financetom
Economy
financetom
/
Economy
/
Parliament winter session: Govt notifies Steel Scrap Recycling Policy, says steel minister Dharmendra Pradhan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Parliament winter session: Govt notifies Steel Scrap Recycling Policy, says steel minister Dharmendra Pradhan
Nov 18, 2019 7:17 AM

The government has notified a Steel Scrap Recycling Policy (SSRP) to provide for a framework to facilitate and promote establishment of metal scrapping centers in India for scientific processing and recycling.

Union Steel and Petroleum Minister Dharmendra Pradhan said in Lok Sabha that the policy framework provides standard guidelines for collection, dismantling and shredding activities in an organised, safe and environmentally sound manner.

"The Steel Scrap Recycling Policy has been notified in the Gazette of India vide No. 354 dated November 7, 2019. The policy provides a framework to facilitate and promote establishment of metal scrapping centers in India for scientific processing and recycling of ferrous scrap generated from various sources and a variety of products," he said during Question Hour.

Pradhan said the policy prescribes guidelines for setting up and responsibilities of dismantling centre and scrap processing centre, roles of aggregators and responsibilities of the government, manufacturer and owner.

"The Steel Scrap Recycling Policy does not envisage setting up of scrap centres in the country by the government.

The role of government is to provide a framework to facilitate and promote establishment of metal scrapping centres in the country," he said.

The minister said the government has not fixed any incentive on sale of scrap. This will be governed by guidelines and market conditions prevailing at the time of sale of scrap.

The other ministries involved in sanctioning of scrap centres are Ministry of Road Transport and Highways and Ministry of Environment, Forest and Climate Change, he said.

Replying to a separate question, Union Tourism Minister Prahlad Singh Patel said the Ministry of Tourism is developing thematic circuits in the country under its scheme of 'Swadesh Darshan' in a planned and prioritised manner.

The projects for development under the scheme are identified in consultation with state governments or Union Territory Administrations or central agencies and are sanctioned subject to availability of funds, submission of suitable detailed project reports, their adherence to relevant scheme guidelines and utilisation of funds released earlier, he said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Drop in US wholesale inventories in November unrevised at 0.2%
Drop in US wholesale inventories in November unrevised at 0.2%
Jan 8, 2025
WASHINGTON (Reuters) - U.S. wholesale inventories fell 0.2% in November, as initially estimated last month, amid sharp declines in stocks of long-lasting manufactured goods like motor vehicles and computer equipment. Stocks at wholesalers were unchanged in October, the Commerce Department's Census Bureau said on Wednesday. Economists polled by Reuters had expected the drop in inventories, a key part of gross...
US Equity Indexes Fall in Choppy Trading as Waller Sees Inflation Easing Amid Drop in Jobless Claims
US Equity Indexes Fall in Choppy Trading as Waller Sees Inflation Easing Amid Drop in Jobless Claims
Jan 8, 2025
01:16 PM EST, 01/08/2025 (MT Newswires) -- US equity indexes fell in choppy midday trading Wednesday as investors weighed an unexpected drop in jobless claims with Federal Reserve Governor Christopher Waller's view that inflation remains on an easing trajectory. The S&P 500 fell 0.1% to 5,906.2, with the Nasdaq Composite down 0.1% to 19,463.3 and the Dow Jones Industrial Average...
Is Labor Market Cooling Or Raising Fed Concerns? What To Watch In Friday's Jobs Report
Is Labor Market Cooling Or Raising Fed Concerns? What To Watch In Friday's Jobs Report
Jan 8, 2025
Friday’s official jobs report is expected to shed light on the cooling U.S. labor market in December 2024, as economists project slower hiring that could ease pressure on the Federal Reserve amid renewed inflation concerns and policy uncertainty under Donald Trump‘s incoming administration. In a preview shared Wednesday, ADP's National Employment Report—a private-sector-focused indicator—revealed that employers added 122,000 jobs in...
US weekly jobless claims fall to 11-month low as labor market remains stable
US weekly jobless claims fall to 11-month low as labor market remains stable
Jan 8, 2025
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring has led some laid-off workers to experience long bouts of joblessness. Signs of a steadily cooling labor market could allow the Federal Reserve to keep interest rates unchanged in January...
Copyright 2023-2025 - www.financetom.com All Rights Reserved