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India proposes benchmarking domestic iron ore price to S&P Platts index

Economic Times

Economic Times · 2m ago

India proposes benchmarking domestic iron ore price to S&P Platts index

India plans to benchmark domestic iron ore pricing to indexes like S&P Global Platts to ensure transparency and accuracy. Currently, prices are based on mining companies' self-declarations, which can lead to understated revenues and lower royalty payments to states. The new proposal aims to standardize pricing across states and ensure accurate revenue calculation. This change will impact the royalty and funds allocated for developing mining-affected areas, potentially increasing state revenue from iron ore sales.

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Economic Times

Economic Times · 2d ago

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Livemint

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Money Control

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