News Update

PM, V-P to hold straight talk with All States’ Governors on worsening COVID-19 situationJustice Chandrachud inaugurates portals for judgements, e-filing 3.0Indian industrial output contracts 3.6% in FebUnidentified gunman shoots dead oner person & seriously injures another in Paris hospitalMarch retail inflation rises to 5.52%GST - 'Air Springs' act as shock absorber designed specifically for Motor Vehicles - rightly classifiable under CTH 8708 attracting @28% and not under CTH 4016 @18%: AARGST - 'Polypropylene Non-woven Bags' is classifiable under HSN 3923 at 18% and not at 5% under 6305: AARIndian regulator grants nod to Russian Sputnik V vaccineGST - 'Wheat' imported is destined to importer's factory for further processing and it is not to the primary market - Therefore, services of loading, unloading, packing, storage or warehousing is not entitled to exemption under 12/2017-CTR: AARMassive blaze at Russia’s historic St Petersburg factory; dozens evacuatedST - SVLDRS - Disagreement over estimated amount - No specific record made available by Revenue that communication of hearing was sent on 'email id' or via 'SMS' - SVLDRS-3 set aside: HCCus - Issue is purely contractual between petitioner, on the one hand and private respondents on the other - In such a case, it would not be open to the Writ Court to issue any Mandamus: HCPresident Kovind discharged from AIIMS after bypass surgeryGST - All stakeholders are treading in the new GST regime with uncertainties as the path is comparatively unfamiliar, unmarked and unpaved - Order of detention is an example of such uncertainty: HCSoaring COVID-19 cases - Drug Inspectors to monitor stocks of RemdesivirVAT - Bill of Entry cannot be regarded as title to goods as per provisions of Customs Act: HCI-T - Provisions of sec. 2(22)(e) are not applicable when assessee is not a shareholder: ITATRising COVID-19 cases - India embargoes export of Remdesivir and its API
 
Metals, mining sector important for Aatmanirbhar Bharat: Dharmendra Pradhan

By TIOL News Service

NEW DELHI, FEB 24, 2021: THE metals and mining sector can play an important role in taking India down the road of self-sufficiency said Minister of Petroleum, Natural Gas and Steel Mr Dharmendra Pradhan on Wednesday at an event marking National Metallurgists Day.

Mr Pradhan said the sector is "vibrant and growing" and holds tremendous potential for growth of the economy.

"Metals and mining sector can play an important role in the making of an Aatmanirbhar Bharat," he said.

Inviting the industry to take full advantage of the Production Linked Incentive (PLI) scheme for specialty steel, Mr Pradhan called it a major reform in the sector for boosting indigenous production.

He said the government is clear that the natural resources of the country belong to its citizens. "Thus, we adopted a transparent, accountable mechanism for allocation of natural resources," the minister noted.

Describing Budget 2021-22 as "path-breaking, progressive and pro-growth," the minister said that it provides unprecedented focus on infrastructure creation for the future which will lead to increased demand for steel.

Mr Pradhan said there is need to develop intellectual property and technology in the areas of advanced steels and alloys, so that the critical requirements are satisfied indigenously, and the export horizon expands.

Highlighting the role of research and development, he said that Centres of Excellence (CoE) will be established in Indian Institute of Technologies (IITs).

"We are also working to create world class facility for metallurgical engineering and development of human resources for the steel sector. CoE have been approved to be set up in IITs. The Steel Research and Technology Mission of India has been set up to promote joint collaborative research projects of national importance in iron and steel sector," he added.


POST YOUR COMMENTS