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NSEL modifies commodities contracts as per law

Posted on 24 July 2013

The National Spot Exchange Ltd (NSEL) said it will not offer contracts where settlement and delivery of commodities is done beyond 11 days, a move that comes after the Centre ordered the bourse not to launch new contracts following violation of certain rules.
Last week, the Consumer Affairs Ministry had asked the exchange not to launch any new contracts till further instructions and also sought undertaking from the NSEL in this regard………………………………………..Full Article: Source


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