With reference to the steel industry in India in the recent times, consider the following statements: 1. Vizag Steel Plant (RINL) has been declared Mini Ratna. 2. Merger of IISCO with SAIL has been completed. Which of the statements given above is/are cor

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Q: 30 (IAS/2007)
With reference to the steel industry in India in the recent times, consider the following statements:
1. Vizag Steel Plant (RINL) has been declared Mini Ratna.
2. Merger of IISCO with SAIL has been completed.
Which of the statements given above is/are correct?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,55,50,23,20,55,7

keywords: 

{'vizag steel plant': [0, 0, 1, 0], 'steel industry': [3, 0, 1, 1], 'merger': [1, 0, 2, 4], 'rinl': [0, 0, 1, 0], 'mini ratna': [0, 0, 1, 0], 'iisco': [0, 0, 1, 0]}

Explanation: The two statements regarding the steel industry in India are both correct.

1. Vizag Steel Plant(RINL): According to the Department of Public Enterprises, the Vizag Steel Plant or Rashtriya Ispat Nigam Limited (RINL), has indeed been given the status of a Mini Ratna company, which means that it has certain financial and operational autonomy.

2. Merger of IISCO with SAIL: The Iron and Steel Company of India (IISCO), based in Burnpur, West Bengal, was indeed merged with the Steel Authority of India Ltd (SAIL), a major state-owned steel-making company headquartered in New Delhi. This significant merger was completed to boost India`s steel production capacity.

Therefore, option three is correct and both 1 and 2 are accurate statements.