Traders

CBIC waives interest charges on EXIM traders due to payment woes

Besides, since importers are not able to clear their goods at the ports, the CBIC has urged shipping lines to waive detention and demurrage charges till April 10

Issues faced during customs duty payment to be resolved soon: CBIC

The Central Board of Indirect Taxes (CBIC) on Monday said the difficulties being faced by traders in paying customs duties in the newly launched upgraded duty payments systems will be resolved at the earliest. In a tweet, the CBIC said it has noted difficulties being faced by members of the trade in making duty payments over the customs automated system. An upgraded and modern system of payment is live since April 1. "Our technical teams are working overtime to fix some teething issues and the problems being temporarily noticed will be resolved at the earliest," the CBIC tweeted.

FSSAI warns traders, FBOs against using calcium carbide for ripening fruits

Food regulator FSSAI has warned traders, fruit handlers and food business operators (FBOs) not to use prohibited calcium carbide for artificial ripening of fruits and said strict actions will be taken against the users. The regulator asked them to use approved material like ethylene in a proper manner. In a statement, Food Safety and Standards Authority of India (FSSAI) said it has already prohibited the use of calcium carbide also known as 'Masala' as a ripening agent for artificial ripening of the fruits as per the provision in sub-regulation of Food Safety and Standards (Prohibition and Restrictions on Sales) Regulation, 2011. Acetylene gas released from calcium carbide is equally harmful to handlers, it said. "It has been brought to the notice of FSSAI that the traders/handlers are still indulging in use of prohibited material i.e. calcium carbide or are using the approved sources of ethylene gas in an incorrect manner like dipping the fruits in ripening agent solutions which m

RBI possibly buying dollars in spot, paying forwards via PSBs: Traders

The Reserve Bank of India (RBI) was possibly buying dollars in spot and paying in forwards via public sector banks on Thursday to mop up foreign currency inflows, three traders told Reuters

India must limit H1 bond sales to 55% of annual goal, say traders

India aims to borrow gross Rs 15.43 trillion ($187.85 billion) through a sale of bonds in the next financial year beginning April 1, up from the Rs 14.21 trillion raised this year

Govt to bring retail trade policy to promote ease of doing biz: Official

The government is working to bring a national retail trade policy for brick and mortar retail traders with an aim to promote ease of doing business, a senior official said on Monday. Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that the policy would also help in providing better infrastructure and more credit to traders. The Department, he said, is also working to bring an e-commerce policy for online retailers. "We want that there should be synergy between e-commerce as well as retail traders," Sanjiv said at a conference on FMCG and e-commerce here. The Department is also in the process of formulating an insurance scheme for all the retail traders. The accident insurance scheme would particularly help small traders of the country, he added. "The government is trying to do policy changes not only in e-commerce but national retail trade policy which will be for physical traders which will be introducing ease of doing business,

Counting on RBI support, offshore investors build rupee crosses positions

The rupee will hold up better in an environment where the dollar is likely to receive support from the hawkish U.S. Federal Reserve, they said

Salaried employment rises in Gujarat

This upward trend in salaried employment is certainly a cheery outcome for Gujarat as it suggests an improvement in the quality of jobs in the state

The real gainers from F&O 'casino'

Whether they make or lose money, traders have to incur transaction costs, including brokerage, exchange fees, turnover fees, and securities transaction tax, etc.

Sebi study suggests 89% retail traders in equity F&O suffered losses

Sebi on Wednesday said it will soon issue guidelines on additional risk disclosures required to be made by brokers and exchanges to investors as its study suggested that every 9 in 10 individual traders in the equity F&O segment suffered losses in FY 2021-22. The findings, part of a study conducted by the regulator under the supervision of a working group, analysed the trading by individual investors with regard to net profit or loss encountered by them in the equity F&O (Futures & Options) segment for the period FY19 and FY22 only. The study is based on a sample of all individual clients of all the top-10 stock brokers, accounting for 67 per cent of the overall individual client turnover in the equity F&O segment during FY 2021-22. It revealed that 89 per cent of the individual traders (9 out of 10 individual traders) in the equity F&O segment incurred losses, with an average loss of Rs 1.1 lakh during FY22. Moreover, 90 per cent of the active traders incurred ...

Traders can get licence online for serving food in open area in MCD areas

People can now get an MCD licence to serve food in the open or on terrace applying online, officials have said

T+1 transition's final leg litmus test for foreign investors' heavyweights

Industry experts are of the opinion that the success of the T+1 settlement cycle will hinge on institutional traders -both foreign as well as domestic

Repeated implementation of GRAP III curbs delaying projects: CTI to CAQM

The Chamber of Trade and Industry (CTI) has written to the Commission for Air Quality Management (CAQM), saying repeated implementation of curbs under Stage III of the Graded Response Action Plan has delayed projects and affected labourers. The Centre's air quality panel had invoked restrictions under Stage III of GRAP including a ban on private construction and demolition work on December 30 in view of a spike in air pollution. The commission revoked the curbs on Wednesday but reimposed them on Friday due to frequently changing air quality scenario. On Sunday, the CTI wrote to the panel that traders associated with under-construction projects are very upset due to repeated implementation of curbs under Stage III of GRAP and the work is getting delayed. Besides, the livelihood of the labourers has also been affected, CTI Chairman Brijesh Goyal and president Subhash Khandelwal said. They urged the CAQM to give relaxations to private construction works under Stage III of GRAP.

Traders demand rollout of robust e-com policy, formation of regulator

Referring to observations of Parliamentary Committee on Finance, traders have demanded the government to immediate roll out a robust and strong e-commerce policy, formation of a regulatory authority

Traders associations in Delhi ask shop owners to follow Covid norms

Many trader associations across Delhi have asked shop owners to wear masks, use sanitisers and follow social distancing norms amid concerns over the surge in Covid cases in some countries. Fearing that the possible surge here will impact their business yet again, some of these associations have also called meetings to discuss their future course of action. Amid a spike in cases in Japan, South Korea, Brazil, China and the US, the the Centre has urged all states and Union Territories to gear up the whole genome sequencing of positive samples to keep track of emerging variants. Officials had earlier said that the Delhi government is keeping a watch on the COVID-19 situation and the chief minister has directed the health department to ensure genome sequencing of samples and take other steps needed to meet any eventuality. Ashok Randhawa, president of the Mini Market Association at Sarojini Nagar, said shop owners have been asked to start taking precautions by wearing masks and regular

Traders stage protest after stone pelting incident on India-Nepal border

India has reportedly closed a suspension bridge connecting Nepal since early Monday morning, following Sunday's stone-pelting incident on the Indian workers by the Nepalese at the Indo-Nepal border

Amazon's Black Friday: Several Indian trade unions to join protests

The campaign is being coordinated by an international coalition of trade unions, with the support of environmental and civil society groups

Cotton exports stall as farmers delay sales hoping for higher prices

The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world's biggest producer of the fibre

Lula da Silva's efforts to boost spending in Brazil rattles markets

On the campaign trail, Luiz Incio Lula da Silva promised to sustain a massive welfare programme, increase the minimum wage and boost health and education spending. Now, Brazil's president-elect is trying to make good on those pledges -- and investors are showing concern. Da Silva's transition team on Wednesday night presented Congress with an outline of a proposal to skirt a constitutionally imposed spending cap by creating a carve-out for welfare. Then, at the climate talks in Egypt on Thursday, he reiterated that he pays little heed to whether his plans to lead a socially responsible government might cause jittery speculators to sell off. When trading opened on Thursday, Brazil's currency slid to its weakest level against the dollar since July and the benchmark Bovespa stock index fell more than 2.5 per cent, before trimming losses hours later. Traders have begun pricing in interest-rate hikes next year rather than cuts, as da Silva's proposal "confirmed (fiscal) risk that before .

Delhi traders urge buyers to return to markets for Diwali shopping

Attractive discount schemes, lucky draws, selfie points and food stalls, markets in the national capital are trying every trick in the book to bring back buyers this Diwali. Markets across the city have been decked up with bright lights, while traders are running campaigns on social media to urge people to visit instead of shopping online, a traders' organisation said. The Chamber of Trade and Industry (CTI) Chairman Brijesh Goyal and President Subhash Khandelwal urged consumers to visit markets with their families. "Bring back the radiance to the markets, light the lamp of enthusiasm in the city markets. Avoid online shopping. The fun of shopping is at the shop, not on the screen," Goyal said. Selfie points and food kiosks have been set up, discount schemes and lucky draw coupons introduced to attract customers to the markets, Goyal said. The CTI is also appealing to shoppers through Facebook, Twitter and WhatsApp, urging them to go to the markets instead of relying on e-commerce