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India Infoline News Service | Mumbai |

India's steel production grew at nearly half the world's average in the first six months of this year, but the country still maintains the fourth position among top steel producers

With new procedures in place and skilled manpower recruited to carry out aviation safety surveillance, DGCA is ready to seek a fresh audit of India's safety oversight mechanism which was downgraded in January by its US counterpart FAA. (BS)

Citing the urgent need for turning the country into an export powerhouse and the prevalent practices in competing nations, the Exim Bank has requested the Reserve Bank to increase its leverage ratio so that it can lend more to the exporters. (BS)

Armed with budget proposals to bring down the fiscal deficit, the Finance Ministry will pitch for a ratings upgrade at a series of meetings with the global agencies in the next 2-3 months. (BL)

India's steel production grew at nearly half the world's average in the first six months of this year, but the country still maintains the fourth position among top steel producers. From January-June, India produced 41.28MT steel, up 1.4% over 40.72MT in the year-ago period, as per the World Steel Association data. (ET)
 

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