Business Standard

Steel may be declared essential commodity

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Siddharth Zarabi New Delhi

A year after it declassified steel and its products from the list of essential commodities, the government is preparing to bring it back under the ambit of the Essential Commodities Act, 1955.

The Act gives power to the government to control production, supply and distribution of essential commodities at a fair price.

 

The proposal, which was discussed at last week

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First Published: Apr 24 2008 | 12:00 AM IST

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