The Hindu Business Line : Saturday, May 03, 2008

COMMODITY EXCHANGES
Commodity transaction tax likely from June
Mumbai, May 1 Having failed to convince the Union Finance Minister, Mr P. Chidambaram, on rolling back commodity transaction tax (CTT), the exchanges and broking firms are now gearing up for a smooth roll out of the tax. Mr Unupom Kausik, ... More

NYSE Euronext plan among 15 FDI proposals cleared
New Delhi, May 2 NYSE Euronext’s plans to pick up 5 per cent stake in Multi-Commodity Exchange (MCX), at an estimated investment of Rs 218.51 crore, was among the 15 FDI proposals cleared by the Government on Friday. The proposals ... More

WHEAT
Wheat procurement tops target
Wheat procurement this year has exceeded the Centre’s target of 150 lakh tonnes (lt) within a month of the crop arrival this year.An official statement said the total procurement by various government agencies as on May 1 was ... More

Gujarat wheat: Agencies procure 1.14 lt in 2 months
Productivity expected to increase by 10% this year More

CLIMATE & WEATHER
‘Nargis’ may have switched busy season on
Bangkok, May 2 The very severe cyclonic storm, Nargis, might just have switched on the busy season in the Bay of Bengal if emerging signals from international model predictions are to be believed. The Joint Typhoon Warning Centre ... More

CULTIVATION
Bamboo is grass and not tree, says CII joint study
Removal of curbs suggested to help increase production More

COMMODITIES
Inflation hits 42-week high of 7.57%
New Delhi, May 2 Inflation rose to a 42-week high of 7.57 per cent in the 12 months to April 19, higher than the previous week’s annual rise of 7.33 per cent, largely on account of an increase in food, metal products and industrial fuel ... More

RUBBER
Domestic rubber futures turn weak
Kottayam, May 2 The domestic rubber futures turned weak except for its May contract which closed marginally higher at Rs 116.35 (Rs 116.11) a kg on NMCE. The June futures slipped to Rs 113.51 (Rs 113.99), July to Rs 110.29 (Rs 110.37) ... More

SPICES & CONDIMENTS
Chilli futures hit lower circuit
Mumbai, May 2 Chilli futures on NCDEX hit the lower circuit of 4 per cent at Rs 4,728 per quinal as sentiment in the Guntur spot markets were weak. Chana fell 1.27 per cent to Rs 2,537 per quintal. Guar seed and gum fell dropped 0.98 per cent ... More