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FMC awaiting FCRA bill approval to strengthen regional bourses

Posted on 27 January 2009

From Hindu.com: Commodity market regulator FMC is awaiting the passage of FCRA amendment bill to strengthen and reform regional exchanges whose falling turnover has become a major cause of concern.

“We are looking forward for the amendment of the Forward Contract Regulation Act (FCRA) 2006. Once the bill is passed, we will have more powers to strengthen regional commodity exchanges,” Forward Markets Commission (FMC) Chairman B C Khatua said….. Full Article: Source


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