SEZ Current Affairs, GK & News

Amendment in Biofuels Policy

May 22, 2022

The Union Cabinet recently made amendments to the National Biofuel Policy 2018. What are the amendments? The target for achieving 20% ethanol blending in petrol is advanced by five years. Thus, the new target is 2025-26 instead of 2030. Other amendments to the biofuel policy are: Allowing more feedstock for the production of biofuels. Allowing ..

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Home Ministry issues Guidelines for Lock Down 2.0

April 15, 2020

On April 15, 2020, the Ministry of Home Affairs launched revised guidelines for lock down 2.0. The second lock down, also called the smart lock down aims to consolidate the gains achieved by the first lock down. It is to be extended till May 3, 2020 Highlights Under the smart lock down the public transport ..

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SEZs manufacturing essentials like pharmaceuticals, hospital equipment are operational

March 31, 2020

Around 280 SEZ (Special Economic Zones) that are involved in manufacturing essential goods such as pharmaceuticals, drugs and hospital equipment are operational amidst Lock Down. These economic zones contribute 18% of the exports of the country. Highlights While addressing the ministers video conference of G20, the Union Minister Piyush Goyal said that India has not ..

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Special Economic Zones in India

March 23, 2020

The status of Special Economic Zones in the country was recently discussed in the Lok Sabha. The Minister of Commerce and Industry gave a written reply about SEZs. About SEZ Special Economic Zones are areas which offer tax and other incentives to businesses to promote economic activity. The SEZ model was introduced to replace its ..

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First SEZ in Tripura to focus on agro-based food processing

December 18, 2019

The Government of India approved the first SEZ (Special Economic Zone) at Sabroom, Tripura in October 2019. Recently, it was announced that the SEZ will primarily focus on agro-based food processing. Union Government is expected to invest around Rs 1550 crore in the project. Highlights The SEZ is to be developed by the Tripura Industrial ..

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Belgium opens honorary consulate in GIFT City

April 26, 2017

Belgium has become the first country to open an honorary consulate office in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat. Belgium already has two Consulates-General in Mumbai and Chennai, and an honorary consulate in Kolkata. The consulate was inaugurated by Belgian Secretary of State for Foreign Trade, Pieter De Crem. Hari Sankaran, Vice-Chairman and ..

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