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Area Based Exemption – Growth of employment is not at par with investment |
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| 22-8-2007 | |||||||||||||||||||||
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:
(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 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 |
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