We in Karnataka know very well how our feudal Reddy brothers control the mining mafia and the transport mafia as well. Our miners prefer to travel by helicopters. They have no concern for common people. Given their choice, they would want to completely shut down Shirady Ghat for passenger traffic and make us sheep and goats obey the instructions of the bus lobby and be conciled with using Sampaje and Charmady ghat for traveling from Bangalore to Mangalore.
But i think there is some light at the end of the tunnel. Recently, i saw a newsitem at http://moneycontrol.com
One of the well know analyst / brokerage houses opined that "The government is adopting several measures to control or ban iron ore exports from India. The government has recently introduced ad valorem duty of 15% on iron ore exports,..."
That is indeed a bold step, if ever initiated. India has abundant iron ore resources and if diverted to our steel industry, it will immediately bring down prices. Provided, ban of export of steel is also in place. If there is a ban on export of construction materials such as cement, steel and other natural resources, we will immediately see a large dip in inflation.
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long overdue
Iron Ore Export duty may go up: Ram Vilas Paswan
http://www.thehindubusine...
My comments: If the GoI is really serious about controlling inflation, then it would outright ban the export of Iron Ore, precious minerals, steel and cement. This would bring down inflation by atleast 300 basis points.
But the best thing can occur if iron ore export is banned is removing the fangs of the mining mafia in Karnataka.