Gujarat Current Affairs - 2019

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Google invites Narendra Modi to address Big Tent Activate Summit

Narendra Modi is the first CM from India who has been invited to address the Google Big Tent Activate Summit 2013 on March 21 through Google+ hangout on the theme ‘Technology in Politics’.

Other elites like Eric Schmidt, Chairman of Google Inc, Alan Rusbridger, the Editor-in-Chief of British newspaper The Guardian and Stephanie Cutter, who served as the Deputy Director in US President Barack Obama’s 2008 and 2012 campaigns, will also be seen participating in the summit.

Modi will address the summit which will be centered on the influence of web in shaping India’s future, in areas of business and economics, politics and governance, culture and media, and education.

What is Big Tent Summit?

  • Big Tent summits are meets organized by Google providing a platform to bring together experts from various fields, political leaders, thinkers to discuss on a variety of issues.

Month: Categories: Persons in News

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Partial de-notification of RIL SEZ approved by the Govt

Union Government gave nod to Reliance Industries’ plans of de-notifying more than 40 % of its multi-product Special Economic Zone (SEZ) in Jamnagar subject to refund of all tax benefits it got for developing the area. However, the multi-product status of SEZ will remain intact as the total area would remain higher than the minimum required area of 1,000 hectares. The Govt has asked the company to get a no-objection-certificate from the Government of Gujarat.

The Board of Approval, which takes most decisions regarding the establishing and operation of SEZs, approved  RIL’s proposal to denotify 728.43 hectares, reducing the total area of its Jamnagar SEZ to 1035.72 hectares. However, the multi-product status of SEZ will remain intact as the total area would remain higher than the minimum required area of 1,000 hectares.

Why this de-notification?

RIL had applied for de-notifying about 40 % of its SEZ spanned over 1764.14 hectares as it intends to build new projects in the area with investments up to Rs 42,000 crore. Apart from Reliance, a number of SEZs have applied for de-notification and cancellation of approval following the Government’s decision to levy the minimum alternate tax and dividend distribution tax on SEZ investors.

Month: Categories: Business, Economy & Banking

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