SAIL Chairman Calls for Steel Tariffs
The Chairman of Steel Authority of India Limited (SAIL) has called for the imposition of tariffs on steel imports, citing the need to protect the domestic steel industry from rising competition and price pressures. This recommendation comes amid growing concerns over the impact of cheaper imported steel, particularly from China, which is affecting the profitability and stability of Indian steel producers. The chairman highlighted that the influx of foreign steel has created market imbalances, making it difficult for local manufacturers to compete on both price and volume. India’s steel indus..
Centre to Review Real Estate Act
The Central government is set to conduct a review of the Real Estate (Regulation and Development) Act (RERA), which was introduced eight years ago to bring transparency, accountability, and fairness to the real estate sector. The review aims to evaluate the enforcement of orders issued by RERA authorities and assess the overall impact of the act in protecting the interests of homebuyers while ensuring a fair regulatory environment for developers. As part of the review, the Centre has sought detailed reports from state-level RERA authorities on the current status of enforcement, focusing on the..
IndoSpace to Invest Rs.4,500 Crore
IndoSpace, one of India's leading developers of industrial and logistics parks, has announced plans to invest Rs.4,500 crore in establishing new logistics parks across Tamil Nadu. This significant investment aims to boost the state's industrial growth by enhancing warehousing and supply chain infrastructure. The logistics parks will cater to the growing demand for efficient storage and transportation facilities in various sectors, including e-commerce, automotive, and manufacturing, which rely heavily on seamless logistics operations. The new logistics parks are expected to spread acros..