Business Daily from THE HINDU group of publications
Wednesday, Aug 23, 2006
Business Daily from THE HINDU group of publications Wednesday, Aug 23, 2006 |
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Industry & Economy - Mining & Quarrying CPI(M) demands ban on iron ore exports Our Bureau
PRO-EMPLOYMENT: The CPI(M) leader, Mr Sitaram Yechury, and Vice-Chairman & MD, JSW Steel Ltd, Mr Sajjan Jindal, at a meeting in the Capital on Tuesday. — Kamal Narang
New Delhi , Aug. 22 The CPI(M) on Tuesday demanded ban on iron ore exports and said that value addition for non-renewable mineral products should be done within the country. The CPI(M) Politburo Member and member of Rajya Sabha, Mr Sitaram Yechury, said that the Government should impose a ban on the exports of mineral resources in order to generate employment. "This is needed to generate employment, proper attention must be given on increasing domestic demands as it would increase consumption rate, which ultimately enhance the employment rate," he said while releasing a study on Relationship between GDP and Employment brought out by Associated Chamber of Commerce and Industries (Assocham) here on Tuesday. He said that the National Mineral Policy should set up a National mineral authority and zonal authorities. "Like we have in the Railways. There is the Indian railways and also Eastern Railways, Western Railways and so on," he said. He said that the need is for specific focus on region-wise reserves and to stop the export of mineral resources, so that it could be utilised within the country. Speaking on the labour reforms, he said that his party has supported some reforms in the existing labour policy such as opposing hire and fire policy but the UPA Government is yet to unveil its mind as to what labour reforms they would want to usher into. He said that the country needs larger quantum of public investments in order to make strong infrastructure that would generate employment.
More Stories on : Politics | Mining & Quarrying | Steel
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