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Steel Plant: NMDC creates history as Nagarnar steel plant churns out hot rolled coil in 9 days flat | India News

25Aug

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Steel Plant: NMDC creates history as Nagarnar steel plant churns out hot rolled coil in 9 days flat | India News

HYDERABAD: In an unprecedented development, the Nagarnar Steel Plant in Chhattisgarh has produced its final product -- hot rolled (HR) coil -- in just nine days of the production of hot metal, state-run iron ore miner NMDC Ltd on Thursday.Terming the feat as astounding as the mining giant has no prior experience in steel making, NMDC Ltd acting chairman and managing director Amitava Mukherjee said with this the PSU now joins the coveted league of Indian steel makers.“For over six decades we had been playing a pivotal role in the domestic steel market as a supplier of quality iron ore. With today's development we emerge as the newest entrant in the domestic steel market and have put Bastar on the steel map,” Mukherjee said.What makes the feat even more remarkable, NMDC said, is that it is ...

Food Processing: After McD’s, Burger King drops tomatoes from menu | India News

NEW DELHI: Amid high inflation, items ranging from tomatoes to cheese slices are slowly disappearing from the menu of restaurants. Patrons of Burger King India will now be served burgers without tomatoes as the American fast food chain has dropped the veggie from its menu across several Indian outlets, citing patchy supplies. "Due to unpredictable conditions on the quality and supply of tomato crops, we are unable to add tomatoes to our food. Rest assured, our tomatoes will be back soon. Till then, we request your patience and understanding," the firm posted on its website's support section. A company spokesperson did not respond to queries.Burger King joins its peers McDonald's and Subway, which had in the recent past made changes to their menu in India. While McDonald's (largely outlets...

Young-professionals to be hired by I-T department to help in tax litigation | India News

MUMBAI: Perhaps for the first time, the Income-tax department is tapping into the young-talent by introducing the ‘Young Professional Scheme’. The objective is to attract young professionals who have domain knowledge in law and accountancy. To begin with, 50 such professionals (the cut-off age is 35 years) will be appointed to aid departmental representatives (DRs) in conducting research to strengthen the revenue’s arguments in appeals before the Income-tax Appellate Tribunal (ITAT). The scheme will initially run for two years and will be evaluated for further extension.The ITAT is the first level of judicial appeal and is the final fact-finding authority. The party aggrieved by its order, can appeal to the high-court, only if the issue involves a question of law. At present appeals are h...