12.01.2009 - NCDEX doubts FMC's power to deal with electricity futures

From Hindu.com: NCDEX and Forward Markets Commission are at loggerheads with the country's second largest commodity bourse questioning the market regulator's authority in dealing with trading in electricity futures. In a petition with Central Electricity Regulatory Commission (CERC), an NCDEX subsidiary Power Exchange India (PXI) has said electricity was not a commodity and therefore FMC could not have any jurisdiction over its futures trading..... Full Article: Source

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