Lagatar24 Desk
New Delhi, Feb 1: Presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman said on Tuesday that Special Economic Zones Act will be replaced with new legislation for the development of enterprise and hubs. It will cover the existing industrial enclaves and enhance the competitiveness of exports.
To reduce the delay in payment, an online bill system will be launched which will be used by all the Central ministries.
SEZ (Special Economic Zones) Act will be replaced with new legislation…for the development of enterprise and hubs… It will cover the existing industrial enclaves and enhance the competitiveness of exports: FM Nirmala Sitharaman #Budget2022 pic.twitter.com/CVJNQ28PpX
— ANI (@ANI) February 1, 2022
“To promote a shift to the use of public transport in urban areas…special mobility zones with zero fossil fuel policy to be introduced…Considering space constraints in urban areas, a ‘Battery Swapping Policy’ will be brought in,” said Finance Minister.
Notably, Finance Minister Nirmala Sitharaman is presenting her fourth budget, with the goal of keeping India’s status as the world’s fastest-growing economy.
