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
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.