New Delhi, Oct. 4: Concerned over severe shortage of iron ore after the ban on mining in Karnataka, steel minister Beni Prasad Verma today said the finance ministry should immediately increase the export duty on the raw material to 30 per cent. “If exports stop, the problem of iron ore shortage in Karnataka and other states will get solved by and large,” he said.
Mumbai, Oct. 4: India Inc raised over $3.7 billion from overseas markets in August through external commercial borrowings (ECBs) and foreign currency convertible bonds.
New Delhi, Oct. 4: India will have the first right to buy stake in Belarus government-owned Belaruskali, one of the world’s biggest producers and suppliers of potash.
Jakarta, Oct. 4: National Aluminium Company Ltd (Nalco) has signed an agreement to set up a half-a-million-tonne per annum aluminium smelter and a 1,250MW coal-based power plant in Indonesia’s East Kalimantan province at an investment of $4.5 billion.
New Delhi, Oct. 4: A proposal for financial restructuring of Air India will come up for discussion at a meeting of a group of ministers next week. The national carrier is also likely to seek the government’s nod for fleet expansion plan till 2020.
