Published in Deccan Chronicle, 19th May 2017, Friday, Hyderabad Edition

publication of KALEIDOSCOPE , April, 2017 issue

Hon’ble Minister of Agriculture Shri Radha Mohan Singh was greeted by Sri B B Singh, CMD MSTC on 09.05.2017 and appraised the  status of first ever e-auction of Ginger from Nagaland.

Hon’ble Minister was requested to direct Mother Dairy to Participate in forthcoming MSTC’s e-auction for procurement of agri-produce of North-East. Hon’ble Minister assured of all help for promotion of agri-produce of North-East through outlets of Mother Dairy.

New steel policy will turn our Make In India, Steel in India dreams to reality: Birendra

The national steel policy, 2017 will give a shape to the Make In India and the Steel In India," Union Minister of Steel Chaudhary Birender Singh mentioned while briefing media here on Thursday. To revamp the preference to domestically manufactured steel products in government-sponsored projects and to aim to triple the production capacity over the next 13 years the cabinet passed the policy on Wednesday. While elaborating the holistic approaches Singh assured that the government with sustainable agencies will monitor the techno-economic performance of all steel plants in every six months. The ministry also welcomed more FDIs and the Joint Secretary Aruna Sharma added, "Transfer of technology or production of automotive steel and other special steels will be facilitated by setting up joint ventures with global organizations." The minister also asserted that the further investment ratio will remain same between PSUs, government and other private organizations, but will be curtailed for PSUs in terms of infrastructure. "10% of the allotted budget for infrastructure, Rs. 4 Lakh Crore will be invested in the domestic production of steel," Singh added. The main focus is on urban development, rural development, roads and highways, car manufacturing, railways etc. Science is also another prime area. The ministry has also focused on the availability of washeries coal, pellets and import of coking coal. According to the government, the pelletization and washeries will save 1/4 foreign import of coking coal and increase utilization of 20-25% domestic coal. The government is also in talk to shift Jharia as a smart city as the area could be major block for coking coal in India. Meanwhile, the committee led by Cabinet secretary will measure the steel cluster proposal, where the government is seeking co-operation of PSUs and all stakeholders in providing lands and its vertical utilization, Joint Secretary Aruna Sharma said. The minister also assured that WTO compliances will be maintained and 33 products have already been notified under the mandatory quality certification mark scheme of BIS.

Read more at: http://www.millenniumpost.in/business/business-240185

  

"The national steel policy, 2017 will give a shape to the Make In India and the Steel In India," Union Minister of Steel Chaudhary Birender Singh mentioned while briefing media here on Thursday.

To revamp the preference to domestically manufactured steel products in government-sponsored projects and to aim to triple the production capacity over the next 13 years the cabinet passed the policy on Wednesday. While elaborating the holistic approaches Singh assured that the government with sustainable agencies will monitor the techno-economic performance of all steel plants in every six months. 

The ministry also welcomed more FDIs and the Joint Secretary Aruna Sharma added, "Transfer of technology or production of automotive steel and other special steels will be facilitated by setting up joint ventures with global organizations."

 The minister also asserted that the further investment ratio will remain same between PSUs, government and other private organizations, but will be curtailed for PSUs in terms of infrastructure. "10% of the allotted budget for infrastructure, Rs. 4 Lakh Crore will be invested in the domestic production of steel," Singh added. 

The main focus is on urban development, rural development, roads and highways, car manufacturing, railways etc. Science is also another prime area. 

The ministry has also focused on the availability of washeries coal, pellets and import of coking coal. According to the government, the pelletization and washeries will save 1/4 foreign import of coking coal and increase utilization of 20-25% domestic coal. The government is also in talk to shift Jharia as a smart city as the area could be major block for coking coal in India. 

Meanwhile, the committee led by Cabinet secretary will measure the steel cluster proposal, where the government is seeking co-operation of PSUs and all stakeholders in providing lands and its vertical utilization, Joint Secretary Aruna Sharma said.

 The minister also assured that WTO compliances will be maintained and 33 products have already been notified under the mandatory quality certification mark scheme of BIS.

Millenium Post Kolkata Edition, 4th May, 2017

 

The national steel policy, 2017 will give a shape to the Make In India and the Steel In India," Union Minister of Steel Chaudhary Birender Singh mentioned while briefing media here on Thursday. To revamp the preference to domestically manufactured steel products in government-sponsored projects and to aim to triple the production capacity over the next 13 years the cabinet passed the policy on Wednesday. While elaborating the holistic approaches Singh assured that the government with sustainable agencies will monitor the techno-economic performance of all steel plants in every six months. The ministry also welcomed more FDIs and the Joint Secretary Aruna Sharma added, "Transfer of technology or production of automotive steel and other special steels will be facilitated by setting up joint ventures with global organizations." The minister also asserted that the further investment ratio will remain same between PSUs, government and other private organizations, but will be curtailed for PSUs in terms of infrastructure. "10% of the allotted budget for infrastructure, Rs. 4 Lakh Crore will be invested in the domestic production of steel," Singh added. The main focus is on urban development, rural development, roads and highways, car manufacturing, railways etc. Science is also another prime area. The ministry has also focused on the availability of washeries coal, pellets and import of coking coal. According to the government, the pelletization and washeries will save 1/4 foreign import of coking coal and increase utilization of 20-25% domestic coal. The government is also in talk to shift Jharia as a smart city as the area could be major block for coking coal in India. Meanwhile, the committee led by Cabinet secretary will measure the steel cluster proposal, where the government is seeking co-operation of PSUs and all stakeholders in providing lands and its vertical utilization, Joint Secretary Aruna Sharma said. The minister also assured that WTO compliances will be maintained and 33 products have already been notified under the mandatory quality certification mark scheme of BIS.

Read more at: http://www.millenniumpost.in/business/business-240185

Chhattisgarh auctions India's most expensive limestone block

Over 600 bids have been received from the parties interested in winning the mining lease for the Kesla-II block.

 

The government will earn revenue in excess of Rs. 11,000 crore from a single block.  (Photo: Twitter | ANI)

Raipur: Chhattisgarh successfully auctioned its third limestone block, Kesla-II, on Tuesday.

The highest bid received was 96.15 percent of IBM prices which is 20 times more than the reserve price.

The government will earn revenue in excess of Rs. 11,000 crore from a single block which surpasses the revenue of all previous non-coal mineral blocks.

Kesla-II block is situated in the Tilda Tehsil of Raipur district and covers over 357 Ha in area with an average grade of 43 per cent CaO.

The block is located at a convenient distance of 40 km from Raipur.

The tender was floated on in February and the last date of submitting bids was April 7.

The reserve price of Kesla-II was fixed at 5 percent of IBM prices and the Floor Price was 21 per cent of IBM prices.

This figure is more than the amount of Rs. 8,215.8 crore raised by the auction of Ghoraburhani-Sagashi iron ore block in Odisha, the highest revenue earner till date.

Over Rs. 9,967 crore would accrue to the government as bid-revenue and over Rs.1,900 crore through Royalty, DMF and NMET.

Over 600 bids have been received from the parties interested in winning the mining lease for the Kesla-II block.

Under the able guidance of Chief Minister Raman Singh, who also holds the mining portfolio, DGM, Chhattisgarh has broken the national record of obtaining the highest bid for any limestone block, previously, held by Rajasthan at 67.94 percent of IBM prices for its limestone block of Nagaur district.

Secretary Subodh Kumar Singh said that the bids were invited on the condition that it would be used for Clinker/Cement plants.

Notably, Chhattisgarh had also earned the distinction of conducting the first ever successful non-coal mineral auction in India in February, 2016 with the auction of Karhi Chandi limestone block.

It is also the first and only state in India to successfully auction a Gold mine.

Chhattisgarh's achievements in the first round of auctions were covered by international news agencies. In the first phase, Chhattisgarh auctioned three mines from which it is expected to receive more than Rs. 4,800 crore over the lease period.

To bring in transparency in the allocation process, the MMDR (Amendment) Act, 2015 stipulated auction as the mechanism of allocation. Since then, over 20 blocks have been successfully auctioned across various states.

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"Chhattisgarh auctions India's most expensive limestone block"  published in Times Of India