A new scheme, Prime Minister's Development Initiative for North-East, PM-DevINE was announced by the Union Minister for Finance Nirmala Sitharaman while presenting the Union Budget 2022-23.
India is the second-largest steel-producing nation, as it manufactured 100.3 MT steel in 2020 and China produced 1 064.7 MT of steel in the same year. China recorded a 3 per cent decline to 1 032.8 MT in 2021.