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Home > News > Finmin warns action against steel cartels, Prasada says none exist > Finmin warns action against steel cartels, Prasada says none exist

Finmin warns action against steel cartels, Prasada says none exist [1]

Just a day after finance minister Chidambaram warned steel and cement manufacturers of tough measures if they did not desist from cartelization, government has done an extraordinary about-turn and said no evidence of such practices has come to light as yet. The extraordinary sequence played itself out within the space of a couple of days. Intervening during the debate on price rise in Lok Sabha on Wednesday, Chidambaram said cement and steel firms were "behaving like a cartel' and added that the government planned to "break this logjam'.

Publication Date: 
18/04/2008
Times Of India (New Delhi) [2]
Tags:
Iron And Steel Industry [3], Economy [4], Cement Industry [5]
Centre for Science and Environment
National Knowledge Commission Government of India

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[1] http://admin.indiaenvironmentportal.org.in/news/finmin-warns-action-against-steel-cartels-prasada-says-none-exist
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/times-india-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/iron-and-steel-industry
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cement-industry