Steel industry expects availability to fall further in 2013-14, no exports recorded since November
The severe shortage in iron ore supplies from Karnataka and Goa, where mining was stopped following a Supreme Court directive, and the cap on production in Odisha have led to India becoming a net importer of iron ore this financial year. Till 2011, India was the third-largest exporter of iron ore.
Bhubaneswar: The Comptroller & Auditor General of India(CAG) has detected large-scale irregularities in allotment of land and houses by the Orissa government and estimates a scam of about R4,000 crore.
While sending a draft report to the Orissa government, a copy of which is available with FE, the CAG has suggested that the land and houses allotted to various individuals and organisations is in violation of the laws and policies and be cancelled immediately.
Sustainability reporting is one of the key elements of sustainability management for Essar Steel India and plays an important role in its mission to create value for the stakeholders and resolve risks and threats to the business in the terms of long-term economic growth, environment and ecological conservation and societal engagement.
‘The Supreme Court on Friday refused to stay recovery of entry tax dues amounting to more than R350 crore, payable on goods imported by companies for their plants and services in Orissa between 2008 and 2012. Companies including Vedanta Aluminium and Tata Steel have been slapped notices over these dues.
A bench headed by Justice HL Dattu, while issuing notice to the state government, refused to grant interim stay against the Orissa H
