SEBI board allows non-bank custodians to manage gold products

India’s regulator, the Securities and Exchange Board of India (SEBI) board has decided to allow non-banking custodians to manage gold-exchange traded funds (ETFs) and other gold-related products. Banking custodians can continue to provide these services, it stated after a meeting. The board decided to bring amendments to the SEBI (Mutual Funds) Regulations, 1996, in this […]

Read more

MMTC to import additional 12,500 tonnes of onion from Turkey; fresh harvest also on the way

DSC_0973.jpg

India’s rampant onion prices may finally be running out of steam, with fresh supplies of the pungent vegetable set to hit the market next month. In addition, state-owned trading firm MMTC, which has already importing onions on behalf of the government, has contracted an additional 12,500 tonnes of edible bulb from Turkey to boost domestic availability and […]

Read more

MMTC contracts 4,000 tonnes of onions in addition to the 17,090 tonnes already contracted

DSC_0973.jpg

India’s state trading arm, MMTC has further contracted 4,000 tonnes of Onions from Turkey which is expected to arrive by mid-January, 2020. This 4,000 tonnes is in addition to the 17,090 tonnes of onions already contracted which includes 6090 tonnes arriving from Egypt and 11,000 tonnes from Turkey. The Department of Consumer Affairs has also […]

Read more

Govt extends stock holding limit on onion traders indefinitely to check price rise

With onion prices continuing to rise above Rs 100 per kg, the government of India has extended prohibitions on traders from the stocking of edible bulb across the country for an indefinite period to check price rise. Separately, Food and Consumer Affairs Minister Ram Vilas Paswan did not say by when prices of onion will […]

Read more

India expects 1,000 tonnes of onion imports by the end of November 2019

DSC_0973.jpg

Private traders have placed orders for importing onions and at least 1,000 tonnes are expected by month end, which will help ease retail prices that is still ruling high at over Rs 60/kg, a senior government official said. The retail prices of onion had soared to Rs 100/kg a week back in the national capital, […]

Read more