22.01.2009 - India: Tug-of-war over energy futures control intensifies
From Business-standard.com: The tussle for control over and regulating the futures trading in electricity has intensified between the energy and commodity market regulators. The newly launched Power Exchange India Ltd (PXIL) - promoted by the National Stock Exchange and NCDEX - wants it to be regulated only by the Central Electricity Regulatory Commission (CERC). But the commodity market regulator, Forward Market Commission (FMC) has contended that it alone has jurisdiction over futures trading..... Full Article: Source
Print