Business Daily from THE HINDU group of publications
Friday, Sep 08, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Commodity Exchanges
Info-Tech - E-Commerce & E-Business
States - Tamil Nadu
`Ban online trading of essential items'

Our Bureau

Madurai, Sept. 7

The Tamilnadu Chamber of Commerce and Industry has called for a ban on online trading of all essential commodities. In a statement here, the Chamber President, Mr S. Rethinavelu, said since the withdrawal of stock holding limits and licensing requirements under the Essential Commodities Act in 2002, the items have been transported and sold without any constraints all over the country.

Now the Union Government has empowered the States to clamp restrictions on wheat and pulses in view of the escalating prices. Though floods in the northern states might be one of the reasons for this move, the main cause for price escalation, is the speculative online trading of these commodities all over the country. He appealed to the Tamil Nadu Chief Minister not to reimpose licensing requirement or stock holding limit restrictions on wheat and pulses as the State depends entirely on northern States for the supply of these items.

More Stories on : Commodity Exchanges | E-Commerce & E-Business | Industry Associations | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Crisil launches agri risk monitor


`Ban online trading of essential items'
Wheat signals
Air circulation over TN signals rains
Spot rubber slips below Rs 85/kg
PMCI platinum hunt back on rails
Spurt in imports of palm stearin, PFAD
Cut in palm group of oils duty valid only till Oct 31
Cardamom prices top Rs 600 a kg
Pepper futures witness high volatility


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line