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Iron Ore Policy
January 21 , 2021
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- The Ministry of Railways recently approved a new Iron Ore Policy.
- The policy is to come into effect on February 10, 2021.
- The Iron Ore Policy governs the allocation of rakes and transportation of iron-ore.
- The policy will provide high priority to the movement of iron-ore for domestic manufacturing activity.
- Iron ore is the second most important stream of traffic of Indian Railways.
- Iron ore and steel together account for more than 17% of total freight loading of Indian Railways.
- The principal states producing iron ore in India are Chhattisgarh, Karnataka, Madhya Pradesh, Odisha, Jharkhand, Maharashtra, Goa, Kerala, Tamil Nadu and Rajasthan.
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