South India is way ahead of other regions in encashing on the tax-free special economic zones scheme as 79 of 130 functional SEZs are located in four southern states. Among southern states, Andhra Pradesh is on the top of the table with a maximum number of 32 operational special economic zones (SEZs) followed by Tamil Nadu (22), Karnataka (20) and Kerala (7), according to the latest government data. The sector-wise data shows...

Budget 2011-12 marks a sharp retreat of the government from the social and economic sectors. It has cut back expenditures in sectors that matter to common people, especially the poor. On the other hand, it has given huge concessions to the corporate sector in the form of tax cuts and exemptions. Let us take the overall fiscal stance of the budget. The underlying strategy is to reduce its fiscal deficit to...

On the eve of the presentation of the Union Budget by Finance Minister Pranab Mukhrejee, Janata Dal (United) President Sharad Yadav said here on Sunday that his party wanted an agriculture-friendly budget and that emphasis be given to protect the fertile land of the country. “The Budget should take measures to save the agricultural sector of the country for the sake of food security. Steps should be taken to save the...

Buoyed by the imminent scrapping of Reliance Industries-promoted Mumbai special economic zone, aggrieved farmers and activists are now gunning for seven other proposed SEZs in Maharashtra. Anti-SEZ groups will soon agitate to demand denotification of the fertile land earmarked for projects in the Konkan, western Maharashtra, Marathwada and Vidarbha. The activists got a shot in the arm on Friday when their four-year struggle forced the government to denotify 16,900 acres of land...

In a move that could spell the end of Reliance Group's Mumbai Special Economic Zone (MSEZ), the Maharashtra government on Friday issued a notification to denotify the land acquisition process for the project that saw stiff opposition from villagers. State Revenue Minister Balasaheb Bhausaheb Thorat told The Hindu that the remark “land earmarked for acquisition” would be removed from all the land titles for the total SEZ area of 16,900...