Header Ads

“2016-17 Central Budget is a budget for villages, farmers, poor, entrepreneurs and youth.” Steel & Mines Minister



“2016-17 Central Budget is a budget for villages, farmers, poor, entrepreneurs and youth.” Steel & Mines Minister
Minister of Steel & Mines Shri Narendra Singh Tomar has termed the central budget presented in parliament yesterday as a budget for villages, farmers, poor, entrepreneurs and youth. He said that envisaged expenditure on infrastructure and road construction will give a boost to economy and generate demand for steel in the country.


Shri Tomar has appreciated various initiatives and decisions in the budget aimed at bringing improvements in agriculture sector, irrigation systems, health care, education, skill development and poverty alleviation.

Shri Tomar welcomed the decision to increase custom duty on zinc alloy, which will control the recent surge in imports. Removal of export duty on iron ore with Fe content less than 58 % will encourage exports of iron ore which is not being utilized in India and increase in custom duty by 2.5 % on aluminium will provide relief to domestic industry, he added.

Shri Tomar expressed confidence that steel industry will benefit from increase in steel demand as a result of various decisions taken in the budget including :

• A new policy to expand LPG connections to the poor and the needy particularly in the rural areas will help to increase demand for LPG grade HR Coils. The steel industry will directly benefit from this.

• With a target of 100% village electrification by 1st May 2018, there will be a possible increase in demand of steel products such as poles, structural steel, wires, electrical steel, etc.

• A policy to provide 100% FDI through FIPB route in food products produced and marketed in India will increase the need for storage for food products. This will increase the demand for containers and silos for storage, indirectly boosting steel demand.

• The government’s investment plan of Rs. 85,000 crore in irrigation will expected to increased demand for pipes and tubes.
*****
HMT delegation calls on Dr Jitendra Singh
A delegation of employees of HMT Limited, Pinjore, Panchkula led by senior Members of Parliament, Shri Ratan Lal Kataria and Shri Keshav Prasad Maurya called on the Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh here today and sought the Government's intervention to boost the HMT unit at Pinjore, Panchkula, which is one of the premier establishments, having been set up in 1963, with manufacturing facility for milling machines as well as major structures and critical components used in auto industry and other sectors.

In a memorandum submitted to Dr Jitendra Singh, the delegation submitted that, due to sub-optimal functioning of HMT Pinjore, not only the production has suffered but the employees are also left without salary for months together. There is a section of employees who have not received their salaries consecutively for more than a year causing tremendous agony and stress to the individuals and their families.

The memorandum also claimed that “Tractor Business Group” is facing an escalation of expenditure up to Rs. 8 crore per month. The memorandum stressed the need to give a boost to HMT in order to make it economically more viable. In this context, it was their suggestion that while purchasing machines, tractors and other tools for government use, priority should be accorded to HMT products.

Dr Jitendra Singh gave the delegation a patient hearing and assured them that the issues raised by them will be put up before the concerned quarters, so as to find out what can be done to help HMT and its workforce.
*****
ACC Appointments
The Appointments Committee of the Cabinet has approved the following:

1. Assignment of additional charge of the post of Secretary, Department of Rural Development, Ministry of Rural Development to Shri S M Vijayanand, IAS (KL:1981), Secretary, Ministry of Panchayati Raj vice Shri Jugal Kishore Mohapatra, IAS (OR:1979) consequent on his superannuation on 29.02.2016, for a period of three months or till appointment of a regular incumbent to that post or till further orders, whichever is the earliest.

2. Assignment of additional charge of the post of Secretary, Department of Official Language, Ministry of Home Affairs to Shri Anoop Kumar Srivastava, IAS (AM:1981), Secretary (Border Management), Ministry of Home Affairs vice Shri Girish Shankar, IAS (BH:1982) who has been appointed as Secretary, Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises, for a period of three months or till appointment of a regular incumbent to that post or till further orders, whichever is the earliest.


No comments

Powered by Blogger.