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Mining Is A Long-Term Problem: Montek Singh

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August 12: Despite government measures, brands like ArcelorMittal and Posco have pulled out of India. Montek Singh Ahluwalia, Deputy Chairman at the Planning Commission, says that the government’s hands are tied in making mining easier. “Mining companies are facing balance-sheet worries as lenders are more wary,” he says, adding that recovery will be tough.