Chana is majorly imported from Australia and Tanzania and it attracts an import duty of 60 per cent. A section of the traders is demanding a reduction in import duty to around 35-40 per cent to tide over any shortage of the commodity as the new crop will start hitting the market only around mid-February.
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
The paramilitary Rangers, which were called in to maintain law and order in the disputed region, came under attack while moving out of the region, the Dawn newspaper reported.
Bharat Rashtra Samiti leader K Kavitha is expected to be produced before a special Prevention of Money Laundering Act (PMLA) court by the Enforcement Directorate in New Delhi on Saturday for obtaining her remand for custodial interrogation in the money laundering case linked to alleged irregularities in the scrapped Delhi excise policy 2021-22, officials said.
Kejriwal was produced in the court by the CBI after the end of his three-day custodial interrogation.
Foreign portfolio investors (FPI) have pulled out $3.5 billion from India's equity markets so far this month. The selling comes on the back of election-induced volatility and the rotation of flows from India to China, where stocks are available at half the valuations. If the selling pressure remains at the current level, this will be the highest FPI pullout since January 2023.
'Merchandise plays a key role in creating buzz about a specific party.'
While the Confederation of All India Traders is organising nationwide protests tomorrow, others like Bhartiya Udyog Vyapar Mandal plan similar movements next month.
'Shark fins are the most sought-after shark product.'
After a brief hiatus, traders in Delhi on Monday resumed their anti-sealing agitation with some of their leaders courting arrest in West Delhi.
The traders said that the recent SC order would cause huge losses to them.
Congress president Mallikarjun Kharge Saturday said the Lok Sabha poll mandate is a "decisive rejection" of the politics of divisiveness and hate, and stressed that the INDIA bloc must continue functioning cohesively both inside and outside Parliament.
'There was a strong undercurrent of deprivation, and also frustration against misuse of power and authority.' 'This election was an opportunity for the manifestation of this discontentment.'
However, in recent times, the clout that trader bodies such as CAIT and other organisations like Swadeshi Jagran Manch and Laghu Udyog Bharati has is steadily increasing. Earlier this year, trader bodies were able to convince the government not to extend the deadline for implementation of the new norms in FDI policy on e-commerce.
Three terrorists were gunned down in an encounter with security forces in Anantnag.
Speaking to reporters after meeting the family, he said, as MLA of the locality, Arvind Limbavali is said to have tried to settle things.
The freedom of press can not be used to violate a person's 'inherent' right to reputation and investigative journalism does not enjoy any special protection, the Bombay high court has said while asking a journalist to remove online articles and videos targeting a businessman.
The court has 'only decided on the issue of proof and not faith', a single bench of Justice Gautam Patel said and dismissed the suit initially filed by Khuzaima Qutbuddin soon after his brother and the then Syedna Mohammed Burhanuddin passed away in January 2014 at the age of 102.
Leading stock exchange BSE has decided to discontinue Stop Loss Market (SL-M) orders from October 9 to prevent erroneous order placement arising out of manual or algo trades. This came after a recent freak trade incident caused a lot of angst among the trading community earlier this month due to an SL-M order. SL-M is a type of order that automatically sells or buys a security at the market price when the trigger price is reached.
The Centre on Friday said it will sell 'Bharat Rice' in the retail market at Rs 29 per kg from next week to give relief to the common man and has also directed traders to disclose rice/paddy stock, as part of its efforts to control prices that have risen by around 15 per cent in the last one year. In a press conference, Union Food Secretary Sanjeev Chopra exuded confidence that these two measures along with the various restrictions of exports will help in cooling down the prices. Seeking to dispel market rumours, he categorically said the government has no plans to lift restrictions on rice exports any time soon.
'The situation in Nuh could have easily returned to normalcy if the trader class wished so, but they didn't.'
Maharashtra minister Dada Bhuse said the decision to impose export duty should have been taken with proper coordination.
The disputed region witnessed clashes on Saturday between the police and activists of a rights movement, leaving at least one police official dead and injuring over 100 people, mostly policemen.
Traders on Tuesday threatened to launch a nation-wide agitation to protest against imposition of service tax.
Chief Minister Basavaraj Bommai appealed to people to celebrate Hindu new year Ugadi and 'Hosa Tadaku' festivals peacefully without disturbing law and order.
The State Commission concluded the insurer could not take advantage of a typographical error on the bank's part to repudiate a legitimate claim, points out Jehangir B Gai.
'Every year, the marble industry is shrinking due to tiles. It has already decreased by 20-25 per cent in recent years.'
The government expects onion prices to fall below Rs 40 per kilogram by January from the current average price of Rs 57.02 per kilogram, Consumer Affairs secretary Rohit Kumar Singh said on Monday. Last week, the government banned onion exports till March next year after the retail sales price of the kitchen staple crossed Rs 80 per kg in the national capital and the prices in mandis remained around Rs 60 per kg. To a query on when the onion prices are expected to fall below Rs 40 per kg, Singh said, "very soon... January"
The ED on Wednesday had issued a fresh and the fifth summons to Kejriwal after he skipped four earlier summonses over the last four months.
Technical analysis can help you understand market trends so that you can make informed investment decisions, says Rupak De, senior technical analyst at LKP Securities.
Along with Lord Ganesha and goddess Laxmi, electronic gadgets will also enter the pantheon of Hindu gods this Diwali.
In a bid to mount pressure on the government over imposition of local body tax (LBT), all trade organisations across Maharashtra have decided to observe a two-day statewide bandh from July 15.
The Sittwe deal is more significant than Chabahar in Iran, where India has rights to operate only two terminals and not the port itself.
Several candidates, including Taranjit Singh Sandhu, the BJP's Amritsar candidate, are promising resumption of India-Pakistan trade via the Attari-Wagah land route.
The regulator has doubled the deposit money that a trader is required to keep with exchanges for trading in turmeric following unusual price movement.
Jeera July futures in NCDEX touched a record high of Rs. 58,085 per quintal on Monday, before coming down to around Rs. 55,500 on Tuesday. This was due to profit booking and extension of additional surveillance margin of 2.5 per cent till July 18, including on all contracts to be launched in the future. The softening, according to some reports, is also because of fears of regulatory action on jeera traders over allegations of excessive speculation.
Market players attribute the rally in small and midcaps to flows from retail investors and domestic institutions.
Prime Minister Narendra Modi would have got a tough fight in Varanasi had Congress general secretary Priyanka Gandhi Vadra contested against him as Indian National Developmental Inclusive Alliance (INDIA) candidate, feel party workers from the temple town.
Section of traders in Maharashtra on Monday night agreed to call off their prolonged agitation protest against the Local Body Tax after a meeting with Chief Minister Prithviraj Chavan in Mumbai.
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