The Indian Government has not decided to alter any policy on politically sensitive issues like removing the land ceiling and relaxing the ban on compulsory land acquisition for SEZs by states, especially months before general elections, the media reported.
Similarly, imposition of minimum alternate tax of 12.5% on SEZ units proposed by the finance ministry, the empowered group of minister or eGoM, headed by External Affairs Minister, Pranab Mukherjee, also did not take a decision on the matter, as SEZ Act promises units tax relief to developers, the release said. Moreover, the commerce department argued that the imposition of tax at this juncture would tantamount to betrayal of investor's trust.
Omaxe, Reliance Industries and others took up with the government to lift the land ceiling of 5,000 hectares on multi-product SEZs. The eGoM was empowered to examine the requests and take a decision. Similarly, a decision was also expected on the Kerala government's request of allowing the state to acquire land for building SEZs owned by the government. The SEZ law bans forcible acquisition of land.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.