close
This ad will auto close in 10 seconds

Commexes' turnover dips by 39% in FY'15 due to CTT

The turnover of Indian commodity exchanges dropped 39 percent to Rs 61.68 lakh crore last fiscal due to higher transaction costs and decline in prices of bullion and metals.

Govt exempts another 38 agri items from commodity tax

Government has exempted 38 more agriculture items from the ambit of the Commodity Transaction Tax (CTT), which was imposed in July 2013.

MCX attains highest market share since Oct 2013

The bourse, meanwhile, maintained its market share in non- agricultural commodities above 99 percent since Q2 2013-14.

MCX Gold Aug 2014 contract sees highest delivery of 1,100 kg

Multi Commodity Exchange of India Ltd (MCX) on Wednesday said it has witnessed highest delivery of 1,100 kg in the MCX Gold August 2014 contract over the last one year.

Commexes' Q1 turnover dips 65%: FMC

The turnover of commodity exchanges fell sharply by 65 percent to Rs 14.55 lakh crore in the first quarter of this fiscal due to poor volumes in most commodities, the Forward Markets Commission (FMC) said.

NCDEX hikes transaction charges on agri-commodities

Leading agri-commodity bourse NCDEX has hiked transaction charges on agri-commodities effective this month, a move which experts say is aimed at improving the financial viability of the exchange that has taken a beating due to falling trade volumes.

Commexes turnover fall 59% during Jan 1-15

The turnover of 17 commodity bourses fell by 59 percent to Rs 2.82 lakh crore in the first fortnight of this month, with maximum decline in business seen at MCX, ACE and ICEX.

Commexes' turnover dips by 42% due to CTT in July 1-15

The turnover of these commodity bourses stood at Rs 7,08,342 crore during the June 16-30 period, the immediate fortnight before the introduction of CTT.

Industry seeks CTT exemption on veg oils

Vegetable oil industry body SEA has sought that the government keep processed agri-items, especially soybean oil, palm oil and castor oil, out of the ambit of commodity transaction tax (CTT).

NCDEX to seek scrapping of CTT on processed foods

Leading agri-commodity exchange NCDEX will soon approach the Finance Ministry seeking abolition of the commodity transaction tax (CTT) on processed food items such as coffee, guar gum and sugar, a top official said on Wednesday.

CTT hits turnover of MCX, NCDEX by up to 50% on first day

CTT of 0.01 percent has been made effective from July 1 on the futures trading of non-agri commodities and processed foods.

NCDEX hails CTT notifications; sees limited impact on it

NCDEX, the country's leading agri-commodity exchange, Thursday welcomed the notification on Commodity Transaction Tax (CTT) saying the levy would have a limited impact on the bourse as 23 farm items have been exempted from this tax.

FinMin to notify CTT soon; processed food may attract tax

Finance Ministry will soon notify the Commodity Transaction Tax (CTT) on non-agricultural items like gold and silver and is likely to bring some processed food items under the tax ambit.

MCX to make representation before FMC on CTT

Commodity exchange MCX Friday said it will make representation to various authorities including market regulator FMC to reconsider imposition of commodity transaction tax (CTT) on non-agri items in Budget.

CTT on non-agri futures a discriminatory move, says industry

Led by country's biggest commodity bourse MCX, the industry on Thursday strongly opposed the imposition of CTT on non-agri futures trade cautioning that the "discriminatory" move will result in shifting of trade to global market, but rival NCDEX struck a different note by stating it will "strengthen agricultural futures".

Union Budget 2013: 0.01% transaction tax on non-agri futures trade

In a major set-back to commodity exchanges, Finance Minister Chidambarm Thursday proposed a transaction tax of 0.01 percent on non-agri futures traded on the bourses.

Commodity Transaction Tax: Why it is a bad idea

It is Budget time and the issue whether the Commodity Transaction Tax (CTT) should be imposed has cropped up again. Even as the government mulls over the contentious tax proposal, the idea has been vehemently opposed by all sides.

CTT: Bourses fear Rs 150-tn business loss to dabba trade

The overall commodity derivative trade in the country is estimated to clock a total volume of Rs 170 lakh crore in the current fiscal ending next month, out of which more than Rs 150 lakh crore could shift to 'dabba' market, the exchanges fear.