NITI Aayog, a policy think-tank of the government, is pushing for a 10-year corporation tax holiday for proposed coastal economic zones (CEZs) provided these generate a threshold of employment. An informal proposal to this effect came at a time when the finance ministry is looking at phasing out exemptions given on corporation tax and reducing the levy to 25 per cent from the current 30 per cent at present.

Source - http://www.business-standard.com