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Faced with a surge of steel imports, particularly from China, India is set to impose a 15% safeguard duty to protect its domestic steel industry. This move aims to counter price undercutting, safeguard jobs, and ensure market stability. The duty, recommended by the DGTR, will apply to select steel products and is seen as a crucial step in maintaining India's strategic industrial capabilities amidst evolving global trade dynamics.

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PMEGP scheme is a credit linked subsidy programme that gives subsidies to entrepreneurs seeking to set up new businesses. The scheme allows individual applicants above 18 years of age to set up small businesses by inviting project proposals via the PMEGP portal.

Last updated on: Mar 25, 2026
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