- Coking coal is a key steelmaking raw material; also called Metallurgical coal, and for this many domestic entities are dependent on imports from selective groups of nations.
- India’s 85% of coking coal demand is fulfilled through import.
- Therefore the cooperation of India and Russia will help India to reduce this dependency on imports from other nations.
- The MoU will also benefit India to reduce the per-tonne cost of steel production.
- The MoU agreement was signed between the Ministry of Steel of India and the Ministry of Energy of Russia.
- Thus the MoU will reduce the input cost and cost of steel and will promote equity and inclusiveness.
- Static Part:
- Capital of Russia: Moscow
- Currency of Russia: Russian Ruble
Question:
Q.1 Union Cabinet approved MoU of India and ___ to enhance cooperation on coking coal?
a. Japan
b. Malaysia
c. Russia
d. Sri Lanka
a. Japan
b. Malaysia
c. Russia
d. Sri Lanka
