Special economic zones Current Affairs, GK & News

Special Economic Zones

Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 and received Presidential assent on the 23rd of June, 2005. The act envisages that the SEZs would attract a large flow of foreign and domestic investment in infrastructure and productive capacity leading to generation of additional economic activity and creation of employment opportunities. ..

Union Budget 2022-23-Highlights

On February 1, 2022, the Union Finance Minister Nirmala Sitaraman presented the Union budget 2022-23. The budget focuses on macro economic growth, energy transition, promoting digital economy, climate action, tech enabled development, crowding in private investment. Here are the highlights of the budget. Key Highlights Digital Rupee is to be issued using block chain technologies ..

Month: Current Affairs - February, 2022

Category: Economy & Banking Current Affairs - 2022

Topics: ‘PM Gati Shakti’ Masterplan • Block chain • credit guarantee programme • Crypto Currency • digital economy • digital rupee • E-Passport • Energy transition • Finance Minister • Financial inclusion • Green Bonds • India solar energy • Ken Betwa River Project • Macroeconomic policy • Minimum Support Price • Multi Modal Logistics Park • National Tele Mental Health Programme • nirmala sitaraman • oil seeds • PLI • PM eVidya programme • Special economic zones • Union Budget • Union Budget 2022-23 • Zero Fossil Fuel Policy

Pradhan Mantri Gatishakti National Master Plan

Prime Minister Narendra Modi announced a Rs 100 lakh crore Pradhan Mantri Gatishakti initiative on August 15, 2021. Key Points This initiative will create employment opportunities for youth in India. It will also lead to growth and development of infrastructure. In his address, Prime Minister highlighted that, Gatishakti-National Master Plan will be announced soon. Prime ..

Month: Current Affairs - August, 2021

Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs

Topics: Coastal Economic Zones • Gatishakti-National Master Plan • Pradhan Mantri Gatishakti initiative • SEZs in India • Special economic zones

GoI revamps PCPIR Policy

On June 25, 2020, the chemicals and Fertilizers Advisory Forum meeting was held. The meeting was chaired by the Union Minster of Chemicals and Fertilizers Shri Sadananda Gowda. Highlights This was the second meeting attended by the members of the forum. The forum members during the meet discussed possible ways to realize Atma Nirbhar Bharat ..

Month: Current Affairs - June, 2020

Category: India Nation & States Current Affairs

Topics: Atma Nirbhar Bharat Abhiyan • BIS standards • Chemical industry • Ease of Doing Business • PCPIR • Petrochemicals • Policy in India • Special economic zones • World Bank

Tripura gets its first Special Economic Zone(SEZ)

The Ministry of Commerce and Industry on Monday, 16th December 2019 has notified the setting up of the first-ever Special Economic Zone(SEZ) in Tripura. The Special Economic Zone(SEZ) in Tripura will be set-up at the Paschim Jalefa region of Sabroom in the South Tripura District, which is about 130 km away from the capital city ..

Category: India Nation & States Current Affairs

Topics: Agartala • Bamboo • Income Tax • Industries • Special economic zones • Textile • Tripura • Tripura Industrial Development Corporation

Usha Thorat heads RBI task force on Offshore Rupee Markets

The RBI task force on Offshore Rupee Markets (ORM), headed by Usha Thorat, has suggested liberal currency market for offshore users. The panel recommended that onshore market hours may be suitably extended to match the flexibility provided by the offshore markets (or NDF markets). This is aimed at incentivizing non-residents to hedge in the onshore ..

Topics: Corporate tax avoidance • Currency • Currency symbols • Economy • Finance • Foreign exchange market • Indian rupee • International Financial Services Centre • Market risk • Rupee • Special economic zones • Tax avoidance

Indian Proposal to Halt Waste Dumping Defeated

A proposal moved by India to prevent developed countries from dumping their electronic and plastic waste onto developing countries was defeated at the meeting of the Basel Convention in Geneva. The breakthrough was made through an amendment to the Convention to include plastic waste in a legally-binding framework. The amendment calls to make global trade ..

Topics: Basel Convention • developed countries • developing countries • Geneva • Plastic Waste • Special economic zones