| India’s six national and 18 regional commodity futures exchanges are a crowd and not just pose a regulatory challenge but also raise the prospect of some going bust, although they boast of unprecedented growth.
The total turnover of all these exchanges was a record Rs174 trillion in 2011, up 66% from a year ago, data from industry lobby group Assocham shows, but underneath the surface is a story of stiff competition, undercutting of fees, absence of actual users and the spectre of taxation and curbs...............................................Full Article: Source
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