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Tussle goes on for Cement Pricing - Government vs. Cement Industry
The government on Wednesday said no deal has been worked out with the cement industry to roll back prices that were hiked after the Budget proposal for dual excise duty on the construction raw material.
"Nothing is on anvil," Commerce and Industry Minister Kamal Nath said when asked whether the government and the industry have worked out a compromise formula. He said if need arises another meeting would be held with cement manufacturers. The Department of Industrial Policy and Promotion has already held a meeting with the producers.
"We are waiting for their feedback (on government's request to control prices)," Nath said. On Tuesday, the Commerce Minister had said that if companies were found to be profiteering the government would take measures to control prices. He had said that companies should absorb the levies if they could.
"Nothing is on anvil," Commerce and Industry Minister Kamal Nath said when asked whether the government and the industry have worked out a compromise formula. He said if need arises another meeting would be held with cement manufacturers. The Department of Industrial Policy and Promotion has already held a meeting with the producers.
"We are waiting for their feedback (on government's request to control prices)," Nath said. On Tuesday, the Commerce Minister had said that if companies were found to be profiteering the government would take measures to control prices. He had said that companies should absorb the levies if they could.
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1 comment:
cement basic need for infra development. Action to be initiated to motivate more cement production .Any form of crushing & control over cement manufacturers may retard capacity expansion and production .only alternative to reduce excise duties and negotiate with cement manufacturers . If not hamper retardation of infra,GDP and inflation>
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