UNION STEEL MINISTER
India’s economy seems to be shaking off a slump
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NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matter
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL managemet.
Dharmendra Pradhan to inaugurate an integrated steel hub
Government estimates suggest capacity addition in the steel hub would entail capital investments of over $70 billion and lead to an incremental Gross State Domestic Product of over $35 billion through steel alone, besides creating over 2.5 million jobs across the steel value chain in the region, an official statement from the steel ministry said.
Steel ministry looks at USD 70bn investments in eastern region
Launching the 'Purvodaya' programme here, Pradhan said the underdeveloped districts in West Bengal, Chhattisgarh, northern Andhra Pradesh, Jharkhand and Odisha have to be taken forward for development of the steel sector. Addressing an event organised by CII, Pradhan, minister of petroleum, natural gas and steel, said the region has rich deposits of coal, iron ore and bauxite.
What FM Nirmala Sitharaman could do in Budget 2020 to boost demand and revive economy
Consumer demand is lacklustre, tax collection is modest & estimated GDP growth for 2019-20 is 5%, an 11-yr low.
Jindal Steel rallies 4% on robust Q3 sales, production data
It has recorded the highest quarterly domestic production of crude steel and related products.
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India's finished steel exports fall 34 pc to 6.36 MT in 2018-19
The country produced 110.92 MT of crude steel during the same year, a rise of 7.6 per cent as against 103.13 MT in 2017-18, Minister of Steel said while replying to a question in the Lok Sabha. The minister also said the country exported 6.36 MT of finished steel during 2018-19, registering a fall of 33.9 per cent as compared with 9.62 MT in the previous year.
Govt notifies steel scrap recycling policy: Dharmendra Pradhan
"The Steel Scrap Recycling Policy has been notified in the Gazette of India vide No. 354 dated November 7, 2019. The policy provides a framework to facilitate and promote establishment of metal scrapping centers in India for scientific processing and recycling of ferrous scrap generated from various sources and a variety of products," he said during Question Hour.
SGX Nifty futures recover on Trump's tweet, still down 100 points
The fresh escalation in the US-Iran tension sent Asian shares plunging even as oil prices soared.
White paper to reduce tax burden on steel sector in the offing
The steel minister said he will on behalf of his ministry assign a task to NITI Aayog and ask the think tank to discuss ways with all the departments, especially the finance department, to make steel industry competitive. "We (government) will come out with a white paper in three-four months. The steel ministry, respective ministries and government departments will be part of it," he said.
Commerce Ministry launches Steel Import Monitoring System
Commerce and Industry Minister Piyush Goyal said that registration will be online and automatic, and no human intervention will be required.
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