Government notifies Steel Scrap Recycling Policy: Dharmendra Pradhan

By: |
Published: November 18, 2019 3:12:18 PM

Pradhan said the policy prescribes guidelines for setting up and responsibilities of dismantling centre and scrap processing centre, roles of aggregators and responsibilities of the government, manufacturer and owner.

Dharmendra Pradhan, Steel Scrap Recycling Policy, Union Steel and Petroleum Minister, metal scrapping centers in IndiaThe minister said the government has not fixed any incentive on sale of scrap. (LSTV/PTI Photo)

The government has notified a Steel Scrap Recycling Policy (SSRP) to provide for a framework to facilitate and promote establishment of metal scrapping centers in India for scientific processing and recycling. Union Steel and Petroleum Minister Dharmendra Pradhan said in Lok Sabha that the policy framework provides standard guidelines for collection, dismantling and shredding activities in an organised, safe and environmentally sound manner.

“The Steel Scrap Recycling Policy has been notified in the Gazette of India vide No. 354 dated November 7, 2019. The policy provides a framework to facilitate and promote establishment of metal scrapping centers in India for scientific processing and recycling of ferrous scrap generated from various sources and a variety of products,” he said during Question Hour.

Also read: RBI’s Shaktikanta Das faces an increasingly tough balancing act as economy loses steam

Pradhan said the policy prescribes guidelines for setting up and responsibilities of dismantling centre and scrap processing centre, roles of aggregators and responsibilities of the government, manufacturer and owner. “The Steel Scrap Recycling Policy does not envisage setting up of scrap centres in the country by the government. The role of government is to provide a framework to facilitate and promote establishment of metal scrapping centres in the country,” he said.

The minister said the government has not fixed any incentive on sale of scrap. This will be governed by guidelines and market conditions prevailing at the time of sale of scrap. The other ministries involved in sanctioning of scrap centres are Ministry of Road Transport and Highways and Ministry of Environment, Forest and Climate Change, he said. Replying to a separate question, Union Tourism Minister Prahlad Singh Patel said the Ministry of Tourism is developing thematic circuits in the country under its scheme of ‘Swadesh Darshan’ in a planned and prioritised manner.

The projects for development under the scheme are identified in consultation with state governments or Union Territory Administrations or central agencies and are sanctioned subject to availability of funds, submission of suitable detailed project reports, their adherence to relevant scheme guidelines and utilisation of funds released earlier, he said.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1Closing down sick PSUs: Only these 2 tiny firms shut down in 3 years, out of 20 identified
2RCEP remains distant dream; India’s return to this free trade agreement not imminent
3Winter session: IBC, BRA Bills top economic agenda