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Consumers
are the feeling the heat of rising steel and cement prices.
Cartelisation is blamed for the steep hike in the prices
of cement and steel. The issue had its echo in Parliament,
with senior ministers warning the manufacturers not to resort
to unfair trade practices. The Union Finance Minister Chidambaram
has said cement producers are acting
like a cartel. |
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Steel prices
slashed
Bowing to government's pressure,
steel companies have reduced the prices of all primary products
with immediate
effect. |
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Realty
players cry foul
Accusing the cement and steel
companies of 'cartelisation', real estate players said construction
costs have gone up by Rs
225 per sq ft. |
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Ministers
differ
Measures to rein in steel prices
have not taken place due to sharp differences between ministers
and
bureaucrats. |
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'No
sign of cartelisation'
One to the rescue of steel players!
Market forces determine the steel prices and not cartelisation,
says the Union Minister of State for Steel, Jitin
Prasada. |
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