Page 2 - Sezs

Goyal holds consultations with SEZ stakeholders on work from home facility

The commerce ministry on Friday held discussions with stakeholders of Special Economic Zones (SEZs) on the issue of work from home facility. The consultations assume significance as the ministry is considering to allow 100 per cent Work From Home (WFH) for employees of units in SEZs. In a tweet, the office of Commerce and Industry Minister Piyush Goyal said, he "held consultations with SEZ stakeholders over Work from Home facility. With the hybrid model here to stay, the government is working to provide flexibility and create jobs in small cities to boost exports and fuel growth". At present, WFH is permitted for a maximum period of one year in a SEZ unit and can be extended to 50 per cent of the total employees. Meanwhile, Goyal also held a meeting with Taiwan's Deputy Minister of Economic Affairs Chern-Chyi Chen. "Discussed enhanced cooperation in several areas of mutual interest and explored ways to further boost bilateral trade and investments between India and Taiwan," a sepa

Finance ministry rejects 15% benign corporate tax in DESH Bill

Although the commerce ministry is making efforts to finalise the DESH Bill and introduce it in the parliament during the winter session, the finance ministry's stance may delay it

DESH Bill likely to be reworked after finance ministry raises concern

The Bill, which will replace the SEZ law, is facing hurdles due to lack of consensus between the commerce and finance ministries

Centre garners Rs 3,000 crore from windfall tax on oil and gas firms

It is likely to continue with the levy till the Indian basket of crude is above $80 a barrel

Commerce department recast to bring more focus on trade policy making

The DGFT has been already working on the much-delayed foreign trade policy, which is now expected to be released by the end of September

TMS Ep224: UPI-credit card link, monkeypox, auto firms' results, DESH Bill

Will UPI on credit cards take off? Should India be worried about monkeypox? Will easing chip shortage perk up auto firms' Q1 commentary? What is the DESH Bill? All answers here

What is the DESH Bill?

The govt is likely to introduce the Development of Enterprise and Service Hubs (DESH) Bill in the upcoming monsoon session of Parliament. How will it overhaul the ecosystem of special economic zones?

New SEZ law to focus on job creation and research, not foreign exchange

The Bill shall propose the re-introduction of certain direct tax benefits, under which units set up in these development hubs shall attract a 15 per cent corporate tax until 2032

Levy on fuel exports slashed; govt exempts SEZs from windfall tax

Move to benefit RIL, ONGC and Oil India

TMS Ep210: Govt vs Big Tech, SEZs in India, crude oil prices, IPO allotment

Why's there a growing unease between the govt and Big Tech in India? Why have SEZs not taken off in India? Where are crude oil prices headed? How to apply for an IPO and check allotment? Answers here.

Why have Special economic zones (SEZ) not taken off in India?

Special economic zones have delivered mixed results in India. The government is now working on a new law to address some of the problems. Here's India's experience with SEZs so far and the challenges

Proposed DESH law aims to grant SEZs greater flexibility, but will it work?

Some experts see significant positives, other believe problems associated with older policy will persist

SEZ 2.0: Regional boards to track development hubs on the cards

The commerce and industry ministry is drafting a legislation for the next chapter for SEZs that will see development of large manufacturing and investment hubs

New law, old problems

Industrial hubs won't alter SEZ weaknesses

Govt-appointed panel to finalise RoDTEP rates for SEZs by mid-June

The committee is likely to submit its report to the department of commerce by mid-June

Fading SEZ appeal

India needs to get the basics right

SEZ exports lag overall rate in April-November, shows govt data

India's overall exports rose nearly 36% YoY, while those from SEZs posted 31% growth in this period

Budget 2022: SEZ 2.0 to revive activities, says Commerce secy Subhramanyam

Subramanyam also said that the Union Cabinet has already approved the interest equalisation and the modified version of the scheme will be soon notified

Budget 2022: Reforming SEZ Act to enhance competitiveness, says industry

The government will rewrite a new law to replace the existing SEZ Act as it seeks to enhance exports, FM Sitharaman said on Tuesday.

Budget 2022-23: New law to replace existing Special Economic zones Act

To enable the ease of doing business in SEZ units, the government will also undertake reforms in customs administration of SEZs and make it fully IT driven.