Consider the following statements with reference to India's steel sector policy framework: Statement-I: The Government of India has articulated a long-term objective of attaining an annual steel production level of about 300 million tonnes by 2030-31, in line with projected domestic demand and infrastructure expansion. Statement-II: The National Steel Policy, 2017 envisages the creation of 300 million tonnes of crude steel-making capacity by 2030-31, which serves as a strategic benchmark for future production targets. Which one of the following is correct with respect to the above statements?

In which year was the second Industrial Policy Resolution (IPR) adopted in independent India?

Arrange the following milestones related to India's industrial policy and public enterprise evolution in chronological order. I. The initiation of economic reforms shifting the emphasis from expansion to efficiency and restructuring. II. The emergence of significant operational problems such as inefficiency, overstaffing, and financial losses. III. The Industrial Policy Resolution recognizing the initial need for state participation in key sectors. IV. The Industrial Policy Resolution assigning a dominant role to the public sector in the commanding heights of the economy.