AGRI-BIZ & COMMODITIES
COMMODITY EXCHANGES
Commodity futures index from Refco
THE country's first commodity index has been launched. Constructed and managed by Refco Commodities India, the index is intended to provide a snapshot of the rapidly growing commodity futures market and be a benchmark for commodity performance in ...
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FARM CREDIT
PNB loan against warehouse receipts
FARMERS and traders will now be able to obtain finance against warehouse receipts, thanks to a new scheme introduced by the Punjab National Bank (PNB) in collaboration with National Multi-Commodity Exchange of India Ltd (NMCE) and Central ...
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HORTICULTURE/FRUITS & VEGETABLES
Bharti group forays into agri-biz — Floats 50:50 joint venture with Rothschild group firm
FieldFresh will source fresh fruits and vegetables through the contract-farming route from Punjab, J&K, Himachal Pradesh, Uttaranchal, Haryana and U.P.
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RUBBER
Rubber static on cautious buying
THE domestic rubber market was static on Thursday. As buyers turned more cautious keeping a low profile, prices failed to improve against traders expectations. Sheet rubber RSS 4 closed at Rs 49.50 as on Wednesday. The transactions were ...
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TAXATION
Service tax on commodity brokerage takes effect
ALL the major regional and online commodities exchanges have informed their members that service tax levy of 10 per cent (plus 2 per cent education cess) on commodity brokers is levied from September 10 as per notification no 18/2004 dated ...
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TEA
`Comprehensive tea plan by next Parliament session'
A COMPREHENSIVE package, including fiscal incentives, to revive the crisis-ridden tea industry would be finalised by the next Parliament session, the Union Commerce Minister, Mr Kamal Nath, said here on Thursday. Inaugurating the two-day ...
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TECHNICAL ANALYSIS
Spot gold may head lower
GOLD prices were firm despite the dollar's strong recovery against the major currencies on Wednesday. In spite of the strength in the dollar, gold price managed to close marginally lower due to the influence of firm oil prices and concerns of ...
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GOLD & SILVER
Gold prices may rise modestly
GOLD prices are expected to rise modestly in the second half of the year to an average of $407 an ounce as many fundamentals turn supportive. Although a strong rally towards the end of the year was possible, breach of the 2004 high to date of ...
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FOODGRAINS
WTO-compatible policy to aid grains exporters
FOODGRAIN exporters may be reimbursed up to Rs 900 per tonne on shipments of wheat and Rs 1,000 per tonne in the case of rice, as part of the Government's new World Trade Organisation -compatible foodgrain export policy. The policy will be ...
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COCONUT & COPRA
Rs 11-cr Central aid to fight coconut pest in AP
A sum of Rs 11 crore is being sanctioned by the Union Government through the Coconut Board for controlling eriophyd mite afflicting the coconut crop in Andhra Pradesh, Mr N. Raghuveera Reddy, State Agriculture Minister, said. He was ...
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POULTRY
Poultry feed analysis lab in Pune
THE first poultry feed analysis laboratory would be set up in Pune by December, this year, as part of the efforts to promote the concept of providing nutritionally balanced poultry feed and also to impartquality standards acceptable by ...
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