Major Aspect that will affect Commodity:
In MCX soon after the deception had been detected, to keep it out of the shadow of the crisis in NSEL, promoted by the founder-company of MCX. However, there was an issue of poise in the exchange business as the NSEL disaster followed the annoyance of commodities transaction tax. Now, volumes have grown and I can say the NSEL disaster impact is no longer there and only the impact of the CTT remains.
The Reserve Bank of India is set to give theoretically endorsement for foreign institutional investors and banks to contribute in commodity markets, say sources in the know. “The matter is in the ending stage of internal appraisal and an in-principle approval is just a matter of time,” said a source.
The development comes at a time when the country’s commodity exchanges are anguish a weighty drop in turnover.
In a bid to boost precision and build up the clearing method for commodity exchanges the government of India has proposed for a common clearance scheme for all commodity exchanges. As per a release by the government it would cut the transaction cost for market participants and support the risk management systems. The government in June this year had constituted a working group to modernize the clearing system for commodity exchanges.
ALLIANCE RESEARCH INVESTMENT ADVISERS PVT. LTD is always there with you to provide you better solution for every doubt and also providing much accurate trading tips for both Equity and Commodity Market. You can grab more about us and also about market and trading tips. Visit to us at Commodity Trading Tips or call us at 0761-4025251.
The Reserve Bank of India is set to give theoretically endorsement for foreign institutional investors and banks to contribute in commodity markets, say sources in the know. “The matter is in the ending stage of internal appraisal and an in-principle approval is just a matter of time,” said a source.
The development comes at a time when the country’s commodity exchanges are anguish a weighty drop in turnover.
In a bid to boost precision and build up the clearing method for commodity exchanges the government of India has proposed for a common clearance scheme for all commodity exchanges. As per a release by the government it would cut the transaction cost for market participants and support the risk management systems. The government in June this year had constituted a working group to modernize the clearing system for commodity exchanges.
ALLIANCE RESEARCH INVESTMENT ADVISERS PVT. LTD is always there with you to provide you better solution for every doubt and also providing much accurate trading tips for both Equity and Commodity Market. You can grab more about us and also about market and trading tips. Visit to us at Commodity Trading Tips or call us at 0761-4025251.
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