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The Ministry of Steel has decided to suspend Quality Control Orders (QCOs) pertaining to 55 steel products to address raw material constraints faced by consumer industries such as automobiles and MSMEs, taking the total number of such orders put in abeyance based on high level reform panel’s recommendation to 76.
The panel on non-financial regulatory reforms headed by NITI Aayog member Rajiv Gauba, had proposed the revocation, suspension, and deferment of QCOs for more than 200 products, citing concerns that they had increased compliance burden and disrupted supply chains, and were hurting India’s manufacturing competitiveness. Its
