Call to weed out parallel commodity futures contracts
There is an urgent need for a corrective action from the government to properly enforce and systematically weed out parallel futures contracts in operations, said Mr Shvetal Vakil, general manager, Hindustan Lever Ltd.

Textile ministry to impose price cap on silk garments
Government is believed to have decided to impose a price cap of Rs 750 a piece on silk garments for exports for the purpose of tax benefits of 15% under the Duty Entitlement Pass Book (DEPB) Scheme.

Precious metals bearish; oilseeds show weak trend
Both the precious metals suffered fresh setback on the bullion market here. Standard gold fell by Rs 15 at Rs 4,535 per 10 gm. Gold .22 carat slipped by same margin at Rs 4,195 per 10 gm.


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