Stainless steel makers criticise budget, fear deluge of Chinese products in market : Bulletin: Business Today
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Stainless steel makers criticise budget, fear deluge of Chinese products in market

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Rashi Bisaria | February 2, 2021

Budget 2021: India Inc welcomes tax relief, infra spend fillip

Finance Minister's third Budget speech managed to enthuse Indian corporate sector. Industry leaders praised the steps to provide tax relief to senior citizens, encourage expenditure for infrastructure development and emphasis on healthcare in Union Budget 2021-22. Uday Kotak, the Executive Vice Chairman and Managing Director of Kotak Mahindra Bank, hailed the focus on healthcare, infrastructure and financial sectors.

Stainless steel makers flay Budget 2021, say it opens floodgates for Chinese companiesThe domestic stainless steel manufacturing industry has criticised the Union Budget 2021 presented by Finance Minister Nirmala Sitharaman in the parliament today for reopening the floodgates for Chinese firms to dump their products in the Indian market. The government has slashed import duties on a host of steel products including stainless steel items and also revoked some of the trade remedial measures taken between 2016 and 2019 to thwart cheap imports from China.

Protesting farmers to block national state highways for 3 hours on February 6

Farmer unions have announced a nationwide 'chakka jam' on February 6 against the internet ban on their agitation spots and alleged harassment by the authorities. Protesting farmers said they will block national and state highways between 12 PM to 3 PM on February 6, Saturday.

Oxford COVID-19 vaccine: 1,500 volunteers given wrong dose, weren't informed

About 1,500 of the initial volunteers in a late-stage clinical trial of the Oxford/AstraZeneca Covid-19 vaccine were given the wrong dose, but weren't informed that a mistake had been made after the blunder was discovered, documents obtained by Reuters show. Instead, the dosing mishap was presented to the trial participants in a letter dated June 8 as an opportunity for University of Oxford researchers to learn how well the vaccine works at different doses.

Google to pay $3.8 million to settle hiring, pay bias charges

Alphabet Inc's Google will spend $3.8 million, including $2.6 million in back pay, to settle allegations that it underpaid women and unfairly passed over women and Asians for job openings, the U.S. Department of Labor said on Monday. The allegations stemmed from a routine compliance audit several years ago required by Google's status as a supplier of technology to the federal government.

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