Page 7 - Warehousing Development News Today

Hon’ble Speaker, I present the Budget for the year 2021-2022. 1. Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. 2. When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction. 3. W...

Budget 2021 | SEBI assigned new responsibility as Gold Spot Exchange regulator In the budget of 2018-19, the government had announced its intent to establish a system of regulated gold exchanges in the country. For this purpose, SEBI will be notified as to the regulator. For warehousing purposes, the government has appointed Warehousing Development and Regulatory Authority as a regulator. February 01, 2021 / 05:53 PM IST Finance Minister Nirmala Sitharaman has increased the responsibility ...

Union Budget 2021: Here is Full Text of Nirmala Sitharamans Address at the Parliament FOLLOW US ON: Introduction Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. RELATED NEWS When I presented the Budget 2020-21, we could not have imagined that the global economy, already...

The onus to regulate the proposed exchange for spot gold has fallen on the Securities and Exchange Board of India. The statutory body currently regulates the equities market along with commodity futures market. “In the budget of 2018-19, government had announced its intent to establish a system of regulated gold exchanges in the country. For the purpose, Sebi will be notified as the regulator and the Warehousing Development and Regulatory Authority (WDRA) will be strengthened to set up a co...

 2 Finance minister (FM) Nirmala Sitharaman announced that the Union government will launch a unified ‘Single Securities Market Code’ in order to streamline the market. While presenting the Union budget for FY21-22, the FM said that market regulator Securities and Exchange Board of India (SEBI) will be notified as the regulator for a gold exchange. Furhter, the government would create a permanent institutional framework for purchasing investment-grade debt securities.    The unified ‘S...

Explore Now All three markets – equity, currency and bonds – have given one of the highest post-Budget thumbs up. While this was primarily because of the many changes proposed going forward, it is also because of a host of changes which did not find place in the Budget and would have been dampeners. It is indeed a carefully thought through and meticulous Budget, envisioning solutions for a number of major issues. It is also aggressive in its approach of funding through one of the highest fi...

Highlights Budget went paperless this time. Budget session will be held in two phases Jan 29 to Feb 15 and March 8 to April 8. New Delhi: Finance Minister Nirmala Sitharaman while presenting the Union Budget 2021-22 in Parliament on Monday announced that the government will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationalissed single Securities Markets Code. The Government will s...

Budget 2021 | Changes in customs duty may affect commodity prices: Ravindra Rao of Kotak Securities For the commodities market, there has been no change in commodities transaction tax. We have however seen few changes in customs duty which may affect commodity prices. gold_silver_bars Indian government announced its annual Budget today, February 1, and the general positive reaction in the equity market and stable Indian rupee indicated that market players have reacted positively. As for the com...

Amid the ongoing farmer protests at Delhis borders against the three farm Acts, a discussion paper presented at a National Dialogue on Indian Agriculture in 2030, organised by NITI Aayog and Food and Agriculture Organisation (FAO), has said that farmers need to be paid on the same day either in cash or electronically before the delivery of their produce in a trade area (which is classified as an area outside the jurisdiction of a regulated APMC under the new acts) to lower the possibility of d...

Exploring solutions to deadlock on farm laws Strengthening Grameen Agriculture Markets under panchayat control and making them work like APMCs merit attention The ongoing agitation by the farmers of Punjab, which is supported by other farm unions, is unparalleled in terms of the sheer number of people participating and the number of days it has been going on. The Supreme Court has asked the Centre to put on hold the new farm laws and address the issues raised by the farmers before actively oper...