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Area Based Exemption – Growth of employment is not at par with investment

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..... Area Based Exemption – Growth of employment is not at par with investment
News and Press Release
Dated:- 22-8-2007

Area Based Exemption - Growth of employment is not at par with investme .....

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..... nt " 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: State Period .....

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..... 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 .....

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..... 37,893 18.46 Uttrakhand 7.1.2003 to 30.6.2006 19035.88 1,40,972 7.41 (Source: - Reply submitted by Minister of State in the Ministry of Finance, Shri S.S. Palanimanickam in the RAJYA SABHA on .....

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..... 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 st .....

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..... ate of Uttrakhand. We hope that Government may take the following steps to ensure that the above data is correct and the scheme is not being misused: - Verify the number of employees registered wit .....

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..... h 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 .....

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..... of employment in the state of Uttrakhand
News - Press release - PIB .....

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