Current Affairs - Miscellaneous - Discussion

Baba Kalyani led committee constituted by the Ministry of Commerce and Industry to study the existing Special Economical Zone(SEZ) policy of India submitted its report to Union Minister for Commerce & Industry and Civil Aviation Suresh Prabhu in New Delhi. The reports of the committee were made public on 22nd January and government is seeking suggestions or comments on the recommendations of the committee till 30th January 2019. Objectives of the Baba Kalyani led committee which was constituted in June 2018 were to evaluate the SEZ policy and make it World Trade Organization (WTO) compatible, suggest measures to maximize utilization of vacant land in SEZs. The report says that if India is going to become a USD 5 trillion economy by 2025 then the current environment of manufacturing competitiveness and services has to undergo a basic paradigm shift.