Key insights
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1
Policy Reversal
The new policy reverses a decade-long ban on iron ore exports.
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2
Revenue Generation
The policy is expected to generate significant revenue for the state.
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3
Legal Context
The Supreme Court's ruling in 2022 enabled this policy change.
Takeaways
The approval of the Karnataka Non-major Ports Iron Ore Handling Policy marks a significant shift in the state's approach to iron ore exports, aiming to regulate the industry and enhance revenue while addressing past illegal activities.