| India has merged its markets and commodities regulators, in a move that paves the way to opening up commodities markets to foreign investors and could also lead to the listing of the country’s main stock exchanges.
The decision to combine the regulators was prompted by the collapse of India’s largest commodities spot market two years ago, prompting a crisis of confidence in the Forwards Markets Commission, which regulates commodities derivatives trading. A government investigation in 2013 found irregularities at the National Spot Exchange Limited, which traded short-term contracts in agricultural goods such as sugar...............................................Full Article: Source
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