Latest news with #Jindal
Business Standard
a day ago
- Business
- Business Standard
Jindal seeks duties on steel imports to shield MSMEs, boost Make in India
Jindal Stainless Chairman Ratan Jindal on Wednesday urged the government to protect the industry and livelihood of people by imposing appropriate duties on surging imports from select countries. The industry leader made the remarks while addressing the Global Stainless Steel Summit (2025) in Mumbai. "Today, low-priced imports from China and Vietnam persist across numerous industries, including stainless steel. In this context, it is essential that we collectively take a stand to protect our industry, particularly MSMEs, and the livelihood of our people, by imposing appropriate duties on these countries. I request the government's continuous support in this regard," he said while addressing the gathering. Jindal said many countries with excess production disrupt the level-playing field, particularly for the MSME sector. They divert surplus stainless steel through nations with free trade agreements with India or through ASEAN countries like Vietnam. "We have all witnessed how Indian industries like textiles, electronics, and machinery have been severely impacted by the aggressive export policies of countries like China and Vietnam," he said. India's installed stainless steel capacity stands at 7.5 MT, with a current utilisation of about 60 per cent, indicating significant potential for ramp-up, provided the right policy environment and demand momentum are sustained. He said future investment in stainless steel is bound to get impacted. As domestic capacities are lying idle and 30 per cent of the consumption is still coming from imports. He also advocated for a separate policy to promote the interests of stainless steel sector. "We, thus, need a policy ecosystem that is conducive to domestic manufacturing and consistent in favouring Make in India in the long term. "Only then will we be able to claim our rightful position in the global stainless steel industry," Jindal said. Later, addressing the media, JSL Director Vijay Sharma said on behalf of the industry, ISSDA will be filing and application with Directorate General of Trade Remedies (DGTR) this month to investigate the dumping of stainless steel items into the domestic market from select group of countries. India's stainless steel imports rose to 1.73 million tonnes in FY25, with China, Indonesia, Vietnam and South Korea being the major contributors to the shipments, as per the market research firm BigMint.
Time of India
a day ago
- Business
- Time of India
Jindal Stainless chairman urges govt to impose appropriate duties on imports from certain countries
Jindal Stainless Chairman Ratan Jindal on Wednesday urged the government to protect the industry and livelihood of people by imposing appropriate duties on surging imports from select countries. The industry leader made the remarks while addressing the Global Stainless Steel Summit (2025) in Mumbai. "Today, low-priced imports from China and Vietnam persist across numerous industries, including stainless steel. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Homeowners can claim a free boiler upgrade if they live in these postcodes Eco Green Tips Apply Now Undo In this context, it is essential that we collectively take a stand to protect our industry, particularly MSMEs, and the livelihood of our people, by imposing appropriate duties on these countries. I request the government's continuous support in this regard," he said while addressing the gathering. Jindal said many countries with excess production disrupt the level-playing field, particularly for the MSME sector. They divert surplus stainless steel through nations with free trade agreements with India or through ASEAN countries like Vietnam. Live Events "We have all witnessed how Indian industries like textiles, electronics, and machinery have been severely impacted by the aggressive export policies of countries like China and Vietnam," he said. India's installed stainless steel capacity stands at 7.5 MT, with a current utilisation of about 60 per cent, indicating significant potential for ramp-up, provided the right policy environment and demand momentum are sustained. He said future investment in stainless steel is bound to get impacted. As domestic capacities are lying idle and 30 per cent of the consumption is still coming from imports. He also advocated for a separate policy to promote the interests of stainless steel sector. "We, thus, need a policy ecosystem that is conducive to domestic manufacturing and consistent in favouring Make in India in the long term. "Only then will we be able to claim our rightful position in the global stainless steel industry," Jindal said. Later, addressing the media, JSL Director Vijay Sharma said on behalf of the industry, ISSDA will be filing and application with Directorate General of Trade Remedies (DGTR) this month to investigate the dumping of stainless steel items into the domestic market from select group of countries. India's stainless steel imports rose to 1.73 million tonnes in FY25, with China, Indonesia, Vietnam and South Korea being the major contributors to the shipments, as per the market research firm BigMint. PTI
Cision Canada
2 days ago
- Business
- Cision Canada
FSRA issues notices of proposal against Chanderkant Jindal Français
TORONTO, June 3, 2025 /CNW/ - Ontario's financial services regulator, FSRA, has initiated enforcement actions against Chanderkant Jindal (Jindal). FSRA alleges that Jindal provided false or misleading statements or representations in the solicitation or registration of insurance, contrary to section 17(c) of Ontario Regulation 347/04 under the Insurance Act. FSRA alleges that Jindal is not suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act, and its regulations because his past and present conduct in the insurance and mortgage sectors provides reasonable grounds for belief that he will not deal or trade in mortgages in accordance with the law and with integrity and honesty. In addition, FSRA alleges that Jindal made a material misstatement or omission to FSRA on his license renewal application, contrary to section 10(3) of Ontario Regulation 409/07. FSRA is proposing to refuse to renew the mortgage agent license of Jindal and impose an administrative penalty in the amount of $5,000 against Jindal under the Insurance Act. Jindal has requested a hearing before the Financial Services Tribunal about these proposals. Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities. For media inquiries: Ashley Legassic Sr. Media Relations and Digital Officer Financial Services Regulatory Authority C: 647-719-8426 Email: [email protected]
Yahoo
2 days ago
- Business
- Yahoo
FSRA issues notices of proposal against Chanderkant Jindal
TORONTO, June 3, 2025 /CNW/ - Ontario's financial services regulator, FSRA, has initiated enforcement actions against Chanderkant Jindal (Jindal). FSRA alleges that Jindal provided false or misleading statements or representations in the solicitation or registration of insurance, contrary to section 17(c) of Ontario Regulation 347/04 under the Insurance Act. FSRA alleges that Jindal is not suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act, and its regulations because his past and present conduct in the insurance and mortgage sectors provides reasonable grounds for belief that he will not deal or trade in mortgages in accordance with the law and with integrity and honesty. In addition, FSRA alleges that Jindal made a material misstatement or omission to FSRA on his license renewal application, contrary to section 10(3) of Ontario Regulation 409/07. FSRA is proposing to refuse to renew the mortgage agent license of Jindal and impose an administrative penalty in the amount of $5,000 against Jindal under the Insurance Act. Jindal has requested a hearing before the Financial Services Tribunal about these proposals. Learn more: Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities. For media inquiries: Ashley LegassicSr. Media Relations and Digital OfficerFinancial Services Regulatory AuthorityC: 647-719-8426Email: SOURCE Financial Services Regulatory Authority of Ontario View original content to download multimedia: Sign in to access your portfolio
NDTV
3 days ago
- Science
- NDTV
Analysing Mock Tests, Taking Timely Breaks: JEE Advanced Toppers Share Strategies To Crack IIT Exam
Kota (Rajasthan): Toppers of this year's JEE-Advanced said analysing mock papers, focussing on NCERT textbooks, and taking timely breaks helped them crack the national engineering test. Results of IIT entrance exam JEE-Advanced 2025 were announced on Monday morning. In an interview with PTI, the top two rank holders shared their insights and strategies to crack what is among the toughest examinations in the country. Rajit Gupta, the all-India topper, said he began his preparation from Class 10. "There wasn't anything special in my preparation. My key goal was to complete the assigned tasks and solve modules on time, " said Gupta, who scored the highest 322 out of 360 on the test. He said he also solved selective questions from HC Verma and Irodov but mainly focused on the NCERT textbook, he said. "I didn't adhere to a specific number of hours. It entirely depended on completing an entire topic. I generally devote most of the time to studying," he added. Gupta said he would take breaks when he got stuck on solving a question. "I would speak to my younger sister which would change my mood and would then go back to studying." His father Deepak Gupta, an engineer working in BSNL, Kota, said he had "piles of books" that went way above his head and "attempted a heap of mock papers. Sakshyam Jindal from Hisar in Haryana, who stood second in the Common Rank List (CRL) said he was based in Kota for the last two years for preparation. Both Jindal and Gupta attended the Allen Career Institute for their preparations. Jindal said since he felt confident about Maths, he focussed more on Physics and Chemistry. "Regular analysis of your mock test will improve your concept. It will help you overcome panic during the examination," he said. When asked about his future goals, Jindal said, "Primarily, my goal is to join IIT Bombay." "At present, I don't have any plans regarding going abroad for better opportunities," he added. PTI COR SKY SKY
