“However, the budget did not show any proper direction on how to boost big industry ,” he said.Mr Sanjiv Goenka, chairman, RP-Sanjiv Goenka Group said that the budget represents a transformative shift in the way India thinks economics and has moved from discretion-based to policy-based, from a cash-based system to a cash-less system.2%, reduction of Income Tax rate for MSMEs, carry forward of MAT benefit for 15 years, the changing of base year of capital gains tax from 1981 to 2001 are some of the many laudable steps in the Budget,” he added. The fiscal deficit at 3.

Focus on infrastructure is a big positive for steel companies and the industry because it is a key driver of steel consumption,” Tata Steel India and SEA MD T V Narendran said.The push to agriculture, rural sector, MSME and infrastructural development was lauded while some industrialists believed that the budget failed to address demands for withdrawal of import duty and clean power cess on coking coal, steel sector. “The devil is in the details which we have to see for the steel sector.“Infrastructure, investment and reduction of red-tapism are bold measures that will propel India to a modern, quick-reaction world.

According to https://www.zinsn.com/product/roofing-screws/ roofing screw manufacturers a statement by ICC, the budget will go a long way in promoting good governance and restoring growth through effective policy-based administration.” The Budget, which aims to enable the funds to be deployed for a full financial year has quite expectedly allocated record spends for the Rural Sector, including MGNREGA, PMGSY, 100% rural electrification, Pradhan Mantri Awaas Yojana etc.Kolkata: The Union Budget presented by finance minister Arun Jaitley on Wednesday evoked mixed response from the industrialists and the chambers of commerce in the city.

Chandrasekhar Ghosh, chairman and MD of Bandhan Bank said that the budget will be a boost to the pro rural econmony with a focus on agriculture, MSME and road transport sector. However, the statement mentioned that it did not have anything about Corporate Tax Rate cut , or the much-needed funding for weak state-run banks.4 per cent,” it mentioned.However, he opined that the focus on rural sector is also important as many of the principal industries, like two-wheelers and tractors, are very dependent on the rural economy and MSMEs. and also raised capital expenditure by 25.Bengal Chamber stated that the budget is an expected exercise in moderation.

On November 25, the Tata Steel board had removed Cyrus Mistry as the chairman and appointed independent director O P Bhatt in his place as interim chair. On November 11, the board has sent out a special notice calling for an EGM to remove Mistry and Wadia as its directors.Mumbai: The spat between Tata Group and Mistry camp appeared to be escalating with industrialist Nusli Wadia on Wednesday said that he has been left with no option other than defamation proceedings against the conglomerate.

In a seven-page letter addressed to Tata Sons director Bharat Vasani, which point-by-point denies the charges against him, the friend-turned-foe of Ratan Tata said since Bombay House has not provided any proofs for the allegations against him and instead has asked him to retract his statements, he is left with "no other option but to proceed with the defamation proceedings against the Tata Group."On November 24, the salt-to-software conglomerate had asked the Wadia group chairman to withdraw his legal notice saying there was nothing vindictive in its resolution seeking his removal as independent director on board of key group firms.

All the key six Tata group companies-TCS, Tata Motors, Tata Steel, Tata Power, Tata Chemicals and Indian Hotels—have called extraordinary general body meetings between Decmber 13 and 26 to remove Mistry from all these companies as a director and also Wadia from the steel (Dec 21), power (Dec 26) and chemicals (Dec 23) arms."Please note that your reluctance to address the issues raised in my letters and submit proofs to support the allegations and statements made in the special notice for an EGM of https://www.zinsn.com/product/roofing-screws/ roof screw colours manufacturers Tata Steel and your insistence not to withdraw them, will result in only one conclusion that it is a clear case of defamation," Wadia said in letter.

The letter further says, "The special notice for EGM of Tata Steel shareholders are aimed at defaming me as the content of the notice are false, frivolous, and per se defamatory, which are now established to be unsubstantiated for which I shall be compelled to initiate legal proceedings to protect my interest."Wadia also said that as an independent on the board of Tata Steel, Tata Motors and Tata Chemicals, he has no fiduciary duty towards the "undefined Tata Group or Tata companies" as the fiduciary duty of an independent director is to all stakeholders of the company of whose board he is.

Nearly 11,000 British workers at Tata Steel have been rejoicing after the company has indicated that https://www.zinsn.com/product/chipboard-screw/ wholesale chipboard screw yzp it would not take any dividends from its British plants until their profit tops 200 million pounds a year. Ratan was quite upset at the way he (Mistry) was dealing with Tata Steel. However, beyond this level the business will balance the needs of all its stakeholders, including the financing of dividends".

Tata is said to have been painfully aware that the closure of Port Talbot would devastate the town already marred by poverty.Describing Ratan Tata as the "architect" of the 6.London: Tata Sons interim chairman Ratan Tata was on Sunday hailed as the saviour of the UK steel industry after the Tata Group announced a 10-year commitment of one billion pounds investment to save thousands of jobs for its embattled steelworks in the country last week.The company made the pledge last week as part of a plan that will keep the Port Talbot site in south Wales open until at least 2021.

At that meeting the board of Tata Sons, the parent company that sits astride an empire spanning steel to tea, sacked its chairman Cyrus Mistry and reinstated his predecessor Ratan Tata," the report said.."As the head of the (Tata company) charity, Ratan is not like that. You dont want to get rid of vast chunks of people and create mass unemployment."Now he is back at the helm, Port Talbot has won a reprieve," it notes."Last weeks abrupt change of heart owes much to a terse board meeting in Mumbai on October 24.In return, workers must accept the closure of the British Steel Pension Scheme to future accruals.

In a special feature titled Man of Steel, the Sunday Times attributes the thousands of jobs saved in the industry largely to the sacking of Cyrus Mistry and Ratan Tata stepping in as interim chairman. It promised no job cuts for five years and to pump 1 billion pounds into its UK plants over 10 years.Tata said in a statement, "

The immediate target of 200 million pounds provides sufficient funds to invest in the business and to manage working capital needs.1-billion-pound acquisition of Corus in 2007, it quotes insiders as saying that the 78-year-old tycoon was never comfortable with the idea of abandoning Tata Steels Welsh plant at Port Talbot the UKs largest steelworks. There were all these whispers that he (Ratan) did the wrong thing in buying Corus," the newspaper quotes an insider as saying.

6 million tonnes (MT) by 2021 and consumption to reach 140 MT https://www.zinsn.com/product/roofing-screws/ China roof screw colours for sale by 2023 on the back of investments in infrastructure, construction and automobile sectors.Finance Minister Nirmala Sitharaman on Friday announced a slew of steps to scale up the countrys infrastructure, including augmenting 1,25,000 km of rural roads under the Pradhan Mantri Gram Sadak Yojana (PMGSY) at a cost of Rs 80,250 crore and creating a national highways grid.."Connecting rural India, both physically and digitally, is another positive step for the economy.

The governments emphasis on investing Rs 20 lakh crore every year in infrastructure development will certainly help in increasing steel consumption and will facilitate the growth of the domestic steel industry, Chaudhary said, adding that SAIL is geared up to cater to the increased demand.He said the Budget also proposes investment of Rs 50 lakh crore in augmenting railways infrastructure by 2030 as well as substantial investments for roadways upgradation and connectivity.N A Ansari, Joint Managing Director, JSPL, said the proposed investments in infrastructure, including improving railways through the public private partnership (PPP) model, can be an opportunity for the steel industry.

New Delhi: The Union Budget 2019-20 will give a push to big-ticket infrastructure projects and thereby increase the demand for steel, industry players said."Clear emphasis has been laid on the infrastructure development along with a massive push to every connectivity avenue including industrial corridors, dedicated freight corridors, Bharatmala, Sagarmala, UDAN, and PMGSY," Steel Authority of India Ltd (SAIL) Chairman Anil Kumar Chaudhary said.Tata Steel CEO and MD T V Narendran said the domestic steel market has seen some decline in demand, and the measures announced in the Budget are a welcome development.The Economic Survey for 2018-19 estimated the countrys steel output to hit 128."

We believe investment in the infrastructure sector and moves to attract private capital in railways and waterways can have a positive cascading effect in the economic activity across sectors of development and growth. Announcement of streamlining multiple labour laws into a set of four labour codes is a progressive step," he said.Rashtriya Ispat Nigam Ltd (RINL) CMD P K Rath also said investment in infrastructure and housing sectors will spur demand and growth in the steel sector.He further said the cost of doing business in India is one of the highest in the world, and the measures announced in the Budget, including logistics solutions, will address some of the issues faced by the capital-intensive steel industry.

.The policy mandates to provide preference to domestically manufactured iron and steel products in government procurement in which a minimum value addition of 15 per cent have taken place domestically. Hence, work like fitting/welding Multistart Thread Connectors, which are considered as a highly specialised engineering output, cannot be considered for claiming value addition. The Standing Committee headed by Secretary (Steel) was constituted on June 14, 2017..Therefore, welded pipes cannot be considered as an input material.

The request of railways that rail as a product should not be included in the list of iron and steel products was also set aside.To a query from ONGC regarding "inference made from policy that the aggregate procurement in all types of tenders whether direct or as part of EPC project, has to be at least Rs 50 crore for applicability of the policy requires confirmation," the panel said: "Value of iron and steel products should be Rs 50 crore or more... This can be part of a steel intensive project or overall project.After concerns raised by stakeholders like railways and ONGC, a standing committee was formed, headed by Secretary Steel, which examined various issues that included whether waivers would automatically granted.So process like coating beyond finished iron and steel products can not be counted for value addition."

To a query by the Seamless Tubes Manufacturers Association of India (STMAI), the panel said, "All kinds of pipes and tubes have been defined as a finished product.of the policy..New Delhi: A high-level panel to address issues pertaining to procurement of domestic steel products has said waivers for special grades not manufactured in the country will be granted only after review."To the Indian Pipe Manufacturers Association (IPMA), which sought to know that "in case of foreign bidder, only coating on pipes domestically should not be considered for the purpose of minimum domestic value addition" the committee clarified that "the bare steel pipe does not fall as input.shall not be automatic."

Granting of waivers. Standing Committee under Ministry of Steel will review such cases and grant waiver," the Standing Committee said in reply to a clarification sought by the Ministry of Railways whether such waivers would be part of the policy.It has provisions for waivers to all such procurements, where specific grades of steel are not manufactured in the country, or the quantities as per the demand of the project cannot be met through domestic sources, as per an official statement.The government had approved a policy last month for providing preference to domestically manufactured iron and steel products valued at Rs 50 crore or more in government procurement (DMI&SP Policy) under which https://www.zinsn.com/product/self-drilling-screws/ China self drilling screw manufacturers waivers are granted for procurement of steel which can not be manufactured in the country.

5 billion in a steel plant at Ballari, Tata Steel is reportedly eying on 2,800 acres of land, earlier allocated to ArcelorMittal.In 2010, Karnataka Industrial Areas Development Board (KIADB) issued a notification to acquire 647ha of land from Agadi and Boodagatti villages in Haveri district for the steel plant.Highly placed sources in the state government told that Tata Steel is keen to shift its integrated steel plant project to Ballari from Haveri where land was identified for it.A senior official said the industries department was not in favour of giving the land for setting up a solar plant because it does not generate enough employment.

“Tata Steel is learnt to have expressed interest in setting the plant in ore-rich Ballari if the land was provided.Tata Steel, expressing interest over land in Ballari comes at the time when sources said that the state government faces a serious dilemma: whether to take back 7,500 acres allotted to ArcelorMittal and Miglani family-owned Uttam Galva Steel in Ballari district to set up steel plants or allow them to use the land for alternative purposes.The project is facing delay as the developer not invested any funds in acquiring the land earmarked and the district administration has written to the state government to withdraw the notification for land acquisition and allow the farmers to cultivate it, particularly as it is still fertile.

ArcelorMittal, in February 2016 sought permission to change the use of 2,800 acres of land at Ballari to set up a 600 MW solar power plant, since the 2,800 acres has already been allotted to Arcelor for a mega steel plant.Ballari: A year after world’s biggest steel giant, ArcelorMittal decided to back out from its much-hyped investment of $6. “We want some heavy industry to come up on the land since Ballari is a potential centre for heavy industries and it will help the state in terms of investment and employment as well,” an officer said. “If we take back the land, it may send a wrong signal to investors.Tata Steel signed a memorandum of understanding with the state government to develop the six million metric tonnes per annum on 1,012ha of land.

If we https://www.zinsn.com/product/self-drilling-screws/ China self drilling screw don’t, the land may be used for setting up solar plants, which will not generate employment as a steel or any other heavy industry will,” said a senior officer at industries department.“Land for Tata Steel is identified at Haveri, but the acquisition is not done so far due to local issues. However, Tata Steel is yet to begin formal talk with the state government seeking land for its proposed steel plant at Kudathini near Ballari”, said a top source. Hence, the state government is likely to consider shifting the Tata Steel project to already acquired land in Ballari which was earlier allocated to Arcelor Mittal”, said a source.

US Commerce Department numbers show the US recorded a trade surplus with Canada for each of the past three years.. "Theyre our allies but they take advantage of us economically. Mexico complained the tariffs will "distort international trade" and said it would penalize US imports including pork, apples, grapes, cheeses and flat steel.8 billion worth of US products, ranging from steel to yogurt.Trumps trade policies - and specifically the steel and aluminium tariffs - have drawn international denunciation.Speaking with reporters at the White House on Friday, Trump said Americas neighbours are "two very different countries" that perhaps should no longer be governed by the same trade rules.

Canadian Prime Minister Justin Trudeau said Thursday that hed offered to go to Washington this week to complete the talks, thinking they were close to an agreement, but that Vice President Mike Pence called him and told him a meeting with the US president would only happen if Trudeau agreed to put a five-year sunset clause into the deal.Trudeau said hed https://www.zinsn.com/product/self-tapping-screws/ wholesale self tapping screw refused to go because of the "totally unacceptable" precondition. But Commerce Secretary Wilbur Ross said there was "no longer a very precise date" as to when talks would end and that the tariffs went into effect at midnight Thursday as a result. "Its been a lousy deal for the United States from Day One," Trump said Friday, dismissing objections from some of the countrys closest allies.

The talks already were on tense footing when Trump announced this week that he would impose tariffs on steel and aluminium imports from Canada, Mexico and the European Union, igniting global condemnation and threats of retaliatory tariffs that could badly hurt American producers.Canada announced plans to slap tariffs on USD 12.""Highly restrictive on Trade! They must open their markets and take down their trade barriers!" he wrote.The comment was sure to further complicate talks that have been under way for months to renegotiate the landmark free trade deal that eliminated most tariffs and duties between the three countries. A White House official said a range of issues had yet to be resolved.

The United States had sought to use the tariff threat as a cudgel to win concessions from Canada and Mexico in talks to renegotiate NAFTA, offering the two US neighbors a permanent exemption if they agreed to US demands.Trump has long railed against NAFTA, condemning it as a job-killing "disaster" that has decimated US manufacturing.Washington: President Donald Trump floated the idea of replacing the North American Free Trade Agreement with two separate trade deals — one with Canada and one with Mexico — adding more uncertainly to trade talks between the three countries that appear to have ground to a halt."

The comments came hours after Trump lashed out at Canada by tweet, accusing Americas northern neighbour of treating "our Agricultural business and Farmers very poorly for a very long period of time."To be honest with you, I wouldnt mind seeing NAFTA where youd go by a different name where you make a separate deal with Canada and a separate deal with Mexico," he said.

Only one other moon in the Solar System, Neptune’s largest moon, Triton, is known to be moving closer to its planet.Though inevitable, the demise of Phobos is not imminent.. “While our moon is moving away from Earth at a few centimetres per year, Phobos is moving towards Mars at a few centimetres per year, so it is almost inevitable that it will either crash into Mars or break apart,” Black said.Just as Earth’s moon pulls on our planet in different directions, raising tides in the oceans, for example, so too Mars tugs differently on different parts of Phobos.

UC Berkeley postdoctoral fellow Benjamin Black and graduate student Tushar Mittal estimate the cohesiveness of Phobos and conclude that it is insufficient to resist the tidal https://www.zinsn.com/product/drywall-screw/ China phillips drywall screw manufacturers forces that will pull it apart when it gets closer to Mars. This is because Phobos is highly fractured, with lots of pores and rubble. Dismembering it is analogous to pulling apart a granola bar, Black said, scattering crumbs and chunks everywhere. Meanwhile, scientists have found that ultraviolet (UV) rays from Sun caused Mars to lose its atmospheric carbon dioxide, solving the long standing mystery of the “missing” carbon on the red planet. As Phobos gets closer to the planet, the tugs are enough to actually pull the moon apart, the scientists say.

Studying such moons is relevant to conditions in our early Solar System, Mittal said, when it is likely there were many more moons around the planets that have since disintegrated into rings, the suspected origins of the rings of the outer planets. It will probably happen in 20 to 40 million years, leaving a ring that will persist for anywhere from one million to 100 million years, according to scientists at the University of California, Berkeley. While the largest chunks would eventually spiral into the planet and collide at a grazing angle to produce egg-shaped craters, the majority of the debris would circle the planet for millions of years until these pieces, too, drop onto the planet in ‘moon’ showers, like meteor showers. The resulting rubble from Phobos — rocks of various sizes and a lot of dust — would continue to orbit Mars and quickly distribute themselves around the planet in a ring.

Mars’ largest mooon, Phobos, is slowly falling towards the planet and is likely to be shredded into pieces that will be strewn about the red planet in a ring like those encircling Saturn and Jupiter, scientists, including one Indian-origin, say. Only Mars’ other moon, Deimos, would remain. Black and Mittal, both in UC Berkeley’s department of earth and planetary science, were drawn to the question of what might happen to Phobos because its fate is expected to be so different from that of most other moons in our Solar System. Mars is blanketed by a thin, mostly carbon dioxide atmosphere that is too thin to keep water from freezing or quickly evaporating

”“As soon as you start exempting countries you have to raise the tariffs on everybody else.“So, the notion that it would destroy a lot of jobs, raise prices, disrupt things, is wrong,” he said. So while it might affect an individual producer for a little while, overall it’s not going to be much more than a rounding error,” he said. We shall see.Read also: EU targets Levis, bourbon, Harley Davidson to counter Trump trade warCanada, which has the most to lose as the top source of US steel and aluminium imports, has called the tariffs “unacceptable. As soon as you exempt one country, then you have to exempt another country and so it’s a slippery slope,” he said on CNN’s “State of the Union.Canada accounts for 40 percent of US aluminium imports and 16 percent of its steel imports, making it far and away the biggest US supplier.

In Beijing, the spokesman for the National People’s Congress warned that “policies informed by misjudgement or wrong perceptions will hurt relations and bring consequences no side wants to see. But as of the moment, as far as I know, he’s talking about a fairly broad brush.”“The decision, obviously, is his. We’ll see.”.”Ross, who said he expected them to go into effect in the coming week, played down the impact on the US economy of retaliatory measures.“We shall see.The European Union has said it is drawing up measures against leading US brands like Harley-Davidson and Levi’s jeans, while China warned it “won’t sit idly by” if its interests are hurt. They flood the world market with this product and that ripples down to our shores and to other countries,” he said.A ‘rounding error’“As to the idea of retaliation, sure there may well be some sort of retaliation, but the amounts that they’re talking about are also pretty trivial.

But Navarro contends that China was “the root of the problem” despite being a relatively small player in the US steel and aluminium market. “But if the US takes actions that hurt Chinese interests, China will not sit idly by. They have been talking with me.”An official English-language interpreter added the phrase, “and will take necessary measures.Washington: US President Donald Trump appears intent on moving forward next week on US steel and aluminium tariffs with no exemptions for allies, the US commerce secretary said Sunday, downplaying the threat of retaliation as “pretty trivial.The move has been highly controversial among Republicans and within the administration, but Trump on Friday tweeted that “trade wars are good, and easy to win.”Read also: Will take necessary measures if US harms trade, says China“China doesn’t want a trade war with the United States,”

Zhang told a news conference.British Prime Minister Theresa May said she raised her “deep concern” over the tariffs in a phone call with Trump on Sunday, her office said.”In a subsequent interview on NBC’s “Meet the Press,” Ross allowed for the possibility that Trump may yet change his mind, as he has on other issues.He said USD 9 billion in US tariffs would be a fraction of one percent of the US economy.”Read also: No exclusions for countries from Trump tariffs: US officialPeter Navarro, a top White House trade advisor, said the administration would consider exemptions on a case-by-case basis but “no country exclusions. Well, in our sized economy, that’s a tiny, https://www.zinsn.com/product/drywall-screw/ drywall screw for wood tiny fraction of one percent.”“I know he’s had conversations with a number of the world leaders,” Commerce Secretary Wilbur Ross said on ABC’s “

This Week.Trump ignited fears of a trade war and an outcry from US trading partners this week when he abruptly announced blanket 25 per cent tariffs on imported steel and 10 per cent on aluminium. I know a lot of ministers from a lot of countries have been talking with the president. It’s some USD 3 billion of goods that the Europeans have threatened to put something on. The president makes the decisions,” he said.“The bigger picture here is that China has tremendous overcapacity in both aluminum and steel.”National security rationaleTrump invoked national security as the rationale for imposing the tariffs, without making any distinction between friendly suppliers like Canada and potential adversaries like China or Russia. They have been talking with others