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Monday, November 10, 2008

Govt imposes 8% tax on iron-ore exports

The government has imposed an 8% tax on exports of iron ore fines, removing a flat tax of Rs200 a metric ton, according to the reports.

Out of every 100 tons of iron ore produced in India, 60 tons are fines and the rest are lumps.

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GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jul 03
12:00 Consumer Price Index (MoM) 2 0.2% 0.0% 0.1%
12:00 Consumer Price Index (YoY) 3 0.1% -0.1% -0.1%
14:00 S&P Global Composite PMI 1 52.0 50.7 50.7
14:00 S&P Global Services PMI 1 52.8 51.3 51.3
14:00 BoE Credit Conditions Survey 1
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18:00 Average Hourly Earnings (YoY) 3 3.9% 3.9%
18:00 Average Hourly Earnings (MoM) 3 0.3% 0.4%
18:00 U6 Underemployment Rate 2 7.8%
18:00 Unemployment Rate 2 4.3% 4.2%
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