Photo: India Today
Rupee Gains By 10 Paise, Stands At 82.06 Against US Dollars
The rupee gained 10 paise to 81.96 against the US dollar in early trade on Wednesday tracking the weakness of the American currency in the overseas market. In addition, the Forex traders said significant foreign fund inflows and easing crude oil prices supported the local unit. Moreover, the domestic unit opened at 82.06 against the dollar and rose to 81.96, registering a gain of 10 paise over its previous close.
Tags: Stock market, Indian Rupee, US Dollar, GAIN, Traders
Courtesy: Press Trust of India
Photo: The Economic Times
Money Laundering Laws Applies To Crypto Trading: GoI
In a setback to Indian bitcoin traders, India’s money laundering laws will now apply to trade in cryptocurrencies, said the federal government. In a notification dated March 7, the Government of India said, "The exchange between virtual digital assets and fiat currencies, the exchange between one or more forms of virtual digital assets and the transfer of digital assets will be covered under money laundering laws."
Tags: Cryptocurrency, Indian government, MONEY LAUNDERING, Notification, Traders
Courtesy: The Indian Express
Photo: Indus Scrolls
Traders Association Request Year-Long Transition Phase To Abide With Ban On Single-Use Plastics
Confederation of All India Traders (CAIT) on July 3 requested Union Environment Minister Bhupender Yadav a one-year grace period to abide by the ban on single-use plastics that went into force on July 1. It offered suggestions in order to safeguard those working in the industry. An abrupt prohibition might hamper multiple economic operations in several sectors, according to the leaders, and a phased implementation method is required.
Tags: Traders, Single use plastic, Banned, Union Environment Minister, CAIT
Courtesy: India Today
Photo: The Times Of India
Hyderabad's Numaish 2022 To Resume In Feb End As COVID Cases Decline
Hyderabad's Annual fair "Numaish" will reopen from February. Started in January, the All India Industrial Exhibition was shut down due to COVID-19 third wave. However, as the cases are declining, the fair is expected to resume for the usual 40-45 days, which would see traders with various products from across India. As per sources, the organisers will resume the fair from February 20-25. However, government nod is awaited.
Tags: Numaish 2022, Traders, Hyderabad, telangana government, Annual Fair
Courtesy: India Today
Photo: India Today
Kolkata Civic Body To Start Vax-On-Wheels To Reach Out Traders In Market
The Kolkata Municipal Corporation is planning to introduce mobile COVID vaccination centre which will jab people, particularly traders and employees who lack time to visit vaccination centres. KMC official and state health minister Firhad Hakim said busses will drive to market places starting with Posta area in Burrabazar. Owing to rising demands of traders, the joint initiative of civic body and transport department will provide on the spot… read-more
Tags: kolkata municipal corporation, vax-on-wheels, COVID-19 outbreak, Covid-19 Vaccination centre, Traders
Courtesy: The Times of India
Photo : WhatsHot
Indian Mangoes To Be Absent From US Markets For Second Year In A Row
US markets will not sell Indian mangoes, for the second year in a row, owing to the government's inability to roll out a solution for the export problem this year. Moreover, before exporting mangoes, a US phytosanitary inspector has to monitor pre-clearance activities which was not arranged due to the pandemic. According to mango traders, the break has put a halt to the consistent growth of their business.
Tags: Mangoes, Traders, Exports, United States, Mango Export
Courtesy: Indian Express
Photo: News18
Centre Directs ED, RBI To Take Action Against Etailers
Based on the complaints made by Confederation of All India Traders (CAIT), the Commerce Ministry has directed the Enforcement Directorate and Reserve Bank of India to take necessary action against e-commerce websites. The websites include renowned etailers like Amazon and Flipkart, that are alleged to have violated several rules of FDI like policy deal, manufacturing, and Foreign Exchange Management Act, 1999 (FEMA). Besides, it accused the… read-more
Tags: Commerce ministry, Amazon, Flipkart, Traders
Courtesy: The Times of India
