India overhauls steel import reporting for transparency

15 Apr 2024 CW Team

India is poised to revamp its steel import reporting system in a bid to enhance transparency and efficiency in monitoring steel imports. This initiative comes as a response to concerns over the accuracy and timeliness of current reporting mechanisms.

The existing system relies heavily on manual data entry, which has led to inconsistencies and delays in reporting steel imports. To address these issues, the government is considering implementing a new electronic reporting system that would streamline the process and improve data accuracy.

One of the key objectives of this overhaul is to ensure that steel import data is reported in a timely manner, allowing policymakers to make informed decisions and respond swiftly to market developments. By adopting an electronic reporting system, India aims to enhance its ability to monitor steel imports and enforce trade regulations effectively.

Additionally, the proposed system is expected to provide greater transparency by making import data readily accessible to relevant stakeholders, including government agencies, industry players, and the public. This transparency is crucial for promoting fair trade practices and preventing illegal or unfair trade practices in the steel sector.

Furthermore, the updated reporting mechanism would facilitate better coordination between various government agencies involved in regulating steel imports, thereby improving overall governance and reducing bureaucratic hurdles.

Overall, India's move to overhaul its steel import reporting mechanism reflects its commitment to strengthening the transparency and efficiency of its trade monitoring processes. By embracing electronic reporting technologies, the country aims to enhance its ability to track steel imports accurately and ensure a level playing field for domestic steel producers.

Infrastructure Energy

28 Aug 2025

REC Hosts 56th AGM, Highlights Record Growth and Sustainability

REC Limited conducted its 56th Annual General Meeting (AGM) today through video conferencing, chaired by Jitendra Srivastava, Chairman & Managing Director. The meeting highlighted the company’s record operational and financial performance during the year, along with its strong focus on sustainability and ESG-led initiatives.Jitendra Srivastava, Chairman & Managing Director, in his address noted that REC achieved significant milestones during the year, strengthening its position as a performance-driven public financial institution. Loan sanctions stood at Rs 3.37 trillion, with disbur..

ADGBR Reviews Road Projects under Project Vartak

Additional Director General Border Roads (ADGBR) Jitendra Prasad conducted a four-day review of ongoing road and bridge construction works under Project Vartak in the area of responsibility (AoR) of the 42 Border Roads Task Force (BRTF) from 19 to 22 August.Prasad inspected key infrastructure projects including the Balipara–Charduar–Tawang (BCT) road, Sela–Chabrela–Banga Janga Gonpa road, Banga Janga Gonpa–Lagamche GG road, the Sela tunnel, and multiple roads in the Nelya sector.At various construction sites, project officials briefed him on project scope, progress, timelines, and op..

Nitin Gadkari Launches Three Highway Projects in Madhya Pradesh

Union Minister for Road Transport and Highways, Nitin Gadkari, laid the foundation stone for three National Highway (NH) projects in Madhya Pradesh on 24 August. According to the Ministry of Road Transport and Highways (MoRTH), the projects are designed to reduce travel time, ease congestion, enhance road safety, and improve connectivity across key corridors.The first project covers the four-laning of the 17.87 km Amazhar–Barela stretch, completing the Jabalpur Ring Road. The upgrade will divert heavy vehicles away from the city, reduce accident risks, and ensure smoother connectivity from A..