China has decided to revive the ancient 'Southern Silk Road' to strengthen its trade ties with South and South-east Asian neighbours. The Silk Route, originating from the Chinese city of Chengdu, wandered through Myanmar and then extended to Bangladesh, India and even the Middle East. In Beijing, a senior government official has said that the Southern Silk Road will be used as an economic corridor
Now the Government has tried to revive investor interest in Special Economic Zones (SEZ) after slapping minimum alternate tax on them three years ago, which drove SEZ investors away. Now the government is striving to revive investors' interest by halving the minimum area requirement for multi-product and sector-specific zones and doing away with the condition totally for IT zones.
The Union Civil Aviation Ministry is planning to revive the Juhu airport in Mumbai to ease the traffic burden in the city. The move is in view of the air traffic at the Mumbai airport rising and the proposed Navi Mumbai airport getting delayed. The Union Civil Aviation Minister Ajit Singh said that Juhu (airport) becomes very important if Mumbai has to maintain its position as the commercial and financial capital of India.