Question

Who is overall in charge of the special economic zone and exercise administrative control and supervision over the officers and employees?

Answer 1

Explanation:

The Special Economic Zones Act, 2005

The special Economic zones Act, 2005

1. Short title, extent and commencement.—

(1) This Act may be called the Special Economic Zones Act, 2005.

(2) It extends to the whole of India.

(3) It shall come into force on such date1 as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.

2. Definitions.—In this Act, unless the context otherwise requires,—

(a) “appointed day” with reference to a Special Economic Zone means the date on which the Special Economic Zone is notified by the Central Government under sub‑section (1) of section 4;

(b) “Approval Committee” means an Approval Committee constituted under sub‑section (1) of section 13;

(c) “authorised operations” means operations which may be authorised under sub‑section (2) of section 4 and sub‑section (9) of section 15;

(d) “Authority” means a Special Economic Zone Authority constituted under sub‑section (1) of section 31;

Answer 2

Answer: Special economic zone

Explanation:

The SEZ is an zone in trade as well as in business which has laws different from the rest of the country. It is located within country's national borders. It aims at providing balance in trade, employment, job creation, investment and overall adminsiteration.