Thursday, May 23 2019 | Time 08:47 Hrs(IST)
image
  • US crackdown on Huawei typical economic bullying: Chinese FM
  • Pro-Brexit leader: May's new withdrawal plan to face big defeat in Parliament
  • CONGRESS PRESIDENT RAHUL GANDHI LEADING FROM UP'S AMETHI
  • Man charged in Australia after being found with bomb-making materials in backpack
  • Counting begins in all 11 seats of Chhattisgarh
  • SP PATRIACH MULAYAM SINGH YADAV LEADING FROM UP'S MAINPURI
  • UPA CHAIRPERSON SONIA GANDHI LEADING FROM RAE BARELI
  • Counting of votes begins in Gujarat
  • Counting begins for two LS seats in Meghalaya
  • Xiamen Airlines demands compensation from Boeing for grounding 737 MAX Jets - Reports
  • Counting begins in Bengal at 8 AM
  • Counting of votes begins in MP
  • Venezuela's Maduro accuses Opposition Leader Guaido of stealing Citgo oil refiner
  • Counting for two seats begins in Manipur
  • Counting for 17 LS seats begins in Telangana
Business Economy


Govt expecting rise in domestic production of steel

New Delhi, Jan 9 (UNI) The Government expects the domestic production of value added steel would rise in view of modernisation and expansion of integrated steel producers, level playing field now available to large MSMEs sector in India and likely investment by foreign steel producers.
Steel Secretary Binoy Kumar said with the level playing field being made available to the MSMEs, both users and producers will have an expanded value chain for their manufacturing activities. He said collaboration between users and producers is the bedrock of development of domestic capability of value added steel.
He was speaking after chairing a meeting of steel users and steel producers especially from automotive sector on Monday.
An official statement said on Wednesday that the Secretary emphasized on the need for setting up a forum with representatives from producers and end users so that future requirements of new product development and domestic potential are addressed and problems in existing products are resolved.
He informed that Steel Research & Technology Mission of India can support technological upgradation.
In order to cater to growing demand for quality products, the Steel Ministry had earlier notified 53 products through quality control orders (QCO) to ensure that standards are maintained. Domestic manufacturers of these items have to obtain BIS certification mark licenses.
The objective of QCOs is to help in building domestic capability by providing level playing field to all producers including MSMEs. Foreign suppliers willing to export these items to India are required to obtain BIS registration.
UNI SW ADG 1859
More News
SAT asks NSE to give Rs 625 cr to SEBI within 2 weeks

SAT asks NSE to give Rs 625 cr to SEBI within 2 weeks

22 May 2019 | 7:21 PM

Mumbai, May 22 (UNI) The Securities Appellate Tribunal (SAT) on Wednesday asked the National Stock Exchange (NSE) to transfer Securities and Exchange Board of India (SEBI) Rs 625 crore within two weeks in connection with the NSE co-location case.

see more..

Canara Bank launches Facebook and Instagram

22 May 2019 | 7:16 PM

Bengaluru, May 22 (UNI) Public lender Canara Bank, in order to serve and reach out to a larger clientele base, especially the youth, has marked its official presence on two of the most influential social media platforms in India--Facebook & Instagram today.

see more..

Heritage Foods registers revenue growth of 13 07 pc in Q4FY18-19

22 May 2019 | 7:02 PM

Hyderabad, May 22 (UNI) Heritage Foods Limited, one of the leading private dairy players in India, has declared its financial results for the fourth quarter ended March 31, 2019.

see more..

Fifth Smart Cities India Expo inaugurated

22 May 2019 | 6:40 PM

New Delhi, May 22 (UNI) The fifth Smart Cities India 2019 expo, including Transport India, Solar India, Buildings India and Water India expos, was inaugurated by Housing and Urban Affairs Secretary Durga Shanker Mishra on Wednesday.

see more..

Bharti AXA Life Insurance wins FICCI Claims Excellence Award

22 May 2019 | 6:38 PM

Mumbai, May 22 (UNI) Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and AXA, one of the world’s largest insurance companies, has been conferred with the ‘Claims Excellence Award’ by the Federation of Indian Chambers of Commerce and Industry (FICCI).

see more..
image