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Commodities Briefing - Categorized | Commodities Exchanges, Market Moves, Regulatory more

FCRA bill will push commodity market reforms: MCX

Posted on 05 October 2012

The clearance of Forward Contracts Regulation Act (Amendment) Bill 2010 by the Union cabinet today is a boost for the much-needed policy reforms in the Indian commodity market, MCX MD and CEO Shreekant Javalgekar said in a statement here.
Javalgekar said the bill, once passed, will bring the Indian commodity trade on par with global practices. The amended FCRA will not only strengthen the Indian commodity market regulator, but also pave the way for introduction of new tools for hedging and price risk management, facilitate better price discovery, and create Indian benchmark prices for commodities which are widely produced or consumed in India, he added………………………………………..Full Article: Source


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