Economic relief are provided in accordance with certain policy priorities of the government and to achieve targeted outcomes. The objectives include inter alia encouraging savings and capital investment in the economy, balanced regional development, promoting social equity, creation of infrastructure facilities, employment generation, rural development, industrial development, promoting skill development and entrepreneurship, research and development, cooperative sector, domestic manufacturing and provide a level playing field for Indian exports in the international markets. Relief is also provided in an area based approach to promote industry and commerce in identified backward areas.
This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. NirmalaSitharaman in a written reply in Rajya Sabha yesterday.
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