« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  Vodafone case: CBDT to file caveat ... Fiscal stimulus to revive the economy... » Centre urges RBI to grant infra status to SEZs December, 03rd 2008 The Cabinet has urged the Apex bank to grant infrastructure status to the Special Economic Zones (SEZ) for encouraging the exports, which are badly hit by recession in the US and several European economies. India`s exports plunged by over 12% in October this fiscal under the impact of global slowdown. At present, the Reserve Bank of India (RBI) considers SEZs as real estate as a result of which promoters have to pay higher interest on bank loans. Banks charge higher interest from the real estate promoters because they need to provide increased provisioning. However, the central bank is yet to implement the government directive, which was issued after a decision of the empowered group of ministers (eGoM), said L B Singhal, director general of the Export Promotion Council for Export Oriented Units (EOUs) and SEZs. Since the SEZ Act, 2005, came into force, exports from SEZs have been Rs 660 billion. The SEZ exports are likely to reach over Rs 1,000 billion by the end of this fiscal, Singhal said. He said the Central government has already decided to provide service tax exemptions to SEZs for services provided outside the tax-free zones. The department of commerce is working on extending the tax refund benefits to SEZs under the Duty Entitlement Passbook Scheme (DEPB) as well as Duty Drawback scheme. In addition, the ministry of finance (FinMin) would be coming out with directives to provide central value added tax (CENVAT) credit benefits for manufacturing within SEZs.