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India: Assocham bats for allowing banks as intermediaries in commodities futures market

Posted on 10 February 2012

To increase the penetration of savings instruments and upgrade financial literacy in rural areas, industry body Assocham on Thursday called for permitting banks as intermediaries in commodities futures market so that economic benefits of development spread beyond urban pockets.
Though the country has a high savings rate, the participation of urban population with high incomes in agricultural segment is minimal due to lack of suitable investment opportunities and absence of credible intermediaries dealing with agri-based investment products………………………………………..Full Article: Source


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