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Monday, March 8, 2010

Govt says no plans to ban iron ore exports for now

The government has no plans to ban exports of iron ore, Junior Trade Minister Jyotiraditya Scindia told parliament on Monday.

"There is no proposal under consideration at present to ban exports of iron ore," he said in a written reply.

India, the world's third largest exporter, shipped 105.9 million tonnes in 2008/09 compared to 104.3 million tonnes in the previous year.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jul 17
18:00 Initial Jobless Claims 2 221K 235K 228K Revised from 227K
18:00 Retail Sales (MoM) 3 0.6% 0.1% -0.9%
18:00 Retail Sales Control Group 3 0.5% 0.2% Revised from 0.4%
18:00 Retail Sales ex Autos (MoM) 2 0.5% 0.3% -0.3%
18:00 Retail Sales (YoY) 1 3.9% 3.3%
19:30 Fed's Kugler speech 2
19:30 Business Inventories 1 0% 0%
19:30 NAHB Housing Market Index 1 33 32
20:00 EIA Natural Gas Storage Change 1 44B 53B
21:00 4-Week Bill Auction 1 4.235%
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