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Mining royalty rate hike sought

Mining royalty rate hike sought
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Orissa Chief Minister, Naveen Patnaik sought a level playing field by urging the centre for an upward revision of mining royalty rates and a ban on ore exports.

He also demanded that there should be a mineral resource rent tax to be charged at 50 per cent of the surplus rent. He also proposed that as a national policy, export of ore should be banned.

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