India’s Supreme Court has reserved its judgment on an application by iron ore manufacturers, seeking direction to lift the ban on export of iron ore in Karnataka. A bench of the Chief Justice of India NV Ramana, Justice Krishna Murari and Justice Hima Kohli said that we'll first deal with the issue of export and E-auction of the iron ore, whereas deal with the issue of cap on the iron ore manufacturing at a later stage. The bench has reserved it order in the matter while asking the Government to clarify its stand in a clear “Yes” or “No”. Ministry of Steel's affidavit has supported the lifting of ban on iron ore export from Karnataka. The affidavit stated that there must be equality among Karnataka and other States, the policy allows export of Iron ore to all the States and it must be followed. Advocate Prashant Bhushan appearing for the petitioners submitted that the Ministry of Steel is saying that we need to increase the production of steel for which they would require more iron ore. It doesn't say that the export needs to be done. However, Senior Advocate Dushyant Dave appearing for the mines stated "Should all these measures be continued when all the other States has no bar on export of iron Ore? I don't think that Mr Bhushan should come in the way of the development of the country, we have the right of business. Your Lordships should accept the recommendation of Central Empowered Committee appointed by Supreme Court over the issue." Senior Advocate Kapil Sibal appearing for the association of steel manufacturers in India opposing the lifting of the ban submitted that these applications are here because they'll make huge profits from the exports. Ultimately this iron ore will go to China for their steel. They keep on saying that the price in Orissa is much more than Karnataka. He said "Even the ministry's affidavit says that the iron ore production needs to increase for the production of steel in our country. If you'll allow the export what would happen. Because of the international price all of the iron ore will be exported there would be serious repercussion.”
India’s Supreme Court has reserved its judgment on an application by iron ore manufacturers, seeking direction to lift the ban on export of iron ore in Karnataka. A bench of the Chief Justice of India NV Ramana, Justice Krishna Murari and Justice Hima Kohli said that we'll first deal with the issue of export and E-auction of the iron ore, whereas deal with the issue of cap on the iron ore manufacturing at a later stage. The bench has reserved it order in the matter while asking the Government to clarify its stand in a clear “Yes” or “No”. Ministry of Steel's affidavit has supported the lifting of ban on iron ore export from Karnataka. The affidavit stated that there must be equality among Karnataka and other States, the policy allows export of Iron ore to all the States and it must be followed. Advocate Prashant Bhushan appearing for the petitioners submitted that the Ministry of Steel is saying that we need to increase the production of steel for which they would require more iron ore. It doesn't say that the export needs to be done. However, Senior Advocate Dushyant Dave appearing for the mines stated "Should all these measures be continued when all the other States has no bar on export of iron Ore? I don't think that Mr Bhushan should come in the way of the development of the country, we have the right of business. Your Lordships should accept the recommendation of Central Empowered Committee appointed by Supreme Court over the issue." Senior Advocate Kapil Sibal appearing for the association of steel manufacturers in India opposing the lifting of the ban submitted that these applications are here because they'll make huge profits from the exports. Ultimately this iron ore will go to China for their steel. They keep on saying that the price in Orissa is much more than Karnataka. He said "Even the ministry's affidavit says that the iron ore production needs to increase for the production of steel in our country. If you'll allow the export what would happen. Because of the international price all of the iron ore will be exported there would be serious repercussion.”
