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Why was the ban on agri-commodities trading extended? -Subramani RA Mancombu

-The Hindu Business Line The extended ban has affected the turnover of commodity exchanges * What are the agri commodities in which futures trading has been banned by SEBI? SEBI has banned futures trading in seven agri commodities, including the derivatives of two produce. The banned commodities are non-basmati paddy, wheat, chana (Bengal gram), mustard seed and its derivatives, soyabean and its derivatives, crude palm Oil and moong (green gram). * Why were they...

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Every litre of ethanol needs 2,860 litres of water. And yet, India wants to produce a lot more of it -Supriya Vohra

-Scroll.in The government wants to reduce its dependence on imported crude Oil by producing more ethanol-blended petrol. While India is making a push for ethanol-blended petrol, by incentivising sugarcane-derived ethanol, concerns remain about the water-guzzling nature of the sugarcane and fair remuneration for farmers. On November 2, the Centre, as part of its Ethanol Blending Programme, approved a higher price for ethanol that is derived from different sugarcane-based raw materials. This was done...

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Raj govt preparing plan to distribute food kits to poor: CM Ashok Gehlot

-PTI/ Business Standard Jaipur: Rajasthan Chief Minister Ashok Gehlot said on Wednesday said his government is preparing a plan to distribute food kits to people from the economically weaker section. "In order to provide relief to the people of Rajasthan from the impact of inflation and to reduce the cost of kitchen, the state government is conducting studies on various aspects," Gehlot told reporters in Dausa. Later, in a tweet, Gehlot said, "A...

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Centre cuts windfall tax on domestic crude Oil by 65%

-PTI/ The Telegraph    The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday New Delhi: The government has slashed the windfall profit tax levied on domestically-produced crude Oil as well as on export of diesel and ATF following a drop in global Oil prices, according to an official order. The levy on crude Oil produced by companies such as Oil and Natural...

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Rabi season prospects

-Financial Express Higher sowing augurs well for bountiful wheat and Oilseed production The resilience of India’s agricultural sector has been a positive factor in the India growth story. During the ongoing rabi season, the average area sown for wheat is up by 25%, to 25.5 million hectares as of December 9, from a year earlier. Area under Oilseeds, too, is at record levels. All of this augurs well for bumper rabi crops...

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