-Live Mint Information commission asks Sebi to disclose details of consent order proceedings, identities of entities involved Mumbai/New Delhi: The Central Information Commission (CIC) has directed India’s stock market regulator to disclose all details related to the insider trading case involving Reliance Petroleum Ltd (RPL) in 2007, in a move that could have a bearing on not just the functioning of the Securities and Exchange Board of India (Sebi), but also the...
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Wheat exports by private traders may be banned-Rituraj Tiwari & Madhvi Sally
-The Economic Times The government may ban wheat exports by private traders under open general licence despite having enough stocks to feed the country for two years due to concerns about high global prices and the drought-like situation back home that has triggered a 20% rise in wheat futures in a month. "There are chances that private traders may divert all the available wheat in the market -- released at subsidised rates...
More »India confirms drought as El Nino looms
-Reuters Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season. India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it...
More »EGoM on drought to meet on Tuesday to review monsoon situation
-PTI The Empowered Group of Ministers (EGoM) on drought will meet on Tuesday to review the monsoon situation, with the sowing of kharif crops, particularly coarse cereals, affected by a deficiency in rains. “I have planned EGoM on drought on coming Tuesday,” Agriculture Minister Sharad Pawar, who was recently made head of the EGoM on drought, told reporters. The EGoM is authorised to review the situation and take ”quick and timely decisions” on...
More »Food and consumer affairs ministry to curb speculation in Futures Trading-Rituraj Tiwari
-The Economic Times The food and consumer affairs ministry plans stern action to curb any speculative trading of grains in the futures market after an emergency meeting slated for later this week to review the price situation. Food and consumer affairs minister KV Thomas is taking a daily stock of prices as the country grapples with a below- normal monsoon. "After reviewing the situation in the futures market, we will send the...
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