Page 3 - Traders

Indian banks seek looser liquidity conditions going ahead: Traders

Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday

Delhi traders see surge in demand for posters bearing images of Lord Ram

Ahead of the consecration ceremony of the Ram temple in Ayodhya, traders in the national capital are working round the clock to meet the rising demand for saffron flags and posters bearing images of the deity and the temple. As Ayodhya gears up for grand celebrations on January 22, 40,000 workers and printing presses are working overtime to meet the requests of devotees here, Rakesh Kumar Yadav, president of the Federation of Sadar Bazar Traders Association, told PTI on Saturday. "When Prime Minister Narendra Modi appealed to the people to light special diyas -- Shri Ram Jyoti -- in their homes to celebrate the consecration ceremony as as 'Deepawali', we expected a hike in demand for religious items related to the event. So, we started our preparation accordingly," said Yadav. He also said the markets will be decorated from January 15 evening, and a procession would be taken out in which around 700 businessmen are expected to participate. As the consecration ceremony approaches, th

Record borrowing by states to widen spread over govt bond yield: Traders

Earlier in the day, states raised Rs 16,000 crore ($1.92 billion), the lowest for a weekly auction, via 10-year bonds at around 7.74 per cent

Jaipur traders demand new wholesale trade hubs for smooth business

The walled city of Jaipur, known globally as Pink City, is a Unesco world heritage site

Saffron traders in Afghanistan urge for more facilities in exports, visas

Annual saffron exhibitions, according to Nabil, are intended to promote saffron production in the province of Herat and strengthen the status and worth of Herat saffron

Delhi traders, RWAs make festive plans for cricket world cup final

Bumper discounts on products, screenings of the match and 'dhol nagadas' have been planned by traders and RWAs in Delhi as they are buzzing with excitement for an India win in the cricket world cup finals. India will play the final of the ODI World Cup against Australia on Sunday. Across markets in Delhi, shop owners do not expect much business on the day are cricket fans are expected to watch the match in their homes. "Most markets in Delhi on Sunday will be closed and there will be a holiday-like atmosphere in the market. Shop owners in other areas will put up LED screens so that people can enjoy the match together. We hardly expect any business that day," Brijesh Goyal, chairman of Chamber of Trade and Industry told PTI. Traders in markets such as Khan Market, Lajpat Nagar, Sarojini Nagar, Greater Kailash, Karol Bagh, Rohini, and Pitampura among other areas have arranged LED screens for passersby to enjoy the match, Goyal said. At some places, the rent for LED screens and ...

Rajasthan polls: Low demand of campaign merchandise dashes traders' hopes

Polling in Rajasthan will be held on November 25 and the results will be out on December 3

Traders excited and worried as stock options trading booms in India

Data from exchanges, which are big winners of this surge in demand, shows the daily average value of assets underlying these stock options more than doubled between March and October to $4.2 trillion

Jeera prices correct sharply ahead of sowing on liquidation of position

The government's production estimates though are much higher on jeera than what traders and market experts said

Election code hampers transport of cash and jewellery in Rajasthan

The code came into effect after the Election Commission announced the date for assembly elections in Rajasthan

Punjab cabinet gives nod to pilgrimage, settlement scheme for traders

The Punjab cabinet Monday gave nod to a pilgrimage scheme for elderly people and a one-time settlement scheme for traders with tax dues up to Rs 1 lakh. The approval came during a meeting of the council of ministers chaired by Chief Minister Bhagwant Mann here. Addressing the media after the cabinet meeting, Finance Minister Harpal Singh Cheema said the cabinet has approved the 'Mukh Mantri Tirth Yatra' scheme whereby elderly people could visit various religious places including Nanded Sahib, Hazur Sahib, Chintpurni, Jawalaji, Naina Devi through buses and trains free of charge. This scheme will be rolled out on November 27, the chief minister said in a post on X. A sum of Rs 40 crore has been earmarked for the 'Mukh Mantri Tirth Yatra' scheme, said FM Cheema. He further said a sub-committee has also been formed for the scheme. Asked about the age of people who could avail this scheme, he said the sub-committee will take a call on it. In another decision, Cheema said the cabinet

Option traders see RBI's grip on Rupee lasting for the rest of 2023

The rupee has weakened about 0.5 per cent this year, the least among Asia's emerging markets, thanks to inflows of nearly $18 billion and RBI intervention

Rice traders demand flat export duty of $80 per tonne on parboiled rice

Rice exporters have requested the Centre for a flat export duty of USD 80 per tonne for parboiled rice instead of the current 20 per cent duty to smoothen trade, a top official of the rice exporters' umbrella body said on Sunday. The Indian Rice Exporters Federation (IREF) has also requested the government to reconsider its export ban on white rice which was imposed in July and reduction in the minimum export price for basmati rice to USD 850 per tonne to prevent negative impacts on both export volumes and farmers. On Friday, the government had extended the 20 per cent duty on parboiled rice exports until March 24. "We request the government to replace the 20 per cent export duty with a fixed USD 80 per tonne export duty. This will eliminate ambiguity and invoicing issues in rice trade," IREF national president Prem Garg told PTI. The federation wants a dialogue with the government to reconsider the ban on white rice, he added. IREF also expects the government to release a ...

No decision yet on demand to cut export duty, says Maharashtra minister

Maharashtra state marketing minister Abdul Sattar on Tuesday said a meeting called here for discussing onion traders' demand to slash the 40 per cent export duty on the kitchen staple ended without any decision as the concerned Union secretary was not present. The meeting was attended by Sattar, deputy Chief Minister and Finance Minister Ajit Pawar, and representatives of onion traders. A Union secretary was not present, hence no major solution was found on the issue of slashing 40 per cent export duty. The next meeting is scheduled for September 29 in Delhi which we will attend. I am hopeful that an amicable solution will be found, he said. Asked if the Maharashtra government has issued any directive to onion traders, Sattar said, The state has asked the traders to procure onions from farmers. Agencies such as NAFED will also start buying onions.

Bonds settle lower after initial euphoria on JPMorgan's index inclusion

The yield on the benchmark 10-year bond settled at 7.19 per cent, against 7.16 per cent on Thursday

Government bond yield decline to seven-week low, say market dealers

Traders rushed to buy bonds in early trade after reports that the chances of bond inclusion in JP Morgan's emerging market index have become high after Russia's exit

Traders at MP APMCs go on strike over demand for reduction in market fee

Traders across 230 major Agriculture Produce Market Committees in Madhya Pradesh started an indefinite strike from Monday over various demands including reduction in mandi (market) fee currently being charged at the rate of 1.5 per cent, a confederation of traders said. Gopaldas Agrawal, president of the Madhya Pradesh Sakal Anaj Dalhan Tilhan Vyapari Mahasangh, said they have been demanding for a long time that the mandi fee being charged at 1.5 per cent from traders on purchase of crop produce from farmers be reduced. "But, the state government has been deceiving us every time on this issue despite assurances, he claimed. Agrawal said their other demands include slashing the lease rent of government plots allotted to traders in mandi premises and ending the collection of destitute assistance fee. Till these demands are not accepted, nearly 40,000 traders across 230 mandis of the state will neither buy nor sell the produce (of farmers), he said. He claimed that trade worth at lea

Nepal traders resume importing onions from India to calm rising demand

Traders in Nepal have resumed importing onions from India to meet the soaring domestic demand ahead of a festival season, days after the supply was halted following India's decision to slap a 40 per cent export tax on the vegetable. Last week, India, the world's biggest exporter of onions, imposed a 40 per cent tariff on the export of the vegetable till December 31 to restrict overseas sales. The move reportedly came amid an anticipation of a price rise ahead of the festival season when demand for most commodities goes up. The new tariff had severely affected Nepal as several traders in the Kalimati Fruit and Vegetable Market - the Himalayan nation's largest wholesale market for agricultural products - reported a sudden scarcity of onions. Nepal imports 99 per cent of its onion requirements from India. Traders in Nepal imported 265 tonnes of onions from India in the last 48 hours which helped resume smooth supply of the vegetable ahead of the festival season. On Wednesday, 120 ton

Investigate before filing FIR against traders, UP CM directs authorities

With a view to curb frivolous complaints against entrepreneurs, Uttar Pradesh Chief Minister Yogi Adityanath has directed authorities to conduct a preliminary investigation before filing an FIR in case of a complaint against traders. The order that came on Saturday aims to reduce the number of "baseless" FIRs filed against businessmen and traders in the state, which frequently result in harassment and undue pressure, the state government spokesperson said. Now an FIR cannot be lodged directly by any person against entrepreneurs. The order was issued considering the direction given by the Supreme Court in a case, the spokesperson said. Ravikant Garg, the president of the Bharatiya Udhyog Vyapar Mandal, on Sunday welcomed the move and said it will instil confidence among the entrepreneurs. "Generally, a trader is not someone with a criminal mindset. This move will enhance the confidence level among the traders, and will play a positive role in the development of the state," Garg tol

Govt to come up with 60 QCOs to curb imports of sub-standard goods

The government will come up with 60 quality control orders (QCOs) this year for products such as consumer goods, rubber, paper and light engineering items with an aim to contain imports of sub-standard goods and boost domestic manufacturing, a senior government official said on Friday. Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said they are issuing these orders "fairly extensively" and so far 33 QCOs for over 127 products such as ACs, refrigerators, pipes, and safety valves have been issued. "Right now, we are processing 60 new QCOs in association with BIS. These are crucial not only for the safety of consumers but also to improve quality standards," he told reporters here. Speaking at the media briefing, Joint Secretary in DPIIT Sanjiv said these orders are issued for goods like smart meters, nuts, bolts and fasteners. Violation of the law can attract a penalty of up to two years of imprisonment or with fine of at least Rs 2 la