What does IDRA mean in DEVELOPMENT
IDRA stands for Industrial Development Regulation Act. It is a comprehensive piece of legislation enacted to regulate the establishment and operation of industries in India. The primary objective of IDRA is to facilitate industrial development in the country while ensuring environmental protection and sustainable practices.
IDRA meaning in Development in Community
IDRA mostly used in an acronym Development in Category Community that means Industrial Development Regulation Act
Shorthand: IDRA,
Full Form: Industrial Development Regulation Act
For more information of "Industrial Development Regulation Act", see the section below.
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Key Features of IDRA
- Registration and Licensing: IDRA requires all industrial units to register with the relevant authorities and obtain licenses for their operations.
- Industrial Zoning: The act defines industrial zones and regulates the location and size of industrial units based on specific parameters.
- Pollution Control: IDRA includes stringent provisions for pollution control and mandates industrial units to adhere to environmental standards.
- Incentives and Subsidies: The act provides incentives and subsidies to industries that promote sustainable practices, conserve energy, and create employment opportunities.
- Infrastructure Development: IDRA facilitates infrastructure development in industrial areas, including roads, utilities, and social amenities.
- Safety and Welfare of Workers: The act ensures the safety and welfare of industrial workers by setting standards for working conditions, wages, and benefits.
Benefits of IDRA
- Planned Industrial Development: IDRA provides a framework for orderly and planned industrial development, avoiding haphazard growth and environmental degradation.
- Environmental Protection: The act's pollution control provisions help mitigate the negative environmental impacts of industrial activities.
- Investment Attraction: IDRA's incentives and subsidies encourage investment in industrial sectors, fostering economic growth and job creation.
- Sustainable Practices: The act promotes sustainable industrial practices, reducing waste, conserving resources, and minimizing the carbon footprint.
- Worker Protection: IDRA safeguards the rights and well-being of industrial workers, ensuring fair wages, safe working conditions, and social security benefits.
Essential Questions and Answers on Industrial Development Regulation Act in "COMMUNITY»DEVELOPMENT"
What is the Industrial Development Regulation Act (IDRA)?
The Industrial Development Regulation Act (IDRA) is a law in India that aims to regulate the establishment and operation of industries. It was enacted in 1951 to promote industrial development in the country. IDRA provides a framework for the government to control and guide the growth of industries, ensuring their orderly development while protecting the interests of consumers and the environment.
What are the key provisions of the IDRA?
The key provisions of the IDRA include:
- It establishes the Central and State Industrial Development Councils to advise the government on industrial policy and development.
- It empowers the government to grant industrial licenses to businesses.
- It provides for the registration and regulation of industrial undertakings.
- It promotes the development of small-scale industries through various incentives and concessions.
- It aims to protect the interests of consumers and the environment by regulating the production and distribution of industrial products.
What is the role of the Industrial Development Councils under IDRA?
The Central and State Industrial Development Councils play a crucial role in the implementation of IDRA. These councils advise the government on matters related to industrial policy, development strategies, and the identification of priority industries. They also review the progress of industrial development and recommend measures to address challenges and promote growth.
How does IDRA regulate the establishment of new industries?
Under IDRA, businesses must obtain an industrial license from the government before establishing a new industrial undertaking. The government grants licenses based on factors such as the industry's priority, the availability of resources, and the environmental impact. This process helps the government control the growth of industries and ensure their alignment with national economic objectives.
What are the benefits of registering an industrial undertaking under IDRA?
Registering an industrial undertaking under IDRA provides several benefits, including:
- Access to government incentives and concessions, such as tax holidays and subsidies.
- Protection against competition from unregistered businesses.
- Enhanced credibility and recognition in the industry.
- Eligibility for participation in government procurement programs.
Final Words: IDRA plays a vital role in regulating industrial development in India. Its comprehensive provisions ensure a balance between economic growth, environmental sustainability, and the welfare of industrial workers. By providing a framework for planned industrialization, IDRA contributes to the overall progress and prosperity of the nation.
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