| The new regulator – SEBI or Warehouse Development and Regulatory Authority – should understand the aspiration of the market: National Bulk Handling Corpn chief. The merger of Forward Markets Commission and SEBI should throw up better business opportunity for commodity exchange and brighten the prospects of warehouses. Post-National Spot Exchange crisis, regulations on warehouses have been tightened and Sebi is expected to play a crucial role.
Anil Choudhary, Managing Director & CEO, National Bulk Handling Corporation: "We are regulated by the Forward Markets Commission and Warehouse Development and Regulatory Authority. SEBI should not look at commodity trading as just a financial asset class. It can play a far bigger and effective role. Futures exchange can give price signals to farmers six months in advance and help them decide what to grow. The futures market needs participation of financial sector, foreign institutional investors and mutual funds."..............................................Full Article: Source
|