New Delhi, Dec. 25: The government has increased the export duty on iron ore fines and lumps by 5 per cent each, a finance ministry notification said. Industry said the decision would adversely affect the mining sector. “This decision has come at a wrong time when the exports were picking up and showing signs of recovery,” R.K. Sharma, secretary-general of the Federation of Indian Minerals Industries, said. He said this would have a cascading effect on the steel industry, and the finance ministry should have allowed the steel industry to recover from the economic meltdown.
SEZ hurdle
New Delhi, Dec. 25: The government has refused to extend in-principle approvals to as many as 11 SEZ projects, including Mukesh Ambani-promoted Reliance Haryana SEZ, Posco India and Indiabulls Infrastructure, stating that the rules do not allow giving them more time for implementation.
Gems exports
New Delhi, Dec. 25: Gems and jewellery exports grew about 55 per cent to $2.1 billion in November compared with the same period last year.
Source : telegraphindia.com