• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Economy

Jan 11, 2017, 08.40 PM | Source: Moneycontrol.com

Budget 2017: Industrial corridors, labour-intensive sectors may get a boost

Finance minister Arun Jaitley may propose a package of tax incentives for the labour-intensive leather, gems and jewellery sectors as part of the government's signature "Make in India" initiative to boost manufacturing, create jobs and revive exports.

Like this story, share it with millions of investors on M3

Budget 2017: Industrial corridors, labour-intensive sectors may get a boost

Finance minister Arun Jaitley may propose a package of tax incentives for the labour-intensive leather, gems and jewellery sectors as part of the government's signature "Make in India" initiative to boost manufacturing, create jobs and revive exports.

Post Your Comments

Share Cancel

Finance minister Arun Jaitley may propose a package of tax incentives for the labour-intensive leather, gems and jewellery sectors as part of the government's signature "Make in India"  initiative to boost manufacturing, create jobs and revive exports.

Besides, India's plans to create its own versions of China-style mega industrial cities peppered across the country equipped with production units, public utilities, residential areas, schools and hospitals will likely get a big fiscal push in Budget 2017-18.

There is expectation that outlay for industrial corridors will be substantially raised from Rs 1448 crore in 2016-17, signalling the government's intent to use these mega enclaves as one of the major vehicles to push the `Make in India' initiative.

The country has notified five major industrial corridors - Delhi-Mumbai Industrial Corridor (DMIC), Amritsar Kolkata Industrial Corridor (AKIC), Chennai Bengaluru Industrial Corridor (CBIC), Visakhapatnam-Chennai Industrial Corridor (VCIC) and Bengaluru- Mumbai Economic Corridor (BMEC), spread across 15 states.

The budget may also propose to remove minimum alternate tax (MAT) for enterprises that operate out of the 200-odd special economic zones (SEZs) in the country. Currently, units operating out of these duty-free enclaves pay MAT at the rate of 18.5 percent on their book profits.
Buy, Hold, Sell ? Hear it first on M3
Budget 2017: Industrial corridors, labour-intensive sectors may get a boost

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login