SAIL Current Affairs - 2020

Vivad Se Vishwas Scheme: Rs 888.09 crores saved by NMDC under the scheme

On April 1, 2020, the National Mineral Development Corporation operating under the Government of India announced that it has saved Rs 888.09 crores by adopting Vivad Se Vishwas Scheme.

Highlights

The Vivad Se Vishwas scheme was announced by the Finance Minister Nirmala Sitaraman during the Union Budget 2020-21. The scheme was introduced to generate timely revenue for the GoI, reducing pending tax litigations and help tax payers end their tax disputes. Using this scheme, NMDC has settled a dispute of Rs 1868 crores for Rs 980 crore. Also, SAIL has settled a dispute of Rs 266 crores for 186 crores.

NMDC

The National Mineral Development Corporation, a state controlled mineral producer is involved in exploration of graphite, iron ore, limestone, dolomite, rock phosphate, copper, gypsum, tungsten, etc. It is the largest iron ore producer in India. It produces more than 35 million tonnes of iron ore. The Diamond mining project operating in Panna, Madhya Pradesh is also being by NMDC.

SAIL launches Smart Garbage Bins

Steel Authority of India Ltd (SAIL) has launched smart garbage bins made of stainless steel which integrates technology for smart waste management.

Smart Garbage Bins

  • The Smart Garbage Bins will send signals to the garbage collection vehicle about the ‘fill-up’ position of the bin. This provides for better cleaning and lower human intervention.
  • These Smart Garbage Bins made up of SAIL SALEM stainless steel will be installed in underground Reinforced Cement Concrete (RCC) pits at the Smart Garbage Station. This will help prevent the spread of stink and diseases.
  • There will be separate bins for recyclable and non-recyclable wastes. The pits will be covered with a pit cover fabricated out of stainless steel slip-free sheets. Suitable openings on the pit cover will be provided to allow the sanitation crew to dump the collected garbage into the stainless steel bins placed underground.
  • IOT (Internet of Things) enabled Gazelle sensors on the pit cover will transmit signals to the collection vehicle about the “fill-up” position.
  • Compactor will lift the stainless steel bins from the underground pits and empty the garbage into the compactor vehicle.

Initially, these Smart Garbage Bins will be placed at one each at Kamala Nagar in North and BhikajiCama Place in South Delhi. SAIL is looking for other municipalities as well as metro cities to take this initiative further. SAIL is looking to take up production of stainless steel garbage bins on a commercial scale depending upon the response.