Tuesday, 22 August 2017


special economic zone (SEZ)

 SEZ is a geographical region that has economic laws different from a country’s typical economic laws.
 Usually the goal is to increase foreign investments.
 Any private/public/joint sector or state government or its agencies can set up an SEZ.
 A SEZ is a designated duty free enclave to be treated as foreign territory for the purpose of trade operations and duties and tariffs.
 Before recommending any proposals to the ministry of commerce and industry (department of commerce), the states must satisfy themselves that they are in a position to supply basic inputs like water, electricity, etc.
 Companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.
The main objectives of the SEZ Act are:
 Generation of additional economic activity.
 Promotion of exports of goods and services.
 Promotion of investment from domestic and foreign sources.
 Creation of employment opportunities.
 Development of infrastructure facilities

 Diamond Quadrilateral

 The Diamond Quadrilateral is a project of the Indian railways to establish high speed rail network in India.
 This quadrilateral will connect the four metro cities in India, i.e. Delhi, Mumbai, Kolkata and Chennai.
 Six corridors identified are:
o (i) Delhi-Mumbai, (ii) Mumbai-Chennai, (iii) Chennai-Kolkata, (iv) Kolkata-
Delhi and both diagonals i.e. (v) Delhi-Chennai and (vi) Mumbai-Kolkata
 This project is similar to Golden Quadrilateral which is a roadway project which connects the four metros by Express Ways.
 The Golden Quadrilateral falls under National Highways Development Project.

 Transparency in Power Sector

 In a bid to enhance transparency in power transmission sector of the country, the government has launched the ‘TARANG’ Mobile App, ‘e-Trans’ & ‘DEEP’ e-bidding web portals.


 It is dedicated personal storage space, linked to each resident’s Aadhaar number.
 DigiLocker can be used to securely store e-documents as well as store Uniform Resource Identifier (URI) link of e-documents issued by various issuer departments.
 The e-Sign facility provided as part of DigiLocker system can be used to digitally sign e-documents.
 DigiLocker is one of the key initiatives under the Digital India Programme.
 The initiative was launched by the Department of Electronics and Information Technology, under the Ministry of Communications and IT.

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