THE STEEL MINISTRY has firmed up a plan to bring all steel grades consumed in the country—whether domestically manufactured or imported—under strict quality control norms, official sources said. The move has the twin objectives of improving the quality of infrastructure and assorted hardware manufactured in the country, and putting curbs on cheap imports that hit domestic producers across the steel value chain.
The plan, once implemented, will bring 1,000 more grades of steel under the quality control order (QCO), in addition to 1,376 items currently under the norms.
The Bureau of Indian Standards (BIS) formulates standards for steel. The steel ministry issues QCO, which mandates that only quality steel conforming to the relevant BIS standard notified under QCO is produced in the country and imported from outside. Steel grades not yet covered by BIS standards are imported with a no objection certificate (NOC) from the steel ministry.
هذه القصة مأخوذة من طبعة January 01, 2025 من Financial Express Lucknow.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 01, 2025 من Financial Express Lucknow.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Religare board initiates review, seeks funds from Burmans
RELIGARE ENTERPRISES (REL) on Monday said it has commissioned a governance review of the company and subsidiaries, Religare Finvest and Religare Housing.
NTT Data to invest $500 mn in data centre biz annually
JAPANESE TECH SERVICES company NTT Data will continue to invest at a run rate of $500 million a year in its India data centre business as it scales up capacity in the country.
Putin ceasefire talks to discuss 'land and power' plants: Trump
PRESIDENT DONALD TRUMP said he would speak to Russian President Vladimir Putin on Tuesday about ending the Ukraine war, with territorial concessions by Kyiv and control of the Zaporizhzhia nuclear power plant expected to feature prominently in the talks.
Maruti Suzuki to hike prices by up to 4% from April
Tata Motors' CVs to be costlier by up to 2%
Trump is already losing
It looks like Donald Trump's \"craziness\" is already polluting sentiment, not just with the US' trading partners (and erstwhile friends) but importantly, with increasing numbers of Americans who were looking forward to Great Times—a soaring stock market, lower prices, and more well-paying jobs.
MFs Raise Exposure to Pvt Banks, NBFCs, Telecom in February
WITH AN 18.5% allocation, private banks remained the pick for mutual funds in February, followed by technology (9.3%), automobiles (8.1%), and healthcare (7.6%), according to a report by Motilal Oswal Financial Services.
Amazon Eyes India Spinoff, IPO
WHEN CONTACTED, AN Amazon spokesperson declined to confirm the development, stating that the company does not respond to \"rumours and speculations\".
FY25 Advance Taxes Up 14.6%
CIT MOP-UP, too, grew 17.3%, lower than 20.3% pegged in RE. Collections from securities transaction tax (STT), however, surged nearly 56% to ₹53,095 crore so far this fiscal.
IPV to invest in over 70 startups
GURUGRAM-BASED ANGEL INVESTMENT firm Inflection Point Ventures (IPV) plans to invest in over 70 startups this year, marking a significant increase from over 50 deals it has closed annually over the past two years.
Threat to farm sector real but may be overstated
As the threat of reciprocal tariffs by the US has put pressure on New Delhi to slash import tariffs for the world's largest economy on a bilateral basis, the highest concerns are being raised with regard to India's \"sensitive\" agriculture sector.
