09.10.2012 - India moves to strengthen commodity regulator
India’s government is proposing to strengthen the commodities market regulator, a move which could help boost the moribund trade in futures of agricultural products and metals. Until now, India’s government has refused to hand control to the regulator, which exists but must seek government approval before punishing rules violators. The government in the past has argued that it needed a large hand in overseeing trade in commodities, especially food products that people rely on as their staples. But the government’s role in the market has not stabilized prices. Meanwhile, the lack of an independent regulator – like the one overseeing India’s stock exchange – has put off large financial investors and stifled the development of a commodities trading business...............................................Full Article: Source
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