Delhi set to auction scrap online -Governance Now

Delhi set to auction scrap online

Central govt body Metal and Scrap Trading Corporation Ltd. will auction scrap from govt offices

Jasleen Kaur | May 10, 2010

The surplus or unserviceable articles of the various departments of the Delhi government will now be disposed of through e-auction. Delhi government decided this on Monday in a cabinet meeting presided over by chief minister Sheila Dikshit.

After the meeting, Dikshit told journalists that the various departments of the state government were facing difficulties in disposal of their surplus or unserviceable articles. In order to establish a centralized mechanism to dispose of such material, Metal and Scrap trading Corporation Ltd. (MSTC Ltd.) a government of India enterprise, has been engaged.

Dikshit said that MSTC would try its best to get the best prices for disposing the scrap material lying in different departments. The MSTC Ltd. will charge a service fee @2.75% for disposing the material. In case the amount exceeds Rs.80 crore in a financial year the service charges will be reduced to 2.50%.

A lot of government office space has been used up by scrap and other disused material. Isolated cases of disposal by different departments was not fetching good price. Dikshit said that new mechanism would help in disposal of such items in a systematic, fast and transparent manner.

Comments

Other News

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday. CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

From one cow to a dairy business

In 2012, Anita Dash wasn`t dreaming of building a dairy brand. She wasn`t studying business models or planning market expansion. Like countless mothers across India, her focus was on something much simpler: giving her children a better future. At the time, her most valuable

Ethanol blending: The two sides of a story

India`s crude oil consumption is estimated to be around 88.5% imported from abroad. This one single figure is also responsible for why ethanol has become both an economic strategy and fuel policy at the same time. In an economy like India, which depends so heavily on foreign oil, any increase in internat

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.