Bangladesh, India finalising first bilateral rice deal in 3 years: Report


is finalising a purchase of 150,000 tonnes of rice from India’s NAFED, the New Delhi-based state agency told Reuters, in what would be the first such bilateral deal in three years after floods in sent local prices to a record high.


India, the world’s biggest rice exporter, is offering a steep discount to supplies from rivals Thailand and Vietnam to cut its surplus after a bumper harvest.



“We are negotiating with Bangladesh,” said a spokesman for NAFED (the National Agricultural Cooperative Marketing Federation of India Ltd). “NAFED is in a position to supply up to 500,000 tonnes rice to


A senior official with Bangladesh’s food ministry said they could buy 100,000 tonnes of parboiled rice and 50,000 tonnes of white rice under a government-to-government deal.


India could sell parboiled rice at around $407 and white rice at around $417 per tonne on a cost, insurance and freight (CIF) liner out basis, an Indian government source said. The rates are about a third cheaper than those from Thailand and Vietnam.


The entire shipment is likely to be made in the first quarter

Read More

Councillor in Bateman upset | Business News

Melville councillor Matthew Woodall has beaten former parliamentarian Matt Taylor, and Sky News commentator Kristy McSweeney, to win local preselection as the Liberal candidate for Bateman District.

Mr Woodall was elected as a City of Melville councillor in 2015, and served a term as deputy mayor.

He has worked as a commercial lawyer.

The Liberal Party WA announced the result on Twitter on Wednesday night.

If the local preselection’s recommendation is ratified by the party’s state executive, Mr Woodall will succeed former shadow treasurer Dean Nalder as the Liberal candidate in the seat.

Mr Nalder announced his retirement as member just weeks ago following an unsuccessful tilt at the party’s state leadership.

Bateman is seen as a safe Liberal seat for the state election due in March.

Mr Woodall was in a field of six candidates.

Mr Taylor had served a term as member for Bateman District from 2013 to 2017, but lost a preselection for the seat when it was redistributed to include large parts of Alfred Cove District, Mr Nalder’s former seat.

He then contested Bicton District in 2017, but the election that year was a wipeout loss for the WA Liberals.

Mr Taylor

Read More

Dish TV may have to pay over Rs 185 crore in past dues: Sources

Their total dues and debt in the firm will now go up to Rs 2,500 crore, leaving them with no option but to raise liquidity, according to sources

Topics
Dish TV | Essel Group


will have to fork out over Rs 185 crore in past dues towards licence fee as a result of the Cabinet decision, said sources close to the


Their total dues and debt in the firm will now go up to Rs 2,500 crore, leaving them with no option but to raise liquidity, according to sources. They will have to explore multiple options to do so, so that the business survives and can face com­pe­tition.



A spokesp­erson from the declined to comment.



Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue

Read More

Financial New Year’s Resolutions for small business owners

The first thing on any business’ New Year’s to do list is getting their finances organised for the upcoming year.

Whether it’s preparing to expand your workforce or scale your business, every company wants to make this year their best.

Tax expert and Director of Online Tax Rebates, Tony Mills, provides actionable advice to help you manage your business’ finances better in 2019.

Stay on top of cash flow

Managing cash flow is one of the basic principles of doing business but it’s actually one of the biggest cause offailing SMEs.

It may sound obvious but keeping an eye on your finances means you can spot any potential cash flow issues before they arise and figure out how to manage them. Be clear with clients on payment terms – it’ll help you forecast cash flow, so you’re never left short. Also, consider adding late payment charges as an extra level of insurance for your business.

Managing books doesn’t have to be the arduous manual task it used to be. There are plenty of online resources available to help you plan your finances. Accounting software gives you a wider view of your financial future to make planning for the

Read More