Corona Virus: NMDC reduced iron ore prices by 1.5%

On March 16, 2020, the National Mineral Development Corporation announced that the prices of iron ore is to be reduced by 1.5%. The Corporation is taking such measures predicting decline in iron ore demands due to the threats of Corona virus. Highlights The steel prices in India reduced in 2019 due to economic slowdown. The ..

Month: Current Affairs - March, 2020

Category: Economy & Banking Current Affairs

Topics: Corona virus • COVID-19 • Economic Slowdown • exports • imports • Iron ore • Ministry of Steel • Steel

Mission Purvodaya: India-Japan join hands to make Odisha a Steel Hub

On February 28, 2020, the Union Minister of Steel announced at a workshop organized by Confederation of Indian Industries (CII) that GoI is to make Odisha the steel hub of India. This is to be achieved by the Government with the help of Japan. Highlights Odisha has been selected to establish steel hub due to ..

Month: Current Affairs - February, 2020

Category: Government Schemes Current Affairs

Topics: Chief Minister of Odisha • High Quality Steel • Ministry of Steel • national steel policy • Odisha • Purvodaya • Steel • Steel Industry

Consultative Committee meeting for steel ministry

A consultative committee meeting of MPs for the ministry of steel was organised in February to discuss ‘Steel Cluster Development’. Which ministry constitutes the consultative committee? Consultative committee is constituted by the ministry of parliamentary affairs. These committees are attached to various ministries. These committees are forums for discussions between the members of parliament and ..

Topics: Consultative Committee • Ministry of Steel • Steel Cluster Development

GoI to launch Purvodaya to accelerate Eastern India Development

On January 10, 2020, the Ministry of Steel announced that it will launch “Purvodaya”, a world class steel hub. The hub aims at an accelerated development programme of eastern states. The Ministry will be joined by CII (Confederation of India Industries) in the implementation of “Purvodaya”. Highlights The initiative aims at developing the eastern states ..

Month: Current Affairs - January, 2020

Category: Economy & Banking Current Affairs

Topics: CII • Crude Steel • Eastern States • High Quality Steel • Ministry of Steel • national steel policy • Odisha • Purvodaya • Steel Production

What is Ispati Irada?

Ispati Irada is a collaborative branding campaign launched by the Ministry of Steel during a Chintan Shivir organized on 23rd September 2019 by the Ministry. Ispati Irada campaign is launched for understanding the important role that the core sector of the steel industry can play in realizing Prime Minister Narendra Modi’s vision of $5 Trillion ..

Category: India Nation & States Current Affairs

Topics: Dharmendra Pradhan • Ispati Irada • Minister for Steel and Petroleum and Natural Gas • Ministry of Steel • Narendra Modi • Prime minister • Steel • Steeling India