BUSINESS LINE INITIATIVE
A stakeholder awareness and education seminar on commodity price risk management will be held at 4 p.m. on Thursday, January 31 at The Andhra Chamber of Commerce and Industry, 40-1-144, Corporate Building, 3rd floor, Hotel Fortune J, M.G. Road, Vijayawada.
The event is part of an ongoing initiative by The Hindu Business Line jointly with Forward Markets Commission (FMC), the commodity futures market regulator under the Union Ministry of Consumer Affairs, and the National Commodity and Derivatives Exchange (NCDEX), the country's largest agri-commodity futures exchange.
Expert presentations include ‘Commodities as key driver of India's economic growth’ by G. Chandrashekhar of The Hindu Business Line and ‘Commodity futures trading and price risk management, an exchange perspective’ by an NCDEX representative. There will be a question and answer session after the presentations.
N. Venkateshwarulu, President, Siddharatha Academy, will be the chief guest and deliver the welcome address. Muttavarapu Murali Krishna, President, Chamber of Commerce, will be the guest of honour. Commodity producers, processors, traders, importers, exporters and related others are welcome to participate. For registration, contact: Ravi Kumar on 0-9866677268.
A similar event will be held at Guntur on Friday, February 1.
Comments:
This will be a very useful meeting. I want to raise some questions which may kindly be considered if worth. there should be uniform transaction charges,stamp duty on all transaction,to protect small traders/hedgers. In some states like West Bengal, there is no Stamp Duty. But Delhi and Mumbai has stamp Duty. Transaction charges are charged according to volume,which is again against small traders. Last but not least algo trading. This system is being used by a cartel of members, which spoiling the interest of small traders,so this system should be banned.
This will be a very useful meeting. I want to raise some questions which may kindly be considered if worth. there should be uniform transaction charges,stamp duty on all transaction,to protect small traders/hedgers. In some states like West Bengal, there is no Stamp Duty. But Delhi and Mumbai has stamp Duty. Transaction charges are charged according to volume,which is again against small traders. Last but not least algo trading. This system is being used by a cartel of members, which spoiling the interest of small traders,so this system should be banned.
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