banner-1 Hon. Minister of Steel Sh. Narendra Singh Tomar
माननीय इस्पात मंत्री, श्री नरेंद्र सिंह तोमर
banner-1 Hon. Prime Minister of India
भारत के माननीय प्रधानमंत्री जी
banner-1 Hon. Minister of State for Steel Sh. Vishnu Deo Sai
माननीय राज्य इस्पात मंत्री, श्री विष्णु देव साई

About ERU

ECONOMIC RESEARCH UNIT

  • Formed in 1983 following the recommendation of the BICP
  • Headed by the Chief Economist under the overall supervision of Chairman, Joint Plant Committee (JPC).
  • The Unit reports to the Ministry of Steel. It receives all the work assignments from the Ministry of Steel and deliverseverything to the Ministry only.
  • The Unit maintains lateral co-ordination with the ofiice of the Joint Plant Committee.

           Role After 1991 Deregulation

  • Appraisal of steel industry investment proposals linked to PIB/SDF. Continued till about five years ago.
  • Market studies and long term demand forecast for steel.
  • Policy studies on trade, including WTO and bilateral subjects, and fiscal issues.
  • Analysis of FTAs and PTAs.
  • Extensive contribution to the work of the Working Groups for Five Year plans.
  • SSIC Rebates Studies
  • Submission of proposals for Union Budget and analysis of impact of the budget.
  • Inputs for answering parliament questions and work related to Parliamentary Committees.
  • Status reports on various segments of the steel industry.
  • Became a repository of information of steel market and all segments of steel industry.