If positive growth is limited only to US, it could be more bad news for us

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SummaryThe finance minister has cautioned against being too pessimistic on the current economic scenario of the country.

miners’ lobby and their associates to relax export curbs on iron ore is another temporary reprieve suggested with adverse long term implication of depletion of irreplaceable natural resources. We should learn from the Chinese treatment of its natural resources which has nearly eliminated exports of precious mineral reserve.

The utilization of fines through beneficiation and pelletisation (agglomeration) plants set up with considerable investment by the major steel producers, albeit much delayed, must be rewarded.

The author is DG, Institute of Steel Growth and Development. The views expressed are personal

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