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India: “Ban futures trade in essential commodities”

Posted on 03 March 2011

From Business-standard.com: A working group on consumer affairs, led by Gujarat Chief Minister Narendra Modi, has recommended a ban on futures trading of essential commodities to combat rising food prices. This, along with 19 other recommendations, is part of a report submitted to Prime Minister Manmohan Singh on Wednesday.

The Modi Committee Report laid out 20 recommendations with 64 detailed actionable points for the government to combat inflation. The report has suggested setting up of a Price Stabilisation Fund by the central government to help the state government for procurement and distribution of essential commodities in short supply…………………………………….Full Article: Source


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