17.02.2009 - India: Govt budget mum on commodities with eye on polls

From Reuters: The government stayed away from any announcements on the commodity futures market in the 2009/10 interim budget fearing a political backlash as general elections are due in a few months, industry watchers said. "It's was necessary for the government to avoid issues like relisting of rice, wheat futures and CTT (commodity transaction tax), to avoid controversies before elections," said Amar Singh, head of research, Angel Commodities Broking Pvt Ltd..... Full Article: Source

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