Castor Seed in Gujarat Physical Market

At Rajkot market , Castor Seed Loose price is trading lower at Rs. 3575-3715 per quintal, down by 0.67 per cent from previous trading day. Total arrivals are at 50 per quintal, down by 91 per quintal from previous trading day. Castor Seed Loose price at Gondal market is offered at Rs. 3530-3780 per quintal, steady against previous close. Traders reported arrivals at 100 per quintal, down by 204 per quintal from previous dayn#39;s arrivals. Castor Seed Loose price at Patan market is quoted at Rs. 3800-3850 per quintal, steady as against previous close. Trade sources reported arrivals at 3750 per quintal, lower by 1875 per quintal from previous dayn#39;s arrivals. Castor Seed Loose price at Harij market is offered strong at Rs. 3840-3875 per quintal, up by 1.31 per cent against previous day. Todayn#39;s arrivals are at 1125 per quintal, up by 75 per quintal as compared to previous day. Castor Seed Loose price at Mehsana market is trading high at Rs. 3840-3860 per quintal, higher by 0.65 per cent from previous trading day. Arrivals were reported at 800 per quintal, steady as against previous dayn#39;s arrival. Castor Seed Loose price at Kadi market is quoted at Rs. 3825-3875 per quintal, steady as against previous close. Estimated market supply was at 1600 per quintal, lower by 160 per quintal from previous dayn#39;s arrivals. Castor Seed in Gujarat Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute Rajkot Castor Seed Loose price 3575-3715 -25 Gondal Castor Seed Loose price 3530-3780 0 Patan Castor Seed Loose price 3800-3850 0 Harij Castor Seed Loose price 3840-3875 +50 Mehsana Castor Seed Loose price 3840-3860 +25 Kadi Castor Seed Loose price 3825-3875 0 nnbsp;

Nizamabad: Turmeric Trading Higher in Physical Market

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;

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;