Chanakya Commodities Consultants Pvt Ltd

06/07/2023

04/06/2022

30/07/2020

"One should not pursue goals that are easily achieved. One must develop an instinct for what one can just barely achieve through one's greatest efforts." —Albert Einstein

29/11/2019

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21/05/2015

The Indian rupee gained the most in a week against the dollar, as foreign banks sold the greenback amid a global weakness in the U.S. currency after the Federal Reserve indicated it is unlikely to raise interest rates in June. The rupee ended at 63.64 to a dollar today, its biggest single-session gain since May 14, from the previous close of 63.82. It moved in a 63.62-63.75 range. State-run lenders’ buying of the dollar through the day, however, kept the local currency in a narrow range.

01/04/2015

NCDEX Exchange increases transaction tax; reduces risk management fee

In an attempt to increase agri futures' turnover and hedging' participation, the National Commodity and Derivatives Exchange has announced
a reduction on risk management fees. Exchange has imposed effect different on commodities diversifying into two parts List A & List B

The transaction charges are revised, with effect from April 01, 2015 as under

List A : Up to Rs.100 crore (Avg Daily Turnover) - Rs. 3.50/ Lac
LIST A : On incremental ADTV above Rs.100 crore Rs. 2.50/ Lac

List B: Up to Rs.50 crore Rs. 1.25 / Lac
List B: On incremental ADTV above Rs.50 crore Rs. 1.00/ Lac

The Risk Management Fee is revised to Rs. 4/lakh on the value of every fresh overnight open interest position created in contracts of those commodities categorized as

List “A”commodities

List A Includes :
BARLEY
CASTOR SEED (10 MT)
CHANA
CHILLI TEJA
COTTON SEED OIL CAKE
CORIANDER
GUAR GUM
GUAR SEED (10 MT)
JEERA
V797 KAPAS
KHARIF – MAIZE – FEED /INDUSTRIAL GRADE
RABI - MAIZE – FEED / INDUSTRIAL GRADE
RAPESEED MUSTARD SEED
SHANKAR KAPAS
SUGAR M GRADE
SUGAR S GRADE
SOY BEAN
REFINED SOY OIL
TURMERIC
WHEAT

& List B Includes :
BAJRA
CASTOR SEED (2MT)
CHANA (2MT)
COPPER
29 MM COTTON
CRUDE PALM OIL
LIGHT SWEET CRUDE OIL
GOLD
GOLD HEDGE 100 GRAMS
GOLD HEDGE
GUAR SEED (2MT)
RAPESEED MUSTARD SEED (2MT)
SILVER
SILVER HEDGE 5 KGS
SILVER HEDGE
STEEL LONG (BIS 2830)
SOY BEAN (2MT)

01/04/2015

Govt allows duty-free chana import for further 6 months till Sep 30

The government today extended the duty-free import of chana for six months till Sep 30. The decision was notified on the Central Board of Excise and Customs website.
The government was considering the extension of zero import duty on pulses as output is expected to be lower this year while demand has remained upbeat.
Output of chana, the largest pulse crop in India in 2014-15, is expected to drop 15%-16% to 5.56 - 5.60 mln tn
Imports of pulses are estimated at 4.3-4.5 mln tn in 2014-15 due to lower local output.

28/02/2015

BUDGET HIGHLIGHTS
1. Corporate tax decreased from 30 to 25%
2. Tax free infra bonds for rail, road and irrigation
3. Service Tax increased to 14% from 12.36%
4. Excise increased to 12.5%
5. Capital gains decreased on Real Estate Investment Trust
6. Health insurance deduction increased to 25000 from 15000
7. Deduction of Rs.30000 for medical expenses to senior citizens
8. Separate deduction for investments into pension fund u/s 80 CCD
9. Transport allowance increased from Rs. 800 to Rs.1600
10. GEAR differed for 2 yrs
11. Wealth Tax Abolished
12. FMC commodity regulator to merge into SEBI regulator.