Indian Metal & Energy Industry News & Updates - June 2025
Tata Steel gets show cause notice over input tax credit of Rs 1,000 cr availed during FY19-23
Tata Steel in tax trouble? GST authorities issue Rs 1,007 crore show cause notice
The Financial Express
Steel as the backbone of a rising India
A new Bharat is rising and at the very foundation of this rise stands steel. Whether it is highways or homes, renewable energy parks or high-speed rail corridors, smart cities or defence manufacturing hubs India’s decade-long infrastructure revolution has depended deeply on a sector that once stood stagnant but is now forging ahead with confidence and capacity.
Credit growth influenced by economic activity rather than surplus liquidity
This trend suggested that the real demand for credit, which is closely linked to economic activity, is a more important driver than the availability or cost of funds. "Slower economic activity triggers action by the central bank to increase the liquidity surplus as a counter-cyclical measure," the report said. However, despite such efforts, overall credit (excluding unsecured personal and consumer durable loans) as a share of GDP has declined during past episodes of high liquidity surplus.
Weekly Review: Gold prices fall as investors turn away from safe-haven assets
Chennai: Gold prices have recently declined, marking their second consecutive weekly loss, as global investors increasingly shift focus away from traditional safe-haven assets. The weakening demand for gold comes amid a broader surge in risk appetite, buoyed by rising equity markets, easing geopolitical tensions, and firming expectations of a stable macroeconomic environment.
New and Renewable energy ministry issues revised guidelines for Waste-to-energy projects
New Delhi: The Ministry of New and Renewable Energy (MNRE) has issued revised guidelines for the Waste-to-Energy (WtE) Programme under the National Bioenergy Programme, the Ministry said in a release.
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