Companies & Sectors
India's steel exports fall 32 percent in 2015-16
Kolkata : India's steel exports fell 32 percent while imports rose 20.2 percent in fiscal 2015-16 compared to the previous year, according to provisional data released by the government.
 
"Export of total finished steel was down by 32 percent in 2015-16 at 3.80 million tonnes compared to the last year. Import of total finished steel at 11.20 million tonnes in 2015-16 saw a growth of 20.2 percent compared to the last year," said a report by the Joint Plant Committee.
 
The committee is the only institution in the country to have been empowered by the steel ministry to collect data on the Indian iron and steel industry.
 
The report said exports in March 2016 at 0.35 million tonnes declined by 32.4 percent compared to the same month last year but grew 17.1 percent compared to February 2016.
 
Imports in March 2016 at 0.994 mt increased by 18.2 percent compared to March 2015 and by 9.1 percent compared to February 2016. India was a net importer of total finished steel in 2015-16, the report said.
 
Production for sale of total finished steel at 91.12 million tonnes registered a decline of 1.1 percent in 2015-16 compared to the previous year. India's consumption of finished steel at 80.27 million tonnes saw a growth of 4.3 percent in 2015-16 compared to the previous year.
 
"Such growth was mostly led by imports which accounted for 14 percent of total steel consumed by the country during the year, given that production for sale was down by 1.1 percent during this period," the report said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Shani temple allows women devotees
Ahmednagar (Maharashtra) : In a historic decision, the famous Shani Shingnapur Temple Trust has decided to throw open its doors to women from Friday, a trustee announced here.
 
Trustee Shalini Lande informed the mediapersons about the decision on behalf of the temple trust.
 
The step was immediately welcomed by Maharashtra Chief Minister Devendra Fadnavis and women's group Bhumata Ranragini Brigade that was agitating for it for four months.
 
Women were prohibited to worship in the temple earlier.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

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COMMENTS

Atul Patil

11 months ago

Its welcome move , but I like who (like sindhutai Sapkal, Nana patekar & Makrand Anaspure) servers common peoples without any publicity

Silence is golden, especially now when there isn't any (The Funny Side)
A comedian named Dan reminded me that TV used to stop overnight, and it inspired me to tell my children the horrific truth about life in the old days: "And at about 11.30 every night, they would play the national anthem and we would pretend to stand up and every screen went blank. And all screens in the land remained dead until the next afternoon."
 
They were shocked. "But what did people do," asked one.
 
"Many committed suicide while others were driven insane by the silence." (Dads are good at getting the sympathy vote.)
 
The conversation put me in mind of how little silence we have these days. Reader Josefina Cavallero sent in a news report about an apartment in the UK which was identified in so many noise complaints that police got a warrant to break in. They found 34 audio speakers in the small flat and confiscated the lot. "They left only a CD player plus a pair of headphones," she said.
 
I remarked that this was kind of them, but a youngish colleague who loves heavy rock, metal and punk shook his head. "The only purpose of putting on loud music like that is to annoy other people," he said. "You don't think anyone actually enjoys it, do you?"
 
It's funny how young people don't realize that it was the adult generation who actually invented rock music and its accompanying misbehavior. When I lived in London, I was such a naughty kid that people would come to my house to get tips on how to smash up stuff.
 
Anyway, this colleague, who clearly has a Mission to Annoy, forwarded me a recent news report of a case where the problem was the person complaining rather than the noisemaker. Reagan National Airport in Washington, D.C., revealed recently that it received 8,670 noise complaints in 2015, of which 6,500 came from one person.
 
I think it can be assumed that one of the airport's neighbors did not enjoy the sound of planes.
 
I did the math. Since there are only 8,760 hours in a year, the guy must have complained every hour, night and day, five days a week. WIFE: "Why are you getting up? It's 3 a.m." HUSBAND: "I haven't called the airport complaints line for nearly an hour. A man has to follow his dreams, Janice."
 
Yet, the best way to deal with noise complaints is to use cunning rather than getting into a fight. I remember some years ago reporting on the case of a myna bird in Nanjing, China. His owner, a Mr. Jiang, decided to invest in a pair of noisy parrots as well, who squawked night and day. The myna bird soon noticed that the newcomers shut up whenever a cat passed the window. Mynas are famous for their ability to mimic sounds, so it started miaowing like a cat whenever it wanted to a bit of peace. "He did it many times a day," Mr. Jiang told a reporter.
 
In honour of adults, I will now bring this column to a close by singing the national anthem. Kindly pretend to stand up.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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