Page 5 - Traders

Repeated implementation of GRAP III curbs delaying projects: CTI to CAQM

The Chamber of Trade and Industry (CTI) has written to the Commission for Air Quality Management (CAQM), saying repeated implementation of curbs under Stage III of the Graded Response Action Plan has delayed projects and affected labourers. The Centre's air quality panel had invoked restrictions under Stage III of GRAP including a ban on private construction and demolition work on December 30 in view of a spike in air pollution. The commission revoked the curbs on Wednesday but reimposed them on Friday due to frequently changing air quality scenario. On Sunday, the CTI wrote to the panel that traders associated with under-construction projects are very upset due to repeated implementation of curbs under Stage III of GRAP and the work is getting delayed. Besides, the livelihood of the labourers has also been affected, CTI Chairman Brijesh Goyal and president Subhash Khandelwal said. They urged the CAQM to give relaxations to private construction works under Stage III of GRAP.

Traders demand rollout of robust e-com policy, formation of regulator

Referring to observations of Parliamentary Committee on Finance, traders have demanded the government to immediate roll out a robust and strong e-commerce policy, formation of a regulatory authority

Traders associations in Delhi ask shop owners to follow Covid norms

Many trader associations across Delhi have asked shop owners to wear masks, use sanitisers and follow social distancing norms amid concerns over the surge in Covid cases in some countries. Fearing that the possible surge here will impact their business yet again, some of these associations have also called meetings to discuss their future course of action. Amid a spike in cases in Japan, South Korea, Brazil, China and the US, the the Centre has urged all states and Union Territories to gear up the whole genome sequencing of positive samples to keep track of emerging variants. Officials had earlier said that the Delhi government is keeping a watch on the COVID-19 situation and the chief minister has directed the health department to ensure genome sequencing of samples and take other steps needed to meet any eventuality. Ashok Randhawa, president of the Mini Market Association at Sarojini Nagar, said shop owners have been asked to start taking precautions by wearing masks and regular

Traders stage protest after stone pelting incident on India-Nepal border

India has reportedly closed a suspension bridge connecting Nepal since early Monday morning, following Sunday's stone-pelting incident on the Indian workers by the Nepalese at the Indo-Nepal border

Amazon's Black Friday: Several Indian trade unions to join protests

The campaign is being coordinated by an international coalition of trade unions, with the support of environmental and civil society groups

Cotton exports stall as farmers delay sales hoping for higher prices

The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world's biggest producer of the fibre

Lula da Silva's efforts to boost spending in Brazil rattles markets

On the campaign trail, Luiz Incio Lula da Silva promised to sustain a massive welfare programme, increase the minimum wage and boost health and education spending. Now, Brazil's president-elect is trying to make good on those pledges -- and investors are showing concern. Da Silva's transition team on Wednesday night presented Congress with an outline of a proposal to skirt a constitutionally imposed spending cap by creating a carve-out for welfare. Then, at the climate talks in Egypt on Thursday, he reiterated that he pays little heed to whether his plans to lead a socially responsible government might cause jittery speculators to sell off. When trading opened on Thursday, Brazil's currency slid to its weakest level against the dollar since July and the benchmark Bovespa stock index fell more than 2.5 per cent, before trimming losses hours later. Traders have begun pricing in interest-rate hikes next year rather than cuts, as da Silva's proposal "confirmed (fiscal) risk that before .

Delhi traders urge buyers to return to markets for Diwali shopping

Attractive discount schemes, lucky draws, selfie points and food stalls, markets in the national capital are trying every trick in the book to bring back buyers this Diwali. Markets across the city have been decked up with bright lights, while traders are running campaigns on social media to urge people to visit instead of shopping online, a traders' organisation said. The Chamber of Trade and Industry (CTI) Chairman Brijesh Goyal and President Subhash Khandelwal urged consumers to visit markets with their families. "Bring back the radiance to the markets, light the lamp of enthusiasm in the city markets. Avoid online shopping. The fun of shopping is at the shop, not on the screen," Goyal said. Selfie points and food kiosks have been set up, discount schemes and lucky draw coupons introduced to attract customers to the markets, Goyal said. The CTI is also appealing to shoppers through Facebook, Twitter and WhatsApp, urging them to go to the markets instead of relying on e-commerce

Court rules to pay NSEL small traders up to Rs 20 lakh, excludes corporates

In a big win for small traders, the Maharashtra Protection of Interest of Depositors court has directed the Competent Authority to make a graded distribution only to about 2,040 individual traders

Sans Covid curbs, Delhi traders hope to register Rs 1 trn biz this season

Traders in Delhi are hoping for a huge boost to Diwali business this time, to the tune of Rs 1 lakh crore, as for the first time in three years they prepare for the festival of lights sans Covid restrictions. "This substantial inflow of funds is expected to relieve the business community from financial crisis," the Chamber of Trade and Industry (CTI) said. Free of the red eye of COVID-19, this Diwali is bringing huge business opportunities for traders. CTI said, "After two years, Diwali will be celebrated without any Covid restrictions, prompting consumers to visit markets in every city of the country, shopping." Chairman of the traders' body Brijesh Goyal and its president Subhash Khandelwal said they expect Rs 1 lakh crore business in Delhi on the occasion of Diwali. According to a recent report by the Federation of Automobile Dealers Associations (FADA), the apex organization of the automobile sector, the overall retail sales of automobiles grew by a whopping 57 per cent durin

Street Signs: GMP of TMB, DreamFolks positive, market trend positive & more

Analysts recommend traders to maintain a bullish bias and buy on dips

ONDC to soon open up for beta-testing for public in limited areas

Since April-end, ONDC has been testing with a closed user group for end-to-end execution.

Bitcoin stuck in narrow range as traders brace for Jackson hole

Cryptocurrencies have been trading in tandem with US equities this year as both have been swayed by the Federal Reserve's interest-rate-hiking path

US: AMC, Bed Bath & Beyond lead rout in meme stocks as mania fizzles

AMC Entertainment Holdings Inc. plunged 38% in premarket trading ahead of its debut of a new class of shares and after peer Cineworld Group Plc confirmed it may go bankrupt.

Do not impose Covid-19 restrictions on traders: CTI to Delhi govt, L-G

CTI has written to DDMA regarding the same as it is concerned that with the spike in Covid cases in national capital, virus-related restrictions will be imposed on traders, leading to loss in business

Led by new-gen investors, mobile trading accounts for a fifth of trades

Higher smartphone penetration and lower data charges are powering this trend, say industry players

High duty may extend slack season for gold, keep prices in check for now

Gold domestic futures jumped by about 3 per cent to over Rs 52,000 per 10 gram in initial trading

Small traders to gain in GST relief for e-commerce sellers, transport

For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including fuel cost

ONDC to provide equal opportunities to small traders: Piyush Goyal

Open Network for Digital Commerce (ONDC) will provide equal opportunities to small retailers to enjoy the benefits of digital world and permit them to trade on a common platform, said Goyal

Bond yield surge threat is only agenda for traders from RBI policy

The Reserve Bank of India faces the challenge of keeping bond yields in check as the government kicks off an unprecedented 14.31 trillion rupees ($190 billion) of annual borrowing in April.