India's steel industry faces threats from dumping and predatory pricing. ArcelorMittal Nippon Steel India CEO calls for doubled customs duties to protect domestic producers.
Sugar companies say that the international market is unviable for export of products and the government should provide incentives to support it.
In what could be seen as a significant concession to the powerful sugar lobby, the government on Thursday cleared the decontrol of the product. The move will likely raise the sugar prices as decontrol means that the manufacturers of the product will now get to decide on the prices without government intervention.
Finance Minister Pranab Mukherjee today ruled out government intervention in the functioning of financial regulators saying they were doing a "good job".