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The current happenings in Afghanistan have raised new security questions, Defence Minister Rajnath Singh said on Monday, adding that the government is alert and no anti-national force should be allowed to encourage terrorism from across the border by taking advantage of the situation. He also asserted the central government is capable of dealing with any situation. He was addressing virtually the third Balramji Dass Tandon Memorial Lecture organised by Panjab University on the issue of national security. What is happening in neighbouring Afghanistan is raising new questions in terms of security and our government is constantly monitoring the developments there, Singh said. Along with the security of Indians, he said, Our government also wants that anti-national forces do not encourage terrorism from across the border by taking advantage of the development there. We have some more concerns which can become challenges from the point of view of national security, he added. The Taliban took control of Afghanistan on August 15, capturing all major cities in a matter of days, two weeks before the US was set to complete its troop withdrawal after a vexatious two-decade war. Earlier this week, an Islamic State suicide attack outside the Kabul airport killed over 180 people. Singh said that the Narendra Modi government was alert and capable of dealing with any situation. We are always prepared to deal with threats arising from anywhere – air, water and land, he said. The defence minister laid stress on continuously upgrading and updating the national security system to face new challenges and said that some new threats have emerged because of the development of modern technology. He referred to the dropping of two bombs using drone at the Jammu air force station earlier this year. We have to continuously update and upgrade the national security system for new challenges, said Singh. He said the governments aim is to make the country prosperous, strong and secure. Such an India that does not scare anyone but develops a sense of security among small nations and that Indias growing power is not a threat to them, he said. Singh also said that there was a trust deficit between India and Pakistan and the country needed to be vigilant of this fact from the point of view of national security. Singh said Pakistan had understood that they would not make any gains from violations of ceasefire agreements. An agreement was signed between the Director General Military Operations (DGMO) of India and Pakistan to maintain ceasefire along the Line of Control in February this year, he said. We are also in wait and watch mode because the trust deficit between both the nations is a major problem, he said, adding that no ceasefire violation by the neighbouring nation has taken place ever since the agreement was signed. Pakistan understands that it is not in position to do much in Kashmir, especially after the nullification of Article 370, he said. He said Pakistan had suffered defeats in 1965 and 1971 wars and these defeats completely proved that it was not in a position to launch a full scale war against India. The minister said the inability to wage a direct war against India forced Pakistan to work on two policies – on the one hand, the neighbouring nation took steps towards finding an atomic way and on the other hand, it started working on the policy of giving death by thousand cuts to India. Pakistan had commenced a proxy war against India, allowing their land for providing training to terrorists, money and weapons to target India, he said, adding that after 1980s Pakistan had become the nursery of terrorism in the whole world. On Jammu and Kashmir, Singh said an effective action by Indian security forces to stop terrorism has been going on for the last seven years there. I believe that the remaining terrorism in Kashmir will also end. I have this belief because the strength and oxygen that the separatist forces used to get there due to Articles 370 and 35A are over now, said Singh. He said the Modi government neither does politics nor allows it to happen on issues related to national security, and added that a free hand has been given to the security forces in performing their duties. How high the confidence and morale of the army and security forces can be guessed from the fact that in the last seven years, they have not allowed a single major terrorist incident in the hinterland of India, he said. India is not only taking action against terrorism within the borders of the country, the brave soldiers of our army have done the work of destroying terrorist hideouts by crossing the border if needed, he said, referring to the surgical strike after the Uri terror attack and the Balakot air strikes after the Pulwama attack. Today we can say that Pakistan-supported model of terrorism is getting demolished in India, he said.
By Dr. Jaskiran Arora and Avleen Kaur, In fact, management programs and the relevance of studying the MBA program is thriving in this VUCA (Volatile, Uncertain, Complex and Ambiguous) crazy world. Covid-19 has transcended the management education to higher planes by freeing up space for Creativity and Innovation, explored and exploited by the B-Schools around the world to optimally utilise their limited resources for maximum productivity and satisfaction among students. Diffusing classroom walls : With the uncertain outbreak of covid-19, Educational Industry adapted itself by moving away from the four walls of classrooms to a larger extent of a globalised network. This online transition possesses a silver lining for the B-Schools to embrace the merits of globalisation and enjoy the access of globally available resources. Be it the Harvard Case Studies, virtual tutoring by the corporate honchos, video conferences for global \/ national discussions on economic trends in the world, online learning softwares, virtual assessments across boundaries, quizzes or even the simulation games where an MBA student can learn how the create budgets by role playing as the marketing head, a significant surge is witnessed in the Educational Technology since covid-19. This not only motivates MBA students to have a global perspective and growth mindset for the industrial revolution 4.0, but to be more progressive and open towards the digital transformation that is imminent. Enhanced variations in MBA program : With the Covid-19 outbreak bringing ambiguity to many facets of life, B-Schools are offering more flexibility towards education. Unstructured MBA is meant to assist those who are keen to learn but cannot afford to take the whole course ranging from two to three years in one go or are time constrained because of any given reason. Many institutions around the world have started offering online MBA programs catered to student Recorded sessions and Extra classes are also arranged for the students to build a much flexible structure. This helps in focusing on the importance of imparting a Student Oriented MBA Program where students could embrace the opportunities to build a program that is going to be the best for them. Cross Cultural Sensitization: In the traditional setting, where the peer learning was limited to the learning from the classmates, now, skys the limit! The progressive institutions are collaborating with international MBA schools for having students work on common group assignments virtually. In its truest form the pandemic has opened doors for anyone across the globe in your classrooms. The protagonists of the case studies, the authors of the books etc, can share their perspective in person. This is making the participants relate much better to the characters in their case studies, thus making them more intuitive and empathetic. While MBA institutions have a long road to travel, channelising the resources to witness the power of technology in response to the pandemic is just a stepping stone. (The authors are Dr. Jaskiran Arora (Dean, SOM) and Avleen Kaur (MBA 2021-2023 Student), BMU Munjal University. Views expressed are personal and do not reflect the official position or policy of the Financial Express Online.)
Storage battery major Exide Industries is exploring all the possible options to get into cell manufacturing for lithium-ion batteries. For this new venture, the company is awaiting fine print and details of the Production Linked Incentive (PLI) scheme as the government has recently approved the scheme for manufacturing advanced chemistry cell (ACC) battery in the country. This could be the first indigenous Lithium-ion cell manufacturing facility in India, if Exides plan materialises. The company is Later, talking to reporters during a virtual press meet, Chakraborty said, We were previously considering and evaluating the prospects of cell manufacturing in India. We are right now exploring all the possible options. As you are also aware the PLI scheme has not yet been floated for batteries, as and when it is floated, we will take a keen look at it and evaluate that whether we will go forward on that or not. ACCs are essentially lithium-ion cells, essential for developing electric vehicles and power storage. According to Chakraborty, the ballpark figure for minimum investment needed for cell manufacturing facility for lithium-ion batteries is around $100 million (Rs 700 crore) for per giga watt hour (GWh). Eyeing India Lithium-ion battery module and packing facility of the JV company, Exide Leclanche Energy, is in Gujarat. It is a 1.5 GWh facility. Exide Industries invested around Rs 192 crore up to March 31, 2021, in the Gujarat facility. This fiscal, the company has invested Rs 40 crore more in this facility. Equity shareholding of Exide in the JV company stands at 82.71% of the total paid-up share capital in April. It is very flexible and diversified unit. We have more than 100 OEMs (original equipment manufacturers) and utility companies, who have shown keen interests even during the pandemic, Currently, the plant is not 100% functioning. We expect the plant to be functioning fully by the end of this fiscal.81 crore for the first quarter this fiscal, as against a net loss of Rs 13.56 crore in the same period of the last fiscal. Revenue from operations rose to `3,542.63 crore during the quarter from Rs 2,526.11 crore in the first quarter of FY21.
The United States has announced the end of its 20-year-old war in Afghanistan as the last American military flight flew out of the Hamid Karzai International Airport in Kabul shortly before the August 31 deadline. Im here to announce the completion of our withdrawal from Afghanistan and the end of the mission to evacuate American citizens, third country nationals and vulnerable Afghans, US Central Command Commander Marine Corps General Frank McKenzie told reporters through a virtual news conference. Every single US service member is now out of Afghanistan, McKenzie said, announcing the formal end of Americas longest war, less than a fortnight before the 20th anniversary of the September 9\/11, in which Al Qaeda terrorists blew up the twin towers in New York. The terrorist strike forced the US to enter Afghanistan and overthrow the Taliban rule who then had provided safe havens to the Al Qaeda leadership. The Taliban rule was overthrown and replaced by US-backed Afghans, who ruled the country for 20 years, during which several general elections were held. That rule was overthrown by the Taliban on August 15 when the president Ashraf Ghani suddenly fled the country and the 3,00,000 Afghan armed forces troops trained by the United States gave up without any fight. The Taliban, which now is the ruling power in Afghanistan, welcomed the departure of the US troops from the country. Congratulations to all our compatriots and our dear nation and Mujahideen: Today, all foreign forces left our pure and martyr land, the Taliban said in a tweet in Persian. Special US Representative for Afghan Reconciliation Zalmay Khalilzad said in a tweet, Our war in Afghanistan is over. Our brave Soldiers, Sailors, Marines, and Airmen served with distinction and sacrifice to the very end. They have our enduring gratitude and respect. With the departure of our military those of the many partners who stood with us, Afghans face a moment of decision opportunity. Their countrys future is in their hands. They will choose their path in full sovereignty. This is the chance to bring their war to an end as well, he said. The Taliban now face a test. Can they lead their country to a safe prosperous future where all their citizens, men women, have the chance to reach their potential? Can Afghanistan present the beauty power of its diverse cultures, histories, traditions to the world he said in another tweet.Gen McKenzie said no American civilian was in the last flight. While the military evacuation is complete, the diplomatic mission to ensure additional US citizens and eligible Afghans, who want to leave, continues. Tonights withdrawal signifies both the end of the military component of the evacuation, but also the end of the nearly 20-year mission that began in Afghanistan shortly after September 11, 2001. Its a mission that brought Osama bin Laden to a just end, along with many of his al Qaeda co conspirators, he said. And it was not a cheap mission. The cost was 2,461 US service members and civilians killed and more than 20,000 who were injured. Sadly, that includes 13 service members who were killed last week by an ISIS-K suicide bomber. We honor their sacrifice today as we remember their heroic accomplishments, McKenzie said. President Joe Biden had set a deadline of August 31 for the withdrawal of American troops in Afghanistan. Republican National Committee (RNC) Chairwoman Ronna McDaniel said the failed withdrawal from Afghanistan has left many Americans behind. Joe Biden left Americans behind. His decision to cause this disaster and abandon Americans and our interests proves what we all already knew Joe Biden is incapable of serving as Commander in Chief and the US and the world are less safe because of him, she said. ?As Biden attempts to take a victory lap on his failed Afghanistan withdrawal, Americans remain stranded behind Taliban lines. To the men and women of Americas armed forces and their families, Americans will always honor the sacrifice that you and your loved ones made for our country, McDaniel said in a statement.
Unforeseen expenses can sometimes spring unpleasant surprises. But regular investments and savings could go a long way in providing financial stability. Therefore, it Whether one has just started working or is a mid-career, a sound financial plan is necessary for everyone. First, it Managing funds according to available resources and personal needs are vital. A financial plan is crucial since it helps to: Maintain an optimum balance between income and expenses Manage cash flows and curb any needless expenditure Avert any potential tax liability Choose the best investment and earn the highest possible return Facilitate better wealth management Secure your retired life financially Solidify insurance planning to ensure the needs of dependents are adequately met The modus operandi Before formulating a financial plan, understand your financial situation thoroughly. For this, scrutinize monthly and annual cash inflows and outflows. Ignore one-time emergency expenses and suchlike as these don Focus on regular and essential items such as income, rent, groceries, insurance payments and travel, among others. This will give a good idea of the net disposable income that can be used for investments. Next, evaluate all assets, including any owned land or property as well as gold and existing investments like mutual funds and fixed deposits. To arrive at a more realistic assessment, subtract the value of gold and your residence. With the above done, you are ready to formulate a financial plan. Now take a look at your goals, which must be shortlisted and prioritized. Consider the funds needed to meet their financial component. For instance, you may wish to own a home sometime later. But note that by the time you are in a position to do so, the price may be significantly higher. Thereafter, consider whether you are well covered. Adequate medical insurance coverage is essential for your family and you. In the case of dependents, ensure everyone has the requisite term life insurance coverage. When investing, only do so as per your needs as a one-size-fits-all approach won Match your investments with goals. Risks should be balanced against the reward, rate of return, liquidity and other relevant factors. Monitor and review Once you reach this far, relax since your financial plan is now in place. Of course, the story doesn Meanwhile, always work towards optimal tax savings under the IT laws. Try to invest in assets that offer lower tax rates. However, taxation should never be the primary criteria for selecting an investment. There may be a catch, including higher risks and lower liquidity. Accordingly, read the fine print to maintain a fine balance between risk and reward. Also, track all your assets and consolidate where required. Any savings\/Demat accounts, credit\/debit cards, lockers, etc. no longer used should be closed because specific norms such as minimum balance, auto-renewal and annual fees could lead to unnecessary expenses. Additionally, monitor existing loans and clear them at the earliest. Otherwise, high-interest outgo on loans will negate the returns on your investments. Finally, take stock periodically. Timely reviews of investments will help ascertain if the performance of the financial instruments remains in sync with your long-term objectives. If not, decide whether it is wise to hold on or sell and reinvest in another financial instrument or asset. by, Gaurav Jalan, CEO and Founder \u2013 mPokket
State-owned Bank of Maharashtra (BoM) is well poised to cross Rs 3 lakh crore in total business soon on the back of the improved economic sentiment, a top official has said. The bank has been a performer in various key parameters, including deposit mobilisation, credit growth, recovery, risk management etc, BoM managing director and CEO A S Rajeev told PTI. Despite challenging times, he said, the bank has consistently expanded its balance sheet and reduced non-performing assets (NPAs). Going forward, he said, the bank is well poised to cross the business mix of Rs 3 lakh crore soon as economic activity gathered pace with moderation in COVID-19 cases. The total business (deposits and advances) of BoM increased by 14.17 per cent to Rs 2.85 lakh crore at the end of June 2021. To further mobilise low-cost deposits, Rajeev said the bank has opened a dedicated branch to manage government business. This specialised branch, inaugurated by Minister of State for Finance Bhagwat K Karad on Thursday, will provide better service to the government departments and Central Public Sector Enterprises (CPSEs). Along with MD and CEO, other senior officials of the bank – including general manager Chitra Datar and Deputy General Manager Nayana Sahasrabuddhe – were also present at the inauguration of the new branch. He said expansion in the government business would provide access to low-cost deposits and a reduction in the cost of funds, leading to a lower rate for the borrowers. Rajeev also said that the bank has launched special offers for the retail segment, including housing and auto. The bank has already started a loan outreach programme, and all the field functionaries have been sensitised, he said, adding this should give a good dividend.
By MAJ GEN N K BHATIA The Taliban have finally reached Kabul. Overtly, they appear in complete control of the city and country although pockets of resistance remain in some parts with the banner of revolt being raised in the Panjshir Valley, just 70 kms north of Kabul. The contours of a new dispensation, as yet, are unclear. Although its armed Taliban fighters appear to be manning the check posts in Kabul, pockets of resistance against the new regime and its policies continue to fester, although not overtly. Beyond that the country has been thrown into a turmoil with no clear roadmap. Chaos is omnipresent and all players, political and military, have got down to counting their chips, for bargaining power and stakes, for their future survival and relevance in days ahead. Taking a cue from Afghanistan It thereafter started implementing a severe interpretation of Islamic laws that unfolded the horrors of a primitive mind set and implementation of instant justice without any checks and balances. Banning of all women from all spheres of Afghan polity, public floggings and executions and cutting off of hands for petty crimes revealed horrors of their governance. Then having been left out of a role in governance of Afghanistan, non Pustuns rallied under a United Front led by Ahmad Shah Masud, with most of the groups under the United Front maintaining an independent identity. Various factions and the key leaders who formed the United Front came from diverse grouping composed of religiously persecuted Afghan minorities from Shia sects and ethnic minorities belonging to Tajik, Uzbek and Hazara communities. Some of the prominent leaders under the Front were BurhanuddinRabbani, Muhammad Mohaqiq, Karim Khalili, Abdul Rashid Dostum, Haji Abdul Qadeer, Bismillah Khan Mohammadi, Atta Muhammad Nur, Mohammed Daud, Mohammed Fahim, Muhammad Mohaqiq, Ismail Khan and many more. A good number of leaders to join the Front also came from Pustun outfits whose leaders were not in sync with Taliban ideology, ex-President Karzai, whose father was murdered by Taliban and Abdullah Abdullah being prominent amongst them. Although coming from diverse groupings and ideologies the common factor between all the anti-Taliban groups was to oppose the Taliban and its brand of government being thrust down the throat of Afghans through fear and intimidation.They also considered Taliban as an alien outfit since it was funded by and promoting the interests of Pakistan and was alien to Afghan social order as others whom they had overthrown in a joint effort\/ Having defeated the Taliban in 2001 with active help and support from the USA, Iran, Tajikistan, Uzbekistan and India, most of the leaders of the Northern Alliance meshed themselves into various roles of governance and Afghan nation building. A good number of leaders of erstwhile Alliance such as Abdul Rashid Dostum, flexed their muscles to extract their pound of flesh by bagging lucrative posts in Afghan government for their own benefit and filling their coffers by lucrative contracts. Similarly a few others occupied governor They clashed with one another for dominance and control. It became difficult for both ex-Presidents, Karzai and Ashraf Ghani to control activities of war lords due to intra group clashes, kidnappings, murders and other nuisance forcing them both to dissociate themselves from such factional leaders.A good number of cadres of erstwhile militias were disarmed and amalgamated into Afghan National Army. As a result most militias were forced to disband and influence of war lords dissipated over the years. Notwithstanding, a few like Dostum, Atta Nur and Ismail Khan did maintain their militia cadres. In a move that surprised everyone, Taliban moved swiftly into most areas of Northern and Western Afghanistan including Herat and Mazar-e-Sharif where erstwhile warlords were the first targets of Taliban. They were either captured (like Ismail Khan) and put under house arrest or managed to escape to neighbouring countries (Abdul Rashid Dostum). Others were quick to shift their loyalties and align with Taliban for their survival. With Afghanistan thrown back to a situation similar to 1996, resistance to the Taliban regime by a section opposed to their ideology is natural and expected. In the short term it is bound to be muted due to the fear and reprisal of Taliban but eventually it is bound to escalate against harsh medieval religious practices that would be the hallmark of the new regime. The first salvo of protest against the new regime has been fired by none other than Amrullah Saleh who was the first Vice President in the ousted Ashraf Ghani government. For those unfamiliar with his background, Amrullah Saleh, then in his early twenties, cut his teeth under tutelage of Ahmed Shah Masud as a young resistance leader in the United Front that challenged Taliban. He is not only anti Taliban but has never shied away from calling out Pakistan and ISI as the root cause of troubles in Afghanistan. As erstwhile head of National Department of Security (NDS) he challenged Taliban in their stronghold and took them head on successfully in multiple operations. He is familiar with their modus operandi and strategy and most qualified to lead the battle with Taliban. His escape to Panjshir Valley, a symbol of resistance to Taliban during 1990s, to announce setting up of a Resistance Front against Taliban in close association with Ahmed Masud, the son of legendary Ahmed Shah Masud and former defence minister Bismillah Mohammadi is just the first step in opening a front against Taliban. As things stand today, the Resistance Front may appear shaky and devoid of much military strength. But it is a matter of days before all the erstwhile soldiers of Afghan National Army who escaped and melted away in the hinterland fearing Taliban reprisal, and all others persecuted by Taliban fall back under leadership of Resistance Front to fight Taliban. As on date the Resistance Front may lack a major protagonist like the USA, that had supported the United Front during the first Taliban regime with military and economic assistance, but it would be a matter of time when new contours of alignment of interests begin to emerge for the Resistance Front to shape as a formidable force. Similarly the erstwhile warlords may appear to have switched their alliance to Taliban, but in the long run their survival would depend on rearming themselves and breaking free of Taliban. Switching loyalties in Afghanistan is not uncommon and depends on the premium placed for winning over such loyalties. And most importantly, Tajiks, Uzbeks, Hazaras and Aimeks form a little less than half the population of Afghanistan. Tajiks and Uzbeks dominate Kabul and areas to its North, including Panjshir valley.Tajiks are an educated lot and economically dominant. It is from this community that the Resistance Force would seek to draw its strength for immediate survival. Being opposed to the Taliban that would be natural. The days ahead do not bode well for Afghanistan with the situation simmering. With a Resistance movement underway in the Panjshir Valley it is a matter of time when it spreads to other regions of the country. (The author is an Indian Army Veteran. Views expressed are personal and do not reflect the official position or policy of Financial Express Online.)
By Varun Mohan Numerous pro-investor policies and infrastructural growths are suggestively contributing to the sector Even during the pandemic-induced lockdown in 2020, the commercial realty segment in India remained resilient and picked up the pace of growth till the first quarter of 2021. The preliminary phase of the pandemic weakened the gushes of the stakeholders. Though, with the ease in movement restrictions and economic activities, the sector embarked on a growth trajectory. According to a recent industry report, institutional investments in the Indian real estate sector grew by 21 per cent during the first quarter of 2021. Further, in the next quarter, the uncertainty caused due to the second wave of the pandemic put the sector on a temporary pause. But owing to the growth drivers of the sector, the investors Despite the short-term disruptions caused by the exacerbating impact of the pandemic, the Indian commercial realty segment is poised for a speedy recovery. Several institutional investors will continue to be bullish on commercial assets for resilient and long-term growth. Even during the pandemic, there was a steady flow of $4.8 billion investments in the sector, as per the recent data. The growth in the commercial realty sector is pointed towards the integration of new-age technologies in the real estate sector. The set of technology-driven offerings and services by innovative PropTech platforms disrupts the conventional realty sector. Additionally, the emergence of prop-tech platforms is attracting unprecedented investments from investors looking for safe growth amid the pandemic. Besides, the global business climate, tech-enabled businesses and employment trends also make the office space market move on an upward trajectory. Ownership of a commercial asset contributes to income and wealth generation. Until a few years ago, investing in a premium commercial space was not practical because of its high-ticket price. However, with the introduction of fractional ownership, a wider pool of institutional investors, individual investors, and fractional investors can jointly purchase A-Grade property. Fractional Ownership is picking up the pace in India. It is opening a myriad of avenues for new-age investors to participate in new opportunities at a fraction of the cost. It works as a platform where individuals can get together to purchase a commercial asset, enjoy the yield it generates and finally be able to sell their fraction when they want, thus enjoying capital gains. Hence, the emerging trend of fractional ownership is significantly set to influence the Indian commercial realty segment. Investing in a commercial asset is the choice of experienced investors and has never been a thing of new-age investors. The years of experience and deep knowledge required to identify a profitable commercial asset makes it difficult for many investors to step on A-grade commercial properties. Hence, as a solution to have specialised knowledge, the right connections and access to a huge amount of capital, Fractional Ownership is the inevitable change coming to the commercial real estate market. Further, PropTech platforms offering fractional ownership thoroughly sanitise each asset and use big data analytics, predictive algorithms and conservative financial model to provide a safe investment opportunity to fractional owners. As a result, commercial investors enjoy the opportunity of minimised risk with optimised returns from regular rental yield and capital appreciation. Investors in commercial realty strive for more opportunities that help them in creating wealth. This comes with the diversification of investments that also balances risks and rewards in their investments. With the integration of technology, prop-tech plays a crucial role in diversifying investors This helps investors in getting access to transparent reporting with a dedicated focus on maximising their returns. Further, investors looking for a safe investment opportunity are capitalizing on real-time asset performance, payouts and financial models that work in the favour of investors. Though there are endless ways to create income, owning a property will always be considered a long-term investment option. Considering the pace of digital adoption, PropTech is going to play an impressive role in revamping the conventional Indian commercial realty segment. It is projected to focus on fractional ownership to provide profitable investment opportunities to new-age investors.
ITC Ltd. Through the new campaign, the brand wants to highlight the presence of glucose in Sunfeast Bounce cr While the TVC is on air across leading channels in Hindi, the campaign will also be supported by a host of digital activations and BTL activities across core target markets. Additionally, the brand will especially focus on four regional markets including Uttar Pradesh, Maharashtra, Bihar, and Orissa. The TVCs show a mother who asks Her question draws everyone The film ends with the protagonist Moreover, recent consumer immersions have shown that mothers are looking forward to products that come with added goodness, he noted. Sunfeast Bounce is known for delighting its core TG, children with delightful range of cr Encouraging consumer response has enabled the brand to become the market leader in the cr With this campaign we look forward to empower consumers by providing something more meaningful, especially to the mothers, Read Also: iQOO celebrates the indomitable spirit of para athletes Follow us onTwitter,Instagram,LinkedIn,Facebook
State-owned NMDC on Tuesday said its iron ore production surged over 44 per cent to 15.02 million tonnes (MT) in April-August 2021. The companys iron ore output was 10.42 MT in the same period last fiscal, NMDC said in a regulatory filing. In August 2021, the company said, its iron ore production rose to 3.06 MT from 1.62 MT a year ago. Its total sales of iron ore during April-August 2021-22 also jumped to 15.67 MT, as against 10.80 MT in the corresponding period last year. The company sold 2.91 MT iron ore in August, compared to 1.79 MT in the year-ago period. Hyderabad-headquartered NMDC, under the Ministry of Steel, is the countrys largest iron ore mining company. It is also involved in the exploration of a wide range of minerals like copper, rock phosphate, limestone, dolomite and gypsum.