Bhubaneswar: In a letter to PM Mr. Manmohan Singh, CM of mineral-rich state, Odisha, Mr. Naveen Patnaik has repeated his request to ban the export of mineral ore, seeking the intervention of the on this matter.
Besides this, Mr. Patnaik has yet again demanded the imposition of a Mineral Resource Rent Tax on iron ore to be charged at 50 per cent of the surplus rent on account of the super normal profits being made by private mine owners without any further delay.
Earlier Mr. Patnaik had urged the Prime Minister to announce a ban on iron ore exports and had also raised this demand at the meeting of the National Development Council (NDC) held on October 22 at New Delhi.
Adding more he said, the ban on iron ore exports is necessary as the demand for steel and its production in the country are both expected to grow at an annual rate of 10 percent per annum in coming years.
Moreover a long-term strategy should have been made for conservation of the finite iron ore resources to meet the future requirements of the country.
“I understand that the Economic Advisory Council (EAC) has been asked to examine the issue. I do hope that the (EAC) has completed the exercise and given its views to your office,” Mr. Patnaik told Prime Minister Mr. Manmohan Singh in a letter.
Mr. Patnaik told the Centre that the State Government is ready to provide further information on this issue if needed.