Denotified SEZs to refund sopsNEW DELHI June 25, 2009: Developers of denotified special economic zones (SEZs) will have to refund tax sops given by the government, according to new rules on the anvil, a government official said. The government has found it necessary to draw up rules for denotification of SEZs after some developers recently sought permission to close projects due to the economic slowdown and contraction in demand.The new rules are likely to disallow denotific... Mahesh Vyas: SEZs aren't delivering, time to scrap the schemeDespite the special incentives they get, SEZs today comprise under five per cent of all fresh investments announced in the country, says Mahesh VyasNokia SEZ got sops worth Rs 645 crCHENNAI June 20,2009: The Tamil Nadu government granted financial sops worth Rs 645.4 crore for Nokia Telecom Special Economic Zone by offering to rei...Govt likely to allow SEZ developers to raise ECBsNEW DELHI June 23,2009: The government is considering to permit developers and units in the Special Economic Zones (SEZs) to raise external commercial borrowings, a move that could reopen the window for mopping up overseas funds.An announcement to this effect could be made in the Budget scheduled to... BoA clears 23 SEZ proposalsNew Delhi June 20,2009: The Board of Approvals (BoA), chaired by Commerce Secretary Rahul Khullar, today approved K Raheja Universal's request to scrap its Navi Mumbai SEZ and also allowed 23 developers more time to develop the tax-free industrial enclaves.PRESS NOTE: PUBLIC PRICE OF NOKIA SEZ's 'success' in India: A Citizens' Research Collective Report17th June 2009, Chennai/Delhi/Finland: The Tamil Nadu government granted financial sops worth Rs 645.4 crore for the “success” of Nokia Telecom Special Economic Zone located in Sriperumbadur, Kancheepuram. A Citizens’ Research Collective’s report based on information obtained through Right ...SEZ promoters to contest Goa govt's decisionMUMBAI June 18,2009: The seven special economic zones (SEZs) promoters have decided to challenge the Goa government's decision to withdraw the state SEZ policy. The Digambar Kamat-led government on Monday resolved to scrap its own policy that had cleared as many as 15 SEZs.Farmers’ victoryAuthor: Lyla BavdamDate: June-July 2009 The Supreme Court’s decision not to extend the deadline for land acquisition for the Mumbai SEZ is a victory for Maharashtra’s farmers. (NEW: CRC REPORT)The Public Price of Success: The costs of the Nokia Telecom SEZ in Chennai for the government and workersThe Nokia Special Economic Zone in the Suburb of south Indian city of Chennai has been celebrated as one of the main cases which prove that the Special Economic Zone policies have been successful. Nokia has been praised for providing investment, creating employment, building infrastructure, and for ...Of Public Purpose and Private ProfitAuthor: Kasturi KannanDate: February 2008 LAND in a single piece, capable of being fenced off so that it can be treated as a ‘foreign territory’, is the fundamental precondition of the ‘Special Economic Zone’. The SEZ policy (currently) calls for very large parcels of land, with a minimum area ... Why farmers hate Videocon,Reliance, Mahindra ...Author: Manshi AsherDate: June 2007 Land has been vanishing from the records DISSATISFIED and angry people gathered yet again on May 16 at Wagholi. 20 km from Pune city,to chalk out a strategy on how to deal with the Special Economic Zone (SEZ) crisis that has hit their lives,"This government actually d... |
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