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. ..

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 ..

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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 ..

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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 ..

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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 ..

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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 ..

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