Several non-governmental organisations (NGOs) working in various countries have expressed apprehensions over the increased stress given by nations for the use of bio-fuels.
The Rubber Board has presented a detailed plan to the commerce ministry in this regard. The economic and finance committee under the ministry will examine the proposal and forward it to the plan panel for approval.
Integration of the spot and futures exchanges is a crucial factor for the growth of commodity futures in India. It is difficult to develop a good derivatives market without adequate spot price discovery.
A joint statement issued at the end of an India-Japan energy dialogue said both the countries would explore ways and means to further cooperation in the field of new and renewable energy sources.
India had sought to buy 1 million tonnes of wheat in May last but backed could not strike a deal because of high prices. However last week, India entered the market with a tender for 1 million tonnes, despite prices soaring to 11-year high.
The apex biz chamber said that there is an urgent need to make contract farming legal.
According to a press release, the five-year agreement aims to bring 50,000 acres under cocoa farming, which would provide coconut farmers an additional income of Rs 80 crore a year. The agreement was signed in Tiruchi, the release said.
The government is expecting a better soyabean and groundnut production on account of well-distributed monsoon rains and good prices.
The Reserve Bank of India has set up an expert working group for examining issues related to the launch of currency futures in the country.
The meteorological department in India has predicted that there will be normal monsoon rains next month that will result in better crops for the country's 234 million farmers.
Indian jewellery exports will now attract 6.5 per cent duty in the US.
The Ahmedabad-based Kunvarji Group has has signed with India's leading bourse, Multi Commodity Exchange of India (MCX) for offering Commodities related Training Programs in Ahmedabad.
There is good news for the Central government, which is struggling to rein in inflation. Monsoon rains were more than normal in June and the government can hope for a better kharif crop, which in turn may help reduce inflation.
As real estate investment trusts are yet to take shape in India, about a half a dozen realty firms have started the spadework for listing REIT-like vehicles on the Singapore Stock Exchange.
Garlic export from India has come to almost nil this year. Traders attribute this trend to increased domestic demand and higher production cost here.
Even as the traders and merchants in Kerala observed a hartal against the entry of multinationals in retail sector on Wednesday, pepper Futures market also witnessed major upheavals.
United Arab Emirates is on a rice hunt now.
The Australian government has supported a proposal from Indian steel companies for acquiring equity stakes in coking coal companies and coking coal properties in the country.
Floriculture is one area Thailand corporates are eying in India now
The Tea Board has sought the help of Indian Space Research Organization to track the progress of replantation of tea bushes with the help of remote-sensing satellite.
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