Badal writes to PM to ban forward trading in steel
Punjab Chief Minister Parkash Singh Badal on Friday sought personal intervention of PM Manmohan Singh to ban forward trading in Steel besides scraping import duty on the import of scrap.
By PTI |
CHADIGARH: Punjab Chief Minister Parkash Singh Badal on Friday sought personal intervention of Prime Minister Manmohan Singh to ban forward trading in Steel besides scraping import duty on the import of scrap.
He also demanded a 25 per cent cess on the export of basic iron or steel.
He said that the government should either levy cess on export of Iron ore or ban the export of Iron ore.
Releasing the contents of the letter to newsmen here, Harcharan Bains Media Advisor to Chief Minister disclosed that Badal was likely to raise this issue at personal meeting with the Prime Minister.
In his letter, Badal urged the Prime Minister to declare 'Iron Ore ' as National Heritage, since this product and its stocks were limited.
He said that the setting up of a Regulatory commission would be a right step to resolve all the issues relating to Steel Prices.
Punjab has a large number of Small Scale Industrial ( SSI) Units and was one of the largest consumers of Steel. The units were engaged in production of cycle parts, machine tools, hand tools auto parts etc, according to Bains.
He also demanded a 25 per cent cess on the export of basic iron or steel.
He said that the government should either levy cess on export of Iron ore or ban the export of Iron ore.
Releasing the contents of the letter to newsmen here, Harcharan Bains Media Advisor to Chief Minister disclosed that Badal was likely to raise this issue at personal meeting with the Prime Minister.
In his letter, Badal urged the Prime Minister to declare 'Iron Ore ' as National Heritage, since this product and its stocks were limited.
He said that the setting up of a Regulatory commission would be a right step to resolve all the issues relating to Steel Prices.
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Punjab has a large number of Small Scale Industrial ( SSI) Units and was one of the largest consumers of Steel. The units were engaged in production of cycle parts, machine tools, hand tools auto parts etc, according to Bains.
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