxed land-related norms for Special Economic Zones (SEZs) to arrest the slackening pace of growth in these tax-free zones by making certain changes in the SEZ policy. In a major amendment to the policy, enacted in 2006, for the first time the government will change the minimum land requirement across all sectors.
<p><span id="itro1">The fact-finding team led by S.N. Bhargava called for suspension of the upcoming Tata Mundra Ultra Mega Power Project in Gujarat & also recommended compensating all local people
The policy aims at creating industry-friendly environment for maximizing investment especially in mineral and natural resource based industries, MSMEs, infrastructure development and rehabilitation of
The Association of Biotech Led Enterprises(ABLE), the voice of the biotechnology industry in India, has urged for a series of reforms to propel the sector in the next phase of its growth. The important one among them includes the ones pertaining to finance — upto Rs 5,000 crore biomanufacturing fund for soft loans at 4-6 per cent with a two-year moratorium and five-year tax holiday from date of commercialisation; larger SEZs specifically meant for biologics, including biotech drugs under the ‘free medicines scheme’ being contemplated by the Government of India;
Wants pvt sector to fend for itself, measures to involve local bodies, generous compensation Parliament’s standing committee report on the government’s land acquisition Bill has sought a thorough tightening of the provisions to ensure involvement of local institutions and an “informed and transparent process”.Tabled in Parliament on Thursday, it comes down heavily on the provisions allowing the government to acquire land for the private sector for “public goods and services” and in case of public-private partnerships.
