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TMI BlogArea Based Exemption – Growth of employment is not at par with investmentX X X X Extracts X X X X X X X X Extracts X X X X ..... Area Based Exemption – Growth of employment is not at par with investment - Commentaries / Editorials Dated:- 22-8-2007 - News - Area Based Exemption - Growth of employment is not at par with investment " A comparison chart showing generation of employment against investment of Rs. 1 crore where the investors enjoy exemption form taxes as per the policy of the Central Government: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... State Period Investment (Rs. in Crores) Employment No. of Employment generated for Rs. 1 crore Jammu Kashmir 14.6.2002 to 31.3.2007 3403.47 72,209 21.22 Himachal Pradesh 7.1.2003 to 31.3.2007 2053.24 37,893 18.46 Uttrakhand 7.1.2003 to 30.6.2006 19035.88 1,40,972 7.41 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Source: - Reply submitted by Minister of State in the Ministry of Finance, Shri S.S. Palanimanickam in the RAJYA SABHA on 21-8-2007 to a question raised by Shri Naresh Gujaral) The scheme of exemption from taxes is working fine in the state of J K and HP. But the same scheme failed to generate more employment in the state of Uttrakhand. We hope that Government may take the following steps to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ensure that the above data is correct and the scheme is not being misused: - Verify the number of employees registered with the department of PF / ESI before announcement of these schemes and thereafter. - Verify the number of dummy units working into these areas. - Find the reason of less yield in terms of generation of employment in the state of Uttrakhand - News - Press release - P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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