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1.The National Commodity and Derivatives Exchange (NCDEX) on Tuesday launched Agri Futures Index, which traded a total of 418 lots and Rs 21 crore volume on the first day.
https://www.moneycontrol.com/news/india/ncdex-launches-agridex-trades-418-lots-rs-21-crore-volume-on-first-day-5318041.html
2.The global gold market has been turned on its head by the novel coronavirus, with demand in China and India collapsing due to lockdowns while in the West investors rushed to buy bullion as Swiss exports of gold to the United States leapt to 111.7 tonnes in April — by far the biggest monthly total on record
https://in.reuters.com/article/swiss-trade-gold/u-s-imports-record-amount-of-gold-from-switzerland-as-virus-upends-trade-idINKBN2321H9
3.With the Covid-19 pandemic crippling collections of states, their GST (Goods & Services Tax) requirement is projected to swell to Rs 4.1 trillion in this fiscal, equivalent to 2.1 per cent of the country’s estimated GDP.
https://wap.business-standard.com/article/economy-policy/states-gst-compensation-requirement-to-swell-to-rs-4-1-trn-in-fy21-120052601322_1.html
6.Fitch ratings, CRISIL, and SBI Research have drastically cut India’s economic growth forecast in the current fiscal year due to a prolonged Lockdown.
https://www.business-standard.com/article/economy-policy/fitch-ratings-crisil-sbi-research-see-india-economy-shrinking-in-fy21-120052700029_1.html
7.Discoms will get only short term benefit from the 90 crore package says IndRa
https://www.livemint.com/industry/energy/rs-90k-cr-package-to-provide-only-temporary-relief-to-discoms-indra-11590499139822.html
8.Kotak Mahindra Bank launches QIP to raise up to ₹7,500 crore
https://www.livemint.com/industry/banking/kotak-mahindra-bank-launches-qip-to-raise-up-to-rs-7-500-crore-11590494302605.html
9.Reliance Industries planning for overseas listing of Jio Platforms
https://www.livemint.com/companies/news/mukesh-ambani-may-consider-overseas-ipo-for-jio-platforms-11590502364713.html
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