Mains-75: Changes in Industrial Policy and their Effects on Industrial Growth
Both the houses of Parliament, Lok Sabha and Rajya Sabha have passed the Special Economic Zones (Amendment) Bill, 2019. The features of the bill are: The bill amends the Special Economic Zones Act, 2005 which provides for the establishment, development and management of Special Economic Zones for the promotion of exports and replaces an Ordinance ..
How does SEZ concept help investors in India? Enumerate the features of the Special Economic Zones (Amendment) Bill, 2019.
SEZ are set up under Special Economic Zones Act, 2005.These are as duty free enclaves to be treated as foreign territory. SEZ are allowed for manufacturing, trading and service activities. The SEZ model was inspired by Chinaï¿½s SEZs. Benefits for investors: It promises single window and speedy approvals The approval committee is empowered and meets ..
It is seen that the industrial activity in India has begun on a higher note in the new financial year when compared to the last fiscal or quarter. It was seen that the industrial output grew by 3.4% which was fuelled by revival in manufacturing and output growth. This was a sharp upswing as compared ..
The Pradhan Mantri Shram Yogi Mandhan is a pension scheme for informal workers which was announced in the Interim Budget under which the beneficiaries will get a sure pension of Rs. 3000 per month after they cross the age of 60. They will in turn have to contribute Rs. 55 per month or Rs. 100 ..
What are the champion service sectors identified by the union commerce ministry? What is the significance of the move?
The Union Cabinet has approved the proposal of the Department of Commerce to give focused attention to 12 identified Champion Services Sectors for promoting their development and realizing their potential. The 12 identified Champion Services Sectors Information Technology & Information Technology enabled Services (IT & ITeS), Tourism and Hospitality Services, Medical Value Travel, Transport and ..