4 July 2008: But specious arguments intervene against banning or curbing ore exports. One is that only "fines" are sent out because domestic consumption is low, which is no longer true. Two, reserves are inflated. Three, exports are pitched as not contributing to steel inflation, which is false. Steel-makers without captive mines have to buy ore at internationally competitive prices, because both mining PSUs and private players have pegged it so. But more than any present impact on inflation, depletion of ore would be disastrous. Trouble is that the Planning Commission, that hews so much to the PM's view, a committee in it called the Anwarul Hoda committee, has championed the cause of iron ore exporters and called for diluting environmental norms for mining in environmentally sensitive areas.