Thursday, Apr 18 2019 | Time 23:56 Hrs(IST)
  • EC studying bipoic on PM, asks for complete speech in Latur
  • IAS officer’s noble step
  • IAS officer’s noble step
  • Cop fires gun just before PM's arrival
  • BJP leaders demands govt to punish culprits over Ambedkar statue damage
  • MI beat DC by 40 runs
  • MI beat DC by 40 runs
  • Non-bailable case filed against Kerala BJP chief
  • LS polls: K'taka records 67 67 pc polling in 14 segments
  • About 56 per cent polling recorded in 3 LS constituencies of Vidarbha
  • J&K BJP writes to EC, demands FIR against Cong leaders
  • Couple kill son, selves
  • Chhattisgarh registers record voter turn-out of 71 09 pc in three Parliamentary seats
  • BJP rule in MP was era of falsehood: Nath
  • Govt decides to allocate vacated 443 slots of Jet Airways to other airlines
Business Economy

No agri export zone after 2004

New Delhi, Jan 1 (UNI) The Government has set up no new agri export zone (AEZ) after 2004, official sources said here.
The concept of AEZ was introduced in 2001 through EXIM Policy 1997-2001 to take a comprehensive look at a particular produce located in a contiguous area for the purpose of developing and sourcing the raw materials, their processing/packaging, leading to final exports.
The concept hinged primarily on convergence of existing Central and state government schemes to take care of financial interventions required at various stages of value chain; partnership among various stakeholders viz. Central government, state government, farmer, processor, exporter; and focus on targeted products and areas to identify required policy interventions. All these activities did take place in certain respects in the notified Agri Export Zones.
The sources said in December 2004, an internal peer review conducted by Department of Commerce concluded that the notified AEZs had not been able to achieve the intended objectives.
It was, therefore, decided that there will be no creation of new AEZs, unless there were strong and compelling reasons. No new AEZs have been set up after 2004. All the notified AEZs have completed their intended span of five years and have been discontinued.
In all 60 AEZ were notified by the Government till 2004-05.
More News

Govt decides to allocate vacated 443 slots of Jet Airways to other airlines

18 Apr 2019 | 11:02 PM

New Delhi, Apr 18 (UNI) The Government on Thursday said it would allot 443 slots in Delhi and Mumbai, vacated after the cash-strapped airline Jet Airways suspended its flight operations temporarily.

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Happi Mobiles to open 150-200 stores this fiscal in AP, Telangana; eyes at Rs 500 cr turnover

18 Apr 2019 | 10:53 PM

Hyderabad, Apr 18 (UNI) Happi Mobiles, a multi brand mobile retail chain, plans to open 150-200 new stores in the both Telugu states of Telangana and Andhra Pradesh during the current financial year and is also planning to expand its footprint to western parts of the country after Pongal to grab between 8-10 per cent market share.

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Mantra raj Paliwal plans to cross Rs 300 cr in revenue from retail biz

18 Apr 2019 | 9:35 PM

New Delhi, Apr 18 (UNI) After achieving success in the Cinema-Exhibition business across the country, Miraj Group, one of the country's leading business conglomerate, now aims to set its strong foothold in the retail industry in India by crossing Rs 300 crore revenue in the next five years, from existing Rs 10 crore, by setting up 300 supermarkets and 50 apparel stores and hypermart stores across the nation.

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HYSEA organises Annual Infrastructure Summit 2019

18 Apr 2019 | 8:08 PM

Hyderabad, Apr 18 (UNI) HYSEA ( Hyderabad Software Enterprises Association) organised its first ever Infrastructure Summit at HICC here on Thursday.

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Mastercard commits to empower 10 mn merchants by 2020

18 Apr 2019 | 8:02 PM

New Delhi, Apr 18 (UNI) Mastercard expressed commitment to empower 10 million merchants with digital payments acceptance capabilities by 2020.

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