Debunks Reservations From RBI

While the Commerce Ministry debunks reservations from RBI, besides caveats from the Finance Ministry (which has signalled earnings losses at Rs.140,000 crore due to huge exemptions on taxes, customs & excise duties), IMF and WTO, the next scam – the tax evasion and land-grab rip-off – looms ominously on the horizon. SEZs are better off being treated like their nomenclature suggests – meticulously planned select megaspaces offering the fundamentals of gubernatorial liberty, rock-solid infrastructure and access routes, and perhaps, tax exemptions of a much lesser magnitude. It’s only then they will ever achieve the economies of scale and stupendous progress they are capable of. For now though, a long, hard rethink on the science behind SEZ would augur well. So would a vigilant eye by authorities; elementary mathematics SEZ so...

For Complete IIPM-Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)