The Union Budget, 2000 awarded a Tax Holiday for the North-Eastern Region to promote industrialisation for

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Q: 80 (IAS/2001)
The Union Budget, 2000 awarded a Tax Holiday for the North-Eastern Region to promote industrialisation for

question_subject: 

Current Affairs

question_exam: 

IAS

stats: 

0,13,40,25,12,3,13

keywords: 

{'union budget': [1, 0, 2, 2], 'tax holiday': [0, 0, 1, 0], 'industrialisation': [2, 1, 2, 1], 'years': [1, 0, 0, 2]}

The Union Budget, 2000 awarded a Tax Holiday for the North-Eastern Region to promote industrialization for:

10 years

The Union Budget of 2000 introduced tax incentives and benefits to promote industrialization and economic development in the North-Eastern Region of India. As part of these measures, a tax holiday was granted to eligible industries operating in the region. This tax holiday allowed qualifying industries to enjoy exemption from certain taxes for a period of 10 years.

The intention behind the tax holiday was to attract investment, stimulate industrial growth, and create employment opportunities in the North-Eastern Region, which historically faced developmental challenges compared to other parts of the country. By providing tax incentives, the government aimed to encourage businesses to set up operations in the region and contribute to its economic development.