The Hindu Business Line : Thursday, January 31, 2008

COMMODITY EXCHANGES
FDI in commodity bourses to boost valuations
Mumbai, Jan 30 After mandating an autonomous status for commodity market regulator Forward Market Commission (FMC), the Union Cabinet on Wednesday allowed 49 per cent foreign direct investment (FDI) in commodity exchanges.Mr Kailash ... More

Govt allows FDI in commodity exchanges
Increases FDI limit for PSU refining ventures More

CLIMATE & WEATHER
Mercury may test freezing point in Delhi
Cold northwesterlies are driving down mercury fast in the National Capital Region just ahead of the arrival of a relieving western disturbance triggering fears that New Delhi might be bracing to hit zero degree Celsius by Friday night for the ... More

TEA
Indian Bank to step up finance for tea sector
Coonoor, Jan. 30 Indian Bank has launched schemes to finance the small scale tea sector in the Nilgiris. “Before March 31, we intend to improve our presence in the Nilgiri tea sector. Our package covers all players – ... More

GOLD & SILVER
Gold, silver prices drop
Mumbai, Jan. 30 Gold prices that touched Rs 12,000 per 10 gm on Tuesday came down a tad and were quoted at Rs 11,900 per 10 gm in the local bullion market on Wednesday. Gold price closed at Rs 11,785 per 10 gm on Wednesday against Rs 11,845 ... More

AGRICULTURAL INSTITUTIONS
Nabard asks NGOs to reach out to rural communities
Hyderabad, Jan. 30 The National Bank for Agriculture and Rural Development (Nabard) has asked non-governmental organisations (NGOs) to chalk out new plans in rural areas to increase incomes of farmers. Nabard organised a meeting with ... More

COTTON
Raw cotton prices rise on slower arrivals
Raw cotton (kapas) prices across varieties have firmed up this week amidst constraints in arrivals of kapas in key markets. The price increase ranged between Rs 200 and Rs 500 per candy (356 kg) and among the varieties that saw spurting are ... More

SPICES & CONDIMENTS
‘Spices export cannot be separated from domestic sales’
Mumbai, Jan. 30 Exports have without doubt been an important and integral part of our country’s spices sector, but the burgeoning domestic market cannot be lost sight of by staying overly dependent on overseas markets. “In ... More

EVENTS
Adding spice to the domestic market
More

EXPORTS & IMPORTS
India exploring wheat import options
Mumbai, Jan. 30 The global commodity markets are currently in a state of uncertainty. Prices remain volatile and outlook has turned increasingly uncertain in the backdrop of broader market concerns, especially in financial and energy markets. ... More

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