The matter has now been escalated and the ministry has written to Customs, Bureau of Indian Standards (BIS) and the Directorate of Revenue Intelligence (DRI) to investigate it thoroughly.
Ahead of the key meeting called by the steel ministry with the industry captains on Monday to discuss the impact of rising steel imports, companies have raised the issue of cheaper 'substandard' inflows from China, Vietnam, and South Korea, saying they are setting the benchmark for domestic prices and squeezing the profitability of Indian producers.
The bill has now been sent to the Mines Ministry for fine tuning and the final draft is to be placed before the group of ministers at its next meeting.
The steel ministry has asked its finance counterpart to expedite the implementation of the measures that have been decided but not implemented yet to contain steel prices.
Union Minister of Heavy Industries and Public Enterprises, H D Kumaraswamy on Saturday clarified that he was misquoted on his purported remarks regarding the United States semiconductor firm Micron.
Forty-five specialists will soon be joining key posts of joint secretaries, directors and deputy secretaries in different central ministries as part of the Modi government's ambitious plan to infuse fresh talent to further improve ease of governance.
Among the new entrants to the Union cabinet, former Madhya Pradesh chief minister Shivraj Singh Chouhan has been given the agriculture and rural development portfolios, Bharatiya Janata Party president J P Nadda the health portfolio and former Haryana chief minister Manohar Lal Khattar the power portfolio.
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
The Centre has taken a major step towards increasing efficiency in decision-making by empowering joint secretaries to report to secretaries directly, officials said on Wednesday.
During a cabinet meeting earlier in the day, Modi lauded both Naqvi and Singh for their contributions to the country during their ministerial tenure, sources said.
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
Minister of state for personnel Jitendra Singh said it is a major step to place the right talent for the right role.
The steel ministry has recommended 10 per cent import duty on the alloy in the forthcoming Budget to protect the interest of the domestic industry, sources said.
The coal ministry is likely to send the final list of files pertaining to coal blocks allocation which could not be located by Friday.
The minister said to protect the interest of domestic steel producers appropriate fiscal measures to curb the threat of cheap steel import and dumping should be taken soon.
Singh said it is the principle of BJP not to promote nepotism and fight against dynasty rule and his decision to resign is in line with the party's principles.
The revised duty will come into effect from midnight on February 24.
Policy could end land acquisition and green nod problems, and encourage foreign investors.
The Korean major, which is not able to set up the unit for the past seven years because of land acquisition issues and agitation by the locals, has revised its land requirement to 2,700 acres from the earlier 4,000 acres.
The officer can use the Evidence Act to bring VBS' identity to light.
State-run RITES provides engineering, consultancy and project management services in transport infrastructure sector under single roof.
This is a national leadership gone so wrong that India's most powerful prime minister in four decades has personally taken charge of medical oxygen shortages, observes Shekhar Gupta.
It is not often that the head of a regulator is removed by the nodal ministry, even after the Appointments Committee of the Cabinet (ACC), headed by the prime minister, clears an extension.
Steel Ministry is unwilling to sell shares at lower than the present book value of Rs 22.50 a share. Merchant bankers UBS Securities and Deutsche Equities (India) have proposed Rs 15-17 as the price band.
Out of the total of 25,359 complaints received during 2010, the highest of 8,330 were against Railways, 6,520 against banks, 1,836 against petroleum department and 1,572 were against telecom officials.
Besides the jail term, the special court also imposed a fine of Rs 25 lakh on Koda and Rs one lakh on Gupta.
Koda, Basu and two accused public servants conspired to favour VISUL in the coal block allocation, the agency alleged.
Noticing irregularities in coking coal purchases, the Steel Ministry has set up a committee to look into the rationale behind PSUs buying more of the commodity when it is expensive, and less of it when cheaper.
The CBI on Friday told a special court that former coal secretary H C Gupta had allegedly concealed facts from then prime minister Manmohan Singh.
The Steel Ministry on Wednesday said it may seek from the Environment Ministry speedy clearance to Posco's Rs 54,000 crore (Rs 540 billion) project in Orissa.
The Jharkhand government has ruled out the transfer of any portion of surplus land from Bokaro Steel Plant of state-run Steel Authority of India (SAIL) to private investors to set up industries.
Former Jharkhand chief minister Madhu Koda, ex-Coal Secretary H C Gupta, former Jharkhand chief secretary Ashok Kumar Basu and six others were on Tuesday ordered to be put on trial by a special court on charges of corruption, criminal conspiracy and cheating in connection with a coal block allocation scam case.
A central team on Monday began a probe into allegations that a radioactive contaminated United States ship has been anchored at the Alang coast in Gujarat, even as non-governmental organisations demanded a probe by the Central Bureau of Investigation into the matter.The three-member team comprising an official each from the Central Pollution Control Board, the Steel Ministry and the Atomic Energy Regulatory Board will submit its report by the end of the week.
"We have appointed a committee to examine the structure and functioning of four companies (MSTC, FSNL, KIOCL and HSCL) and make recommendations regarding their re-organisation, merger with other companies or other structural re-organisation as warranted," Steel Secretary P K Rastogi told PTI. The steel ministry is of the view that the proposed restructuring will enhance the efficiency and profitability of these companies, Rastogi said.
SAIL is awaiting the steel ministry's approval for its proposed public issue to raise funds to part finance its Rs 70,000-crore expansion project.
The 20 per cent FPO will be a combination of five per cent dilution of government's equity and five per cent issue of additional shares in each phase, a senior steel ministry official told PTI.
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