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Union Budget 2022: SEZ law to be replaced; new legislation IT driven and focus on higher facilitation, says Sitharaman
Business

Union Budget 2022: SEZ law to be replaced; new legislation IT driven and focus on higher facilitation, says Sitharaman

Presenting the Union Budget 2022-23, FM Nirmala Sitharaman said that The Special Economic Zones Act will be replaced with a new legislation that will enable states to become partners in Development of Enterprise and Service Hubs.

Repairing ragged edges of India-Sri Lanka ties may take more work than meets the eye
India

Repairing ragged edges of India-Sri Lanka ties may take more work than meets the eye

President Rajapaksa despite his reassuring words to India, has not endeared himself to India in his actions

'We have to learn to see land with a more nuanced lens': Nikita Sud on her new book, farm laws
Arts & Culture

'We have to learn to see land with a more nuanced lens': Nikita Sud on her new book, farm laws

The continual making and re-making of land as history or identity, or its use as property, or its demarcation as territory or a contested entity — these happen in place, or in a particular location. Land is not made and re-made automatically. It is continually acted upon by institutions of the state, market and politics.

Blackstone pays first tranche of Rs 150 cr for acquiring Coffee Day's technology park, remainder to be paid in a year
Business

Blackstone pays first tranche of Rs 150 cr for acquiring Coffee Day's technology park, remainder to be paid in a year

After Blackstone made the payment, it is expected that CDEL's working capital situation may improve and the majority of the proceeds may be utilised to bring down the overall debt of the company.

Retail FDI: Goods procured from SEZs by single brand retailers to qualify for meeting local sourcing norms
Business

Retail FDI: Goods procured from SEZs by single brand retailers to qualify for meeting local sourcing norms

Goods procured from units in special economic zones (SEZs) by single brand retailers, owned by foreign companies, would qualify for meeting the mandatory 30 percent local sourcing conditions, according to a government clarification

Budget 2020: Its time govt introduced forward-looking, simplified version of I-T Act; should focus on long overdue Direct Taxes Code
Business

Budget 2020: Its time govt introduced forward-looking, simplified version of I-T Act; should focus on long overdue Direct Taxes Code

On the side-lines of the Budget, the government should also focus on releasing the new Direct Taxes Code, which is long overdue.

GST fraud: Over 1,200 exporters untraceable, govt saves Rs 350 cr fake IGST refunds; involvement of customs brokers suspected
Business

GST fraud: Over 1,200 exporters untraceable, govt saves Rs 350 cr fake IGST refunds; involvement of customs brokers suspected

Central Board of Indirect Taxes and Customs has obligated customs brokers under their licensing conditions to independently verifying the KYC of exporters.

Q2 results paint a bleak picture for market, Adani Ports and SEZ in stable waters; all this and more on Moneycontrol Pro
Business

Q2 results paint a bleak picture for market, Adani Ports and SEZ in stable waters; all this and more on Moneycontrol Pro

Adani Ports volumes rose sharply despite depressed market conditions in global trade, which has affected India’s trade too.

Tripura's Sabroom to get respite from water shortage as Bangladesh allows India to draw 1.82 cusecs from Feni river; here's why it's important
World

Tripura's Sabroom to get respite from water shortage as Bangladesh allows India to draw 1.82 cusecs from Feni river; here's why it's important

Bangladesh's gesture provides some relief to Sabaroo residents who were forced to rely on groundwater as their only source of potable water, but that too is unfit for consumption due to high iron content

Govt may soon announce measures to boost exports; tax benefits to units in SEZ likely to get extension
Business

Govt may soon announce measures to boost exports; tax benefits to units in SEZ likely to get extension

The government is expected to soon announce measures for certain sectors, including gems and jewellery, to boost the country's subdued exports, an official said

Union Budget 2019: Nasscom seeks new tax-friendly special economic zone policy beyond 2020
Business

Union Budget 2019: Nasscom seeks new tax-friendly special economic zone policy beyond 2020

IT body Nasscom has urged the government to continue the tax incentives to units in special economic zones beyond March 2020, saying that such a move will provide the industry with certainty and enable them to invest in a long-term strategy

India gets $42 billion FDI in 2018 on robust inflows in manufacturing, communication and financial services: UN report
Business

India gets $42 billion FDI in 2018 on robust inflows in manufacturing, communication and financial services: UN report

In South Asia, FDI inflows increased by 3.5 percent to $54 billion, said the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2019

Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny
Business

Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny

Since the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.

Lupin seeks more time from govt to complete project in Indore SEZ; board of approval to take up matter on 22 April
Business

Lupin seeks more time from govt to complete project in Indore SEZ; board of approval to take up matter on 22 April

Lupin received the LoP on 12 April, 2016. It has already received two extensions, valid till 11 April this year.

Govt approves Adani Power's Rs 14,000-cr Jharkhand special economic zone project
Business

Govt approves Adani Power's Rs 14,000-cr Jharkhand special economic zone project

The government has approved a Rs 14,000-crore special economic zone (SEZ) project of Adani Power in Jharkhand, which will export entire power generated to Bangladesh, an official said

Adani Group wins bid to operate six airports: Why Gautam Adani will continue to consolidate hold on logistics sector
Business

Adani Group wins bid to operate six airports: Why Gautam Adani will continue to consolidate hold on logistics sector

For Adani anything that has to do with logistics is of immense interest. Airports represent not merely passengers. They represent cargo as well.

Govt allows export of biofuels from special economic zones and export-oriented units
Business

Govt allows export of biofuels from special economic zones and export-oriented units

The government has allowed export of biofuels from special economic zones (SEZs) and export-oriented units (EoUs) with certain conditions, according to a notice of the directorate general of foreign trade

Realty sector seeks extension of tax holiday sunset clause for SEZs to boost office demand, drive fresh investments
Business

Realty sector seeks extension of tax holiday sunset clause for SEZs to boost office demand, drive fresh investments

From a real estate developer’s perspective, increasing the scope of affordable housing projects qualifying for the tax holiday would make it more attractive for new project investments.

10% quota for upper castes: Make govt jobs less cushy, says MIT economist Abhijit Banerjee
Business

10% quota for upper castes: Make govt jobs less cushy, says MIT economist Abhijit Banerjee

Banerjee said on Wednesday that people prefer government jobs as they are well paid and have no very strong obligation to work.