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Recent Posts
A Tax Poem
I usually stay away from poems, they make me break out in spots, but this was a nice one :) Tax his land, tax his bed, Tax the table at which he's fed. Tax his tractor, tax his mule, Teach him taxes are the rule. Tax his work,...
Letter to Children
This is a letter written by India’s first prime minister, Jawahar Lal Nehru, to children on account of the National Children’s day. Worth reading. Dear Children, I like being with children and talking to them and, even more, playing ...
Private \'police\' provoke concern
This really pissed me off. I quote: The growing number of private security companies policing UK streets is a worrying development, senior police figures say. The Police Federation of England and Wales said there is "huge concern" over...
Is 35% a fair amount for charities admin cost?
No. I dont think so at all. For those who are tempted to give money to Oxfam, Christian Aid, Or the British Red Cross, know that more than 30 pence in the pound goes to non project expenses. Quite a high administrative expenditure there... ...
Banning Fatwa’s
HT John Burgess. This was interesting. I quote: JEDDAH – An undisclosed number of religious preachers have been barred from issuing fatwas during this year’s Haj due to the “extremist” nature of their rulings and “violations committe...
See some of these pictures and weep
Some heart rending photographs of women whose lives have been destroyed by men and acid. Click here to see the full list of photographs and their sad stories… Feel disgusted and horrified with the so called men who did this. May they ro...


Govt should freeze the transaction of NCDEX with immediate effect to reduce the rate of inflation.
Now these days business houses dealing in agri product in bulk Qty. are interested to do business on NCDEX this is the reason because they have to give margin money 7-10 % only . so they can do business in the volume of 10 to 15 times . their is also(1 )No inspector raj (2)No payment commercial tax on the business done on NCDEX. (3) their is no shortage in stock
(4) their is no storage/Godowns place are required
(5) their is no risk of bad debts involved in.
So the Big business house/ Retail chains like Big Bazaar are booking their requirement in NCDEX.
Now these days their is large fluctuation is also observed in steel Market and agri products these all are due to commodities exchange .due these exchanges labors are not getting sufficient work previously agri -products are stored in the godown of consumption center once goods is stored at consumption center this is not commercially viable to move other area this maintain the prices at that area and before the starting of NCDEx no such type of price fluctuation is observed .
I request concern Govt. authorities / Media reporters should thing in this direction also and make presser on govt. to close the transaction of NCDex (for the products which common man (consumers) use
VIJAY Goyal
RAIPUR ( Chhattisgarh)
Posted: May 13th, 2008 | Report This Comment