Digging Its Own Problems
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22/09/2008
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Business World (Kolkata)
The mining industry is going through a turbulent phase.
The ministry of mines and the ministry of steel are at loggerheads over a proposal to hike export duty on iron ore from 15 per cent to 20 per cent. The 15-per cent duty itself was imposed just this June as part of the fiscal package to restrict the export of iron ore and ease domestic prices.
With more than 50 per cent of India