India Edible Oil: Up as govt may not cut import duty; BMD CPO dn 10%

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ANALYSIS: Rating spectre looms over fiscally-shot govt’s FY21 Budget
Tuesday, Jan 28 The onus on turning the economy around, or at least to begin the revival, is on the cash-strapped central government. But rating agencies will not be forgiving if India’s finances unravel any further and growth does not rebound. By Siddharth Upasani NEW DELHI – There are rocks and hard places. And there are frying pans […]

INTERVIEW: Commodity brokers’ body wants govt to scrap CTT in Budget
Tuesday, Jan 28 Commodity Participants Association of India President Narinder Wadhwa says the government should do away with the commodities transaction tax in the Budget for 2020-21 (Apr-Mar) to help bring back volumes in the commodity derivatives segment. Lower transaction costs would encourage domestic companies that are hedging risks abroad to participate in domestic exchanges, and widen […]

Govt sees ’19-20 mustard output at record 9.7 mln tn on higher yield
Tuesday, Jan 28 By Kaushal Verma NEW DELHI – The government sees production of mustard at a record high of 9.7 mln tn in 2019-20 (Jul-Jun), up from 9.3 mln tn harvested last year on expectations of higher yield, a senior official with farm ministry said. “Weather is very supportive this year so far and favourable weather is […]

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