"A comprehensive package for steel sector should be unveiled encompassing special financing arm for providing capital for expansion of capacities, easy extension of working capital loans, long-term policy on freight tariffs and augmenting transportation infrastructure capacity to meet needs of steel production," it said in a statemeant. To prevent import of cheap steel, it asked for measures like imposition of minimum import price (MIP) and safeguard duties on a sustained basis and inclusion of pig iron, sponge iron and billets in the list of products covered under MIP. "Transporters charge exorbitant rates for movement of iron ore and other raw materials from mines and ports to steel plants, besides they also prevent free competition through their dominating presence in local areas," it said. There is a need to create a special funding mechanism for providing capital for brown-field expansion of capacities at the existing steel mills, it said. end-of.Assocham urges govt to address steel sector's core issues --> --> --> Search Horoscope IndiaPoliticsCrimeAll IndiaWorldSouth AsiaAsiaMiddle EastAfricaEuropeAmericasOceaniaMetrosDelhiKolkataMumbaiIn Other CitiesBusinessEconomyMarketCompaniesAutosIn Other NewsOpinionEditOpedColumnistsInterview of the WeekReporter's DiaryThe Age DebateHere and NowSportsCricketTennisFootballIn Other sportsTechnologyMobiles & TabsGadgetsIn Other newsReviewsEntertainmentBollywoodHollywoodMovie ReviewsTVMusicIn Other NewsPhotosLifeHealthFashionFoodTravelArtRelationshipMore FeaturesNewsmakers BooksScienceHoroscopeAge on SundayDelhi AgeMumbai AgeDecafDiscourse360 DegreeEditors' PicksJust InPlay Games --> Menu e-Paper | Age on Sunday Auto Refresh Search Horoscope Tuesday, Mar 15, 2022 | Last Update : 11:20 AM IST Home

IndiaWorldMetrosBusinessOpinionSportsTechnologyEntertainmentPhotosLifeNewsmakers More BooksScienceHoroscopeAge on SundayDelhi AgeMumbai AgeDecafDiscourse360 DegreeEditors' PicksJust InPlay Games Business Assocham urges govt to address steel sector's core issues Business Assocham urges govt to address steel sector's core issues PTI Published: Nov 3, 2016, 2:00 pm IST Updated: Nov 3, 2016, 2:00 pm IST The steel ministry should bring down rate of royalty on iron ore to reduce the cost of raw materials for steel plants. (Representational Image) The steel ministry should bring down rate of royalty on iron ore to reduce the cost of raw materials for steel plants. It also demanded for withdrawal of import duty of five per cent imposed upon metallurgical coke and coking coal China Basin Faucet Suppliers to restore competitiveness in the domestic steel industry. Considering that higher transport costs result in higher costs of production of steel in India, there is an urgent need to bring down freight tariff rates by up to 25 per cent across all raw material and steel products to gain competitive edge, it said. Assocham has suggested the government to constitute an authority either at the central or state level to fix the ceiling on road freight rates with a view to break local monopolies. "Banks should extend working capital loans to steel companies on a priority basis, especially those which have not defaulted on interest payment, while structural problems relating to high debts of various steel companies would take time to resolve," it added. New Delhi: Industry body Assocham on November 3 urged the Centre to initiate certain measures for the domestic steel sector such as extending easy financing, devising long-term freight tariff policy and augmenting transportation infrastructure among others. The steel ministry should bring down rate of royalty on iron ore to reduce the cost of raw materials for steel plants, it added

Megosztás a facebookon

Mercedes-Benz parent Daimler and supplier Robert Bosch are teaming up to develop self-driving cars in an alliance primarily aimed at accelerating the production of "robo-taxis".Tech companies and carmakers are preparing for a new way of doing business in the auto industry as customers use smartphones to locate, hail and rent vehicles, rather than going out and buying a car.Teaming up with Bosch helps Mercedes throw more engineering resources at autonomous cars, allowing it to bring forward the date for having a production-ready system for autonomous cars by several years. Mercedes-Benz responded by developing an S-class limousine that drove 103 km (64 miles) between the German towns of Mannheim and Pforzheim a year later.3 billion, a deal which followed Qualcomm&OEM Stainless steel Faucet Manufacturers39;s $47 billion deal to acquire Dutch automotive chip supplier NXP."The prime objective of the project is to achieve the production-ready development of a driving system which will allow cars to drive fully autonomously in the city," Daimler said in a statement on Tuesday. That will be too late," von Hugo said, adding that the prospect of new revenue streams from maintaining fleets of robo-taxis was a big motivating factor for doubling up the carmaker's R&D efforts."Cars which do not rely on any driver input have a different architecture and sensor setup, with more radar and cameras," Christoph von Hugo, a senior Mercedes-Benz safety manager, told Reuters at a recent event to present safety systems.The autonomous system will now be ready by the beginning of next decade, Daimler said, without disclosing when it had first envisaged the commercial launch of robo-taxis.Before deciding to partner with Bosch, Mercedes-Benz had two engineering teams working on autonomous vehicles.

Full autonomy - known as an "eyes off, brains off" or "level 5" system - does away with even the need for a steering wheel." . One took an evolutionary approach, upgrading the capabilities of conventional vehicles, while the other team took a more radical approach to the car's design. Mercedes-Benz and auto supplier ZF also have separate alliances with Nvidia."Within a specified area of town, customers will be able to order an automated shared car via their smartphone."EYES OFF, BRAIN OFFThe cutthroat competition to launch self-driven cars has forced carmakers to change pace."If you take the robo-taxi, you start perhaps in a city or several cities or areas of cities, and then you grow from there," he said.Autonomous vehicles came closer to road-going reality after Google unveiled a prototype car which it developed with the help of Bosch back in 2012.Real commercial applications for autonomous cars will start to take off between 2020 and 2025, Ola Kaellenius, Daimler board member and head of Group Research and Mercedes-Benz Cars development told Reuters last month.Bosch is already one of the world's largest suppliers of advanced driver assistance systems (ADAS) and recently announced an alliance with US tech firm Nvidia to develop a self-driving computer for production cars. "The idea behind it is that the vehicle should come to the driver rather than the other way round.Mercedes-Benz's arch rival BMW teamed up with Israeli autonomous vehicle tech company Mobileye and chip maker Intel last year to develop new technology that could put autonomous cars on the road by 2021. 

Megosztás a facebookon