Posco Maharashtra increases CRC export offers by $15-20/MT
The Dollar Business Bureau Posco Maharashtra, a leading player in global steel industry, has increased offers for the cold rolled coil (CRC) export by $15-20 per MT this week, according to sources. Currently the export offers for CRC from India are being evaluated at $545-550 per MT, compared to $530 per MT last week on free on board (FoB) basis. The prices have increased considerably due to the higher prices of iron ore and coking coal. In spite of increase in the prices, CRC export sales from India during the period January-October 2016 surged by around 53% and was at 0.72 MnT, against the 0.47 MnT in same period a year earlier. In the global market, CRC export offers of China are in the range of ...
Govt to speed up company incorporation process
The Dollar Business Bureau As part of the Government Process Re-engineering (GPR) to ensure ease of doing business in the country, the government has initiated the Central Registration Centre (CRC), a mechanism that will ensure speedy incorporation related services within stipulated time frames. “The GPR involves a three-pronged approach of further automating some of the approval processes by utilising advanced software tools & engines, rationalising and modifying some of the rules and engaging professionals to expedite the process of manual scrutiny,” Ministry of Corporate Affairs said in a statement. The latest decision has been taken keeping in mind the international best practices to undertake speedier and uniformly processing of applications, thus doing away with discretion. The initiative has been launched ...
