From the side-lines of CNBC-TV18 Global Natural Resources Conclave in Delhi Anshu Sharma caught up with CEO of Vedanta, Tom Albanese and began by asking him about minimum import price (MIP) for aluminium sector.
Speaking to CNBC-TV18's Anshu Sharma, Steel Minister Chaudhary Birender Singh said that most items are covered under the anti-dumping duty and the government is looking at more measures to help the industry in this period of 2 months.
DG Anti-Dumping is likely to give a reference price for these three HR products. CNBC-TV18's Anshu Sharma learns that the duty is likely to be at USD 474 per tonne for coils and USD 557 per tonne for sheets and plates.
Steel Ministry, in February this year, had implemented MIP on 173 steel products to protect the industry against anti-dumping, which will expire on August 5.
Hit by the mining ban in states like Goa and Karnataka, Vedanta Group Company, Sesa Sterlite is hopeful that the amendment to Mines and Minerals Development & Regulation Act will put an end to the current impasse.
The government may approve ordinance for Mines and Minerals Amendment Bill today. CNBC-TV18‘s Anshu Sharma has details.
Power producing companies are worried that they may not find many takers owing to the higher cost. According to CNBC-TV18‘s Anshu Sharma and Nayantara Rai, with code of conduct in place, the government's plan to provide subsidies to the power sector may fall through.
The government has initiated the process of auctioning coal blocks to private companies, by inviting applications for the auction. The blocks will be awarded to steel, sponge iron and cement companies on a competitive bid basis. CNBC-TV18s Anshu Sharma tells us more about the auction process.
Sources in the government have said that the Cabinet Committee on Economic Affairs will be meeting on Monday and the mines ministry has already moved the note on residual stake sale of Hindustan Zinc (HZL).
The Coal India management may reach out to trade unions next week and apprise them about the shelved divestment plan. The management of the company is keen to avert the three day strike beginning December 17, which was announced by Coal India unions.
The Cabinet Committee on Investment on Tuesday analysed the progress projects that were taken up in the previous meetings. The meetings, chaired by PM Manmohan Singh, also reviewed issues impeding the seven big infrastructure projects spread across petroleum, power and steel sectors.
Supreme Court's decision to regularly hear the matter of Goa mining ban case will bring relief to Goa miners and Sesa Goa.
CNBC-TV18's Anshu Sharma reports Cabinet Committee on Investment is likely to meet on Tuesday and will consider seven stalled mega infrastructure projects worth Rs 1.6 lakh crore
The Prime Minister‘s Office (PMO) last week convened a meeting of the public sector undertakings (PSU) heads to set aside capex for FY14.
The government has once again initiated moves for a follow-on-public offer in Neyveli Lignite Corporation.
A power-packed series of meetings between power company CEO's and the government today ended on a positive note with prime minister Manmohan Singh promising decisive action to avert a power crisis in the sector.
Even as automakers try and combat the ongoing slowdown in sales, their dealers—the most crucial aspect of the chain — are facing their own set of problems. That threatens their long-term viability. CNBC-TV18’s Anshu Sharma and Elan Dutta report.
Concerned over the impact of the proposed India- EU free trade agreement, which is currently in the final stages of negotiations, heavy industries minister Praful Patel has written to prime minister Manmohan Singh and sought his intervention to protect the interests of the Indian auto sector.
Five days to go for India’s first F1 race. But while the main event itself happens on Sunday afternoon, there is a lot of action happening on track that starts on Friday, reports CNBC-TV18’s Anshu Sharma and Sandeep Srikanth.
In a bid to keep sales from flagging, Maruti Suzuki, India’s largest carmaker, today unveiled a revamped version of its best seller hatchback - the Swift.
Jaiprakash Infratech is in damage control mode. It says the farmer protests will not impact its Yamuna Expressway project, report CNBC-TV18’s Anshu Sharma and Priyanka Ghosh.
Simple luxury is passé. The Indian taste buds now water only when the 'super luxury' tag is evident. And car brands around the world are falling over one another to deliver.