GS-3, Indian Economy, Uncategorized

Cabinet approves National Steel Policy 2017

The Indian steel sector has grown exponentially over the past few years to be the third largest producer of steel globally, contributing to about 2% of the country's GDP and employing about 5 lakh people directly and about 20 lakh people indirectly. Key features of the National Steel Policy 2017: Create self-sufficiency in steel production… Continue reading Cabinet approves National Steel Policy 2017

GS-3, Indian Economy, Uncategorized

Steel firms may get NIIF funding support

The Hindu Issue Government is looking at creating a fund under India’s first sovereign wealth fund, NIIF, which will address capital requirements of domestic steel companies. NIIF National Investment and Infrastructure Fund (NIIF) is a fund created by the Government of India for enhancing infrastructure financing in the country. NIIF, proposed to be set up… Continue reading Steel firms may get NIIF funding support