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NCP leader Eknath Khadse s son-in-law files bail plea in money laundering case, alleges political scapegoating
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Tesla offered 1,000 acres of land in Gujarat, to set up plant in Mundra
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Mumbai: Maha to shower incentives on Oxygen manufacturing plants in state
PTI (Representational Image)
The Maharashtra Government has issued a notification on a slew of incentives to be provided to industrial units setting up oxygen manufacturing plants. The government will refund 110% gross state GST, waiver on stamp duty, electricity subsidy of Rs 2 per unit for the next 5 years, special capital subsidy for five years, 100-150% return on investment amongst other incentives. In addition, the government through its special industrial policy under Mission Oxygen Svavalamban (self-reliant) will provide a 5% subsidy on interest rate for micro, small and medium enterprises with an investment limit of Rs 50 crore.
An Impending SC Judgment Can Change How Land Rights Are Seen Countrywide
The case, which relates to Tamil Naduâs attempts to exempt the LARR from applying to infrastructure and industrial projects, would have nationwide ramifications.
Supreme Court building. Photo: The Wire
Rights01/Mar/2021
The Supreme Court will soon decide whether states can avoid using the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act of 2013 (or LARR) when acquiring private properties for public projects.
The Supreme Court case relates to an appeal filed by the Tamil Nadu government against a Madras high court order from July 2019. The high court had struck down an attempt by the Tamil Nadu government in 2014 to exempt the application of the LARR to three state laws that have provisions for the acquisition of land. These provisions are similar to the British-era Land Acquisition Act of 1894, which the LARR had repealed and replaced.
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