Govt to act tough on cartelisation: Nath

Print Email Feedback Discuss

Rate Article

Rating:

Press Trust of India Posted: Apr 13, 2008 at 2242 hrs IST

New Delhi: Commerce & industry minister Kamal Nath said on Saturday that the Government will come down heavily on cartelisation of steel producers and freight operators, and hoped the Competition Commission of India (CCI), which is to become operational soon, will help stop these malpractices. Speaking at an industry chamber meeting here, he said, “The CCI is falling into place. There is cartelisation taking place in freight rates and steel prices. This is happening... the government has to respond commensurately.” He said the cement export ban will not impact the SEZs, which are considered to be bonded territories by the customs authorities. Nath said the Directorate General of Foreign Trade has issued the notification banning export of cement.

Ads By Google

TERMS OF USE:
The views represented here are not neccesarily endorsed by www.expressindia.com and its allied websites. All messages will be moderated and no message that has inflammatory, abusive, derogatory language or any language deemed unfit for publication by the editor will be displayed. Though it will be endeavoured that as many messages as possible be displayed, there will be time lag between the submission and publication of the messages. The website reserves the right to publish or reject any message.

I agree to the terms of use.

View all Messages [ 0 ]

Be the first to comment.

Mail this page

Message*	Maximum characters allowed

Name*		Email ID*
Subject*		Country*

Govt to act tough on cartelisation: Nath

Related Stories: