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SAIL plan for HP

The Steel Authority of India Limited (SAIL) plans to raise the steel consumption in Himachal Pradesh so that it reaches the national average, top SAIL officials said on Monday. “There is a lot of scope of raising steel consumption in Himachal infrastructure projects. The current consumption is 16 kg per head and we want to raise this to atleast the national average of 46 kg per head,” said Steel Secretary, Atul Chaturvedi. - Steel Ministry set to give shape to long-delayed reforms - SAIL not affected by slowdown - Subir Roy: A historic opportunity for SAIL">Subir Roy: A historic opportunity for SAIL - Mittal plans 6 mt plant in Karnataka - PSUs to lose out on interest - Capex spending slows in Q2 “As SAIL is planning to set up steel projects in Kangra, Sirmaur and Mandi districts, there is a lot of scope for involving the local entrepreneurs for producing stainless steel,tmt and other steel items in these projects,” he said. “SAIL will also help these entrepreneurs in marketing their products,” he said. Asked about the proposed steel plant site in Sirmaur district he said the state government had shown a site which SAIL is considering.


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In the long run,” John Maynard Keynes had famously said, “we are all dead.” Keynes may not have been quite dead, but he had lived a ghostly half-life in the corridors of central banks and within the academia for decades. Now with the failures of unbridled capitalism on a global scale, he is back in fashion, along with Marx. John Cassidy, the finance correspondent for the New Yorker has come with How Markets Fail: The Logic of Economic Calamities (Allen Lane/Penguin £25), which draws heavily on Keynes to recount the story of America’s housing boom and the failures of regulators and self-deception of bankers that led to the present financial crisis. The book is a sequel to Cassidy’s earlier book DotCon that dealt with the stupidities of the stock market bubble in the late 1990s, but both deal with one central idea: the belief that society is best served when individuals are left free to pursue their self-interest was “Utopian economics” and led to disaster because of “the crooked timber of humanity”, and the uncertainty that is inherent in any human enterprise.
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