At Nizamabad market , Turmeric Nizam is trading strong at Rs. 7500 per quintal, higher by 1.35 per cent from previous dayn#39;s price level. Arrivals were reported at 700 quintals, down by 100 quintals as compared to previous day. Turmeric Finger Double Polish is offered high at Rs. 8000 per quintal, up by 1.27 per cent from previous price level. Turmeric Gattah(Unpolished) at Nizamabad market is quoted high at Rs. 7000 per quintal, up by 1.45 per cent as compared to previous day. Turmeric Double Polished Gattah at Nizamabad market is offered firm at Rs. 7500 per quintal, higher by 1.35 per cent from previous dayn#39;s price level. Turmeric in Nizamabad Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Nizamabad Turmeric Nizam 7500 +100 Nizamabad Turmeric Finger Double Polish 8000 +100 Nizamabad Turmeric Gattah(Unpolished) 7000 +100 Nizamabad Turmeric Double Polished Gattah 7500 +100 nnbsp;
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Friday, 7 August 2015
Nizamabad: Turmeric Trading Higher in Physical Market
Gross NPAs of MSMEs better than large companies, RBI's Mundra says
: Bad loans of micro small and medium enterprises sector as a whole is tad better than the total bad loans of large companies in the banking sector offering more opportunity for banks to expand loans, SS Mundra, Deputy Governor, Reserve Bank of India said Friday.
Even within the MSME sectors, the gross NPA of micro sectors, or of small companies, is slightly lesser than that of the small sector industries and the ones bigger than them, Mundra said at a function.
"Banks to be sensitive towards the lifecycle needs of their MSME clients and develop innovative products that are suitable to their unique and seasonal requirements for working capital and for capital expenditure purposes," the deputy governor said.
Pointing out at the various initiatives taken by the Reserve Bank and the Government of India like Trade Receivables Discounting System (TReDS) and rehabilitation of sick SMSMEs the Deputy Governor hoped that these will go a long way in supporting and nurturing the sector.
While speaking about the efforts that needed to be taken to help revive the MSME sector in the country, Mundra stressed on the need for an exchange platform in the banking system which trades in the MSME sector.
"A paradigm shift in financing of micro, small and medium Enterprises (MSMEs) will also happen as and when new Small Finance banks are licensed. These will make the financing of MSMEs more competitive in the coming days," Mundra said. "Banks will be able to face this competition only if they are more sensitive to the needs of the small entrepreneurs."
Micro, small and medium enterprises (MSME) contribute nearly 8% of the country's GDP, 45% of the manufacturing output and 40% of the exports. They provide the largest share of employment after agriculture.
"A very important thing which is yet to come into existence within the priority sector guidelines and which would be very very relevant and important in banking sector community is the " trades"- the exchange on which the trade receivables of MSME can be traded- this is work in progress," said the deputy governor. "We have received seven applications in RBI for setting of trade."
In order to revive the MSME sector in the country the banks can take use of e-commerce as well, the deputy governor said.
"With the e-commerce sector growing so wide, the small units can be helped by this as it allows them to become vendors to these e-commerce companies," Mundra said.
Govt refers aluminium duty hike request to revenue department
: The Ministry of Commerce & Industry has referred Aluminium Association of India's request for custom duty hike on metal to Department of Revenue.
Earlier requests were examined by Department of Revenue as part of the Budget 2015-16 and had not been acceded to.
Aluminium Association of India has requested for hiking basic custom duty on aluminium products from 5% to 10% and to increase basic custom duty on aluminium scrap to bring it at par with the duty on primary metal amid sliding prices of the metal in global market.
Aluminium production was 2.047 million tons in 2014-15 while 1.12 million tons was imported in the fiscal year gone by.
Domestic aluminium prices slumped 6.77% for the past five-straight trading weeks and traded in range of Rs 107.8-99.7 per kilograms on the Multi-Commodity and Exchange (MCX).
Pulses Physical Market Steady in Dabra
At Dabra market , Masoor Medium is trading at 5200-5300 per quintal, steady as against previous close. Chana Desi is offered at 4200-4300 per quintal, unchanged against previous close. nnbsp; Pulses in Dabra Market (Prices in per quintal) Market Commodity/Variety Price Change Absolute Dabra Masoor Medium 5200-5300 0 Dabra Chana Desi 4200-4300 0 nnbsp;
Newai: Mustard in Physical Market Trading Steady
At Newai market , Mustard Seed Loose is trading at Rs. 4200-4250 per 10kg, unchanged as compared to previous close. Mustard in Newai Market (Prices in Rs. per 10kg) Market Commodity/Variety Price Change Absolute Newai Mustard Seed Loose 4200-4250 0 nnbsp; Note: The above mentioned prices are in Rs. per 10kg and arrivals are in .
Kota: Soybean Trading Higher in Physical Market
At Kota market , Soybean Plant is trading strong at Rs. 3200-3225 per quintal, up by 0.78 per cent from previous trading day. Soybean Mandi is offered firm at Rs. 3100-3150 per quintal, up by 3.28 per cent as compared to previous day. Estimated market supply was at 15000 Bags, up by 2000 Bags as compared to previous day. Soybean in Kota Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Kota Soybean Plant 3200-3225 +25 Kota Soybean Mandi 3100-3150 +100 nnbsp; Note: The above mentioned prices are in Rs. per quintal and arrivals are in Bags
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