India unlikely to grant demand for lower iron-ore export tax

February 9, 2016

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The Indian government was unlikely to slash the export tax on high-grade iron-ore although it might prune the rate for low-grade ore, even as miners’ step up accusations that the government was killing the mining industry.

The Steel and Mines Ministry was not keen to submit any proposal for a reduction of the export duty on high-grade ore to the Finance Ministry, which was currently giving the finishing touches to the Union Budget, which would be placed before the Indian Parliament later this month, a Ministry official said.

Category: General