According To Best Commodity Tips
Provider Today, commodity market nervous before Trump's speech in America.
There is pressure from the upper level in gold, silver is also weak. Crude oil
is also running sluggish business.
The big news here is
that not only the Chinese companies, but the non-Chinese companies will also
get a soft loan on applying ethanol plants. According to the exhaustive
information given to Rudra Investment, the proposal to give soft loans of about
Rs.12,000 crore to sugar and non-Chinese companies is likely to be approved
tomorrow from the cabinet.
The Ministry of Food has approved this proposal.
Draft related to it has been sent to the cabinet.
It is possible to
approve this proposal in the cabinet meeting this evening. Now, non-Chinese
companies will also get a soft loan to make ethanol directly from molasses.
Interest on loan will be exempted up to a maximum of 5% per annum. Interest
will be available for 5 years. For this, a soft loan of about Rs 12,000 crore
is proposed. There is a proposal to provide 1300 crore interest subsidy.
Best Commodity Tips
Provider Investment advice
Coriander NCDEX
(April Futures): Sell - 6570, Target - 6480, Stop loss - 6620
Castor Seed NCDEX
(March futures): Buy - 5110, Target- 5060, Stop loss - 5060
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.