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

The Indian government is 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 is 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 putting the finishing touches to the Union Budget, which would be placed before the Indian Parliament later this month, a Ministry official said.