Budget 2020 dashes hopes of mining sector with no reforms or duty cuts

India's low grade bauxite have become unviable for the producers in international trade

The Budget for 2020-21 has dealt a body blow to the expectations of the mining sector. The sector is almost untouched with no reforms or duty cuts announced.

“The Budget has failed to provide any relief to the mining sector. None of our concerns raised in the run up to the Budget have been addressed”, said RK Sharma, secretary general at Federation of Indian Mineral Industries (Fimi).

Ahead of the Budget for 2020-21, Fimi had sought waiver of the steep duty of 30 per cent on exports of baser grade iron ore up to 62 per cent Fe. In its