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For SIR’s sake

While the fate of Becharaji-Mandal Special Investment Region for automobiles and ancillary units hangs in the balance following intense protests by local farmers of 44 villages in Mehsana district

Written by Express News Service | Published: July 24, 2013 4:28 am

While the fate of Becharaji-Mandal Special Investment Region for automobiles and ancillary units hangs in the balance following intense protests by local farmers of 44 villages in Mehsana district,Chief Minister Narendra Modi Tuesday advised his officials at a meeting of Gujarat Infrastructure Development Board that there was need to counsel locals on opportunities and potential development that SIR could possibly bring. He also told his officials that locals from such regions should be provided with capacity building and skill development training. Clearly,the Modi government,which boasts of an investor-friendly image,does not want any trouble in industrial zone,especially after episode of cancellation of proposed Nirma cement plant in Bhavnagar district. Becharaji-Mandal SIR has the Maruti-Suzuki plant as flagship unit.

Help! Where do I put my money?

In order to help investors in matters relating to securities market,the Securities and Exchange Board of India (SEBI) had launched two helpline numbers in 2011. But surprisingly,people have been calling up these numbers asking for investment tips. “About 10% of the calls that come on this helpline are from investors seeking tips. Such calls end up clogging the system,” said Tejas Patel,an SEBI official.

Nitin’s fine-nance aide

State’s Finance Minister Nitin Patel,at the meeting of Empowered Committee of State Finance Ministers at New Delhi held July 22,was accompanied by his Cabinet colleague and Energy & Petrochemicals Minister Saurabh Patel. It raised many eyebrows,given Saurabh’s profile which did not warrant his presence in the meet. But what gave him a locus standi was his earlier stint as minister of state for finance when he went deep into the issue of indirect tax system (GST),which the empowered committee is trying to finalise,and therefore he was Nitin’s best bet,who has held the finance portfolio for only a year so far. At present,the main task ahead of empowered committee is to pursue the GST.

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