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Front Page

Wednesday December 24th
. South Korean Scientists to Tie up with Magadh University (0 comments)

Tuesday December 23rd
. Bihar Becomes A Safer City (0 comments)
. Chatra to host Industrial Training Institute (ITI) (0 comments)
. Bihar Government To Build Homes For The Poorest (0 comments)

Monday December 22nd
. 105 kms Of Eastern Corridor In Bihar To Be Completed Within Three Years (0 comments)

Sunday December 21st
. Bengal, Jharkhand, Bihar Slip In e-Governance States In India:IDC-Dataquest (0 comments)
. Nitish Importing Officers From Outside To Manipulate LS Elections: Lalu (0 comments)
. Bihar Unaffected By Global Recession (0 comments)

Friday December 19th
. Ninad To Enchant Patnaites By Renowned Tabla Exponent Ustad Zakir Hussain (0 comments)
. Bihar Cricket Goes From Bihar Cricket Association (BCA) To Association of Bihar Cricket (ABC) (0 comments)
. My father studied at Jamalpur in Munger district: Anand (0 comments)
. State To Go For Medical Colleges Without Medical Council of India (MCI) Nod (0 comments)

Thursday December 18th
. Mobiles to keep track of Patna doctors (0 comments)
. North Bihar ill-Prepared For Quakes: Expert (0 comments)
. Anand Launches Chess Academy In State`Bihar Can Produce A Lot Of Champions' (0 comments)
. Bihar Cricket Association Registration Cancelled, Failure To Promote Cricket in State; Assets Frozen (0 comments)
. College of Commerce To Sign MoU With Korean Varsities To Promote Academic And Cultural Activities (0 comments)
. Job Guarantee Scheme Comes A Cropper In Bihar (0 comments)

Wednesday December 17th
. Layoffs Days In Global Meltdown ,6,500 Jobs On Offer for Biharis At Pvt Firms' Fair (0 comments)
. Tourists' Guide For Each District To Be Published Soon (0 comments)
. International Book Fair Likely Next Winter (0 comments)

Tuesday December 16th
. Nitish calls upon Police to change image (0 comments)
. Cabinet's Nod On Removal Of Temples From Roads (0 comments)
. Bihar Industrialists, Merchants Seek Special Package From Finance Commission (0 comments)
. Railways Request Bihar To Introduce Chapter On Railway Safety (0 comments)
. Bihar Govt Blacklists 75 B.Ed Institutions In India And Nepal to check a fake degree racket (0 comments)
. Patna To Host National Table Tennis Tournament From January 5 Lasting Till January 11 (0 comments)

Monday December 15th
. Bihar Keen On Implementing 6th Pay Commission (0 comments)
. World Bank Plan To Improve Standard Of Living Of Seven States, Including Bihar (0 comments)

Friday December 5th
. In View Of Unprecedented Waterlogging In During Monsoon, Six New Sump Houses To Come Up In City (0 comments)

Older Stories...

NCDEX Spot Exchange To Start For Commodity Trading In Bihar Along With 3 States

The newly formed NCDEX Spot Exchange Ltd will start spot markets for commodity trading in Bihar along with three states namely Maharashtra, Karnataka and Kerala in October, a top official said Saturday.

"In these states there is no need to acquire a license to trade in agricultural commodities and hence we will start the spot markets there first," R. Ramaseshan, managing director and CEO of NCDEX Spot Exchange, told reporters here.

NCDEX Spot Exchange, floated with an authorised capital of Rs.90 million and a paid up capital of Rs.500,000, is a wholly-owned subsidiary of the Rs.900 million National Commodity and Derivatives Exchange Ltd (NCDEX).

"If need be, we may invite a strategic investor who can add value to the business and offer equity stake in the NCDEX Spot Exchange," Ramaseshan added.

Click On "Full Story" For More..

By Tiwari, Section Business
Posted on Mon Jul 21, 2008 at 03:58:25 AM EST
The spot market will be a delivery market that will help farmers realise realistic prices for their produce.

"The current open outcry system prevalent in agricultural product markets is against farmers. On the other hand, an electronic exchange would help farmers know the prices at different markets and accordingly trade," he explained.

NCDEX Spot Exchange will start its operations in few commodities and later increase the number of tradable items.

According to Ramaseshan, necessary tie-ups have to be made for warehousing and assaying the quality of the commodities traded.

Source: IANS 20/July/2008

< Games Publicity Out Of Officials' Radar, In Rush To Complete Khelgaon, Stadium And Other Facilities | Bihar To Announce New IT Policy With Several Incentives For Firms Soon: Anil Kumar >

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