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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, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
06:30 Consumer Inflation Expectations 2 4.2% 3.6%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 2 223K 219K
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Consumer Price Index ex Food & Energy (YoY) 3 3.0% 3.1%
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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