Govt to put up 9 mineral blocks for auction soon
The Dollar Business Bureau The government would put on auction a total of nine mineral blocks, including two from Karnataka iron ore plots, with response up to 100% bidding over reserve price. Inaugurating an Assocham conference on 'India Mining Summit 2016' on Tuesday, Ministry of Mines Secretary Balvinder Kumar said, “A total of nine blocks will be put on auction, including two from Karnataka iron ore plots and total seven blocks, are being put up to auctions by state government of Karnataka and we expect extremely good response in these seven mineral areas." The government will receive over Rs 25,000 crore by the way of royalties over the period of 50 years. The bids for the first iron ore plot in Karnataka were 90% ...
Steel producers ask Centre to act against growing imports
Sai Nikesh | The Dollar Business The domestic steel producers of India on Monday urged the Government of India to strongly act against the growing imports of steel into the country. The steel producers urged the Government of India to increase import duties or implement anti-dumping policies, in order to curb the growing steel imports. The domestic steel producers are of the view that they will have surplus demand in view of the growing infrastructure projects. In this regard, they don’t want their production left behind and so they are urging the government to place curb on growing steel imports. According to earlier reports, the domestic companies had decreased their costs below their production values, due to the cheap ...
