SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

DPIIT comes out with quality control norms for certain steel items, cables

23 Jan 2020 Evaluate

The Department for Promotion of Industry and Internal Trade (DPIIT) has come out with quality control norms for certain steel items and cables. A move which will help in containing import and production of sub-standard products in the country.  According to the two separate orders, these products shall have to conform to the specified standards and bear the standard mark under a licence from the Bureau of Indian Standards (BIS). The notified items cannot be produced, sold/traded, imported and stocked unless they bear BIS mark. 

The goods comprised steel tubes, tubulars and other wrought steel fitting; steel tubes for structural purposes and water wells. The other items include heavy duty electric cables, aerial bunched cables, elastomer insulated cables, welding cables, shot firing cables, and halogen-free flame retardant cables. Both the orders will come into force with effect from August 1, 2020. As per to the orders, the BIS shall be the certifying and enforcing authority for the goods. However, these orders -- Steel Tubes (Quality Control) Order, 2020; and Cables (Quality Control) Order, 2020 -- shall not apply to goods or articles meant for export purposes.

The move assume importance as the government is working to formulate technical regulations, which include safety and quality standards, for over 350 products with a view to cut imports of those non-essential items. The issue was widely discussed during an inter-ministerial meeting in December 2019. The DPIIT, Department of Telecommunication, Department of Chemicals, IT and electronics ministry and steel ministry was consulted for imposition of import regulations. The target is to formulate these regulations for about 5,000 products but the current focus is on 371 items which accounts for $127 billion worth of imports.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: