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The NDS-OM is an electronic, screen based, anonymous, order driven trading system for dealing in government securities
Mumbai: The Reserve Bank of India (RBI) has introduced Internet-based platform for trading in secondary market of government securities for gilt account holders, reports PTI.
The web-based NDS-OM (Negotiated Dealing System-Order Matching) system module will facilitate buying and selling of government bonds or securities online to the gilt account holders (GAH).
The RBI had introduced the NDS-OM system in August 2005.
The NDS-OM is an electronic, screen based, anonymous, order driven trading system for dealing in government securities.
RBI said the web-based "module permits internet-based direct participation of gilt account holders in secondary market for G-secs."
The newly launched online trading platform is an additional facility to the existing system for trading by GAHs through primary dealers.
RBI further said that the access to the module will be subject to controls by the respective primary dealers.
GAHs are the non-NDS members who have gilt account and current account with the primary dealers.
Non-banking finance companies (NBFCs), provident funds, pension funds, mutual funds, insurance companies, co-operative banks, regional rural banks, trusts and corporates and individuals are the entities permitted by RBI as GAHs.
World coffee production is estimated at 138 million bags in 2011-12 coffee year (October- September), while that for 2012-13 is forecast at a record 148 million bags
New Delhi: Global coffee production is expected to rise by 7% to record 148 million bags in 2012-13 coffee year, beginning October 2012, reports PTI quoting the United States Department of Agriculture's (USDA) latest report.
World production of the brew is estimated at 138 million bags (of 60 kg each) in 2011-12 coffee year (October- September).
"World coffee production for 2012-13 is forecast at a record 148 million bags, up 10 million bags from the previous year," USDA said.
Half the gain is attributed to Brazil's Arabica crop entering the on-year of the biennial production cycle, while record Robusta harvests in Brazil and Vietnam are also expected to contribute to the growth, it added.
According to the International Coffee Organisation (ICO), the production prospects for 2012-13 crop year are considered to be good with significant production increases expected in Brazil in accordance with the biennial cycle for Arabica.
USDA has pegged production in Brazil at a record 55.9 million bags, up 6.7 million primarily to the Arabica trees entering the on-year of the biennial production cycle.
Vietnam's production is expected at a record 22.4 million bags, based on a combination of favorable growing conditions and an increase in fruit-bearing area, while, the output in Colombia is forecasted at 7.5 million bags, it added.
Coffee production in India is pegged at 5.1 million bags and in Indonesia it is forecasted at 9.7 million bags, USDA said.
In the other major growing areas, production in Central America is expected at 14 million bags and in Sub-Saharan Africa it is pegged to rise by nearly 1 million bags to 17.2 million, with half the gains attributed to Cote d'Ivoire and Ethiopia, it added.