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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.

'Commodity trading is not responsible for price rise'

Commodities are not responsible for price rise. It is demand and supply scenerio which causes inflation.

Indian gold premiums dampen physical demand

Commodity Transaction Tax (CTT) should be withdrawn so that the volumes can be brought back on the exchanges.

FMC asks investors to live with CTT; proposes reforms

Amid sharp fall in trade volumes after imposition of CTT, commodity markets regulator FMC today said there is no thinking on reversing this tax, but several reforms are being considered to encourage participation.

Jaypee gets FMC nod to sell 5.30% stake in NCDEX to Oman India

Brokerage firm Jaypee Capital Services Ltd has got permission from regulator FMC to sell its 5.30 percent stake in the agri-commodity exchange NCDEX to Oman India Joint Investment Fund.

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 hopeful of relaunch of guar futures in one month

Commodity bourse NCDEX on Thursday said it has applied for relaunch of guar futures contracts and is hopeful of getting regulator FMC's nod within a month.

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".

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.