Why the FCRA bill is so important ?

by- Jayant Manglik, President of Retail Distribution at Religare Securities Limited 

Commodity markets are set to help India find its rightful place in the sun. Well, almost – if the FCRA (Forward Contracts Regulation Act) Amendment Bill is cleared soon. It has been passed by the earlier cabinet and was set to be approved by Parliament more than once. With the new government in place, no doubt it will be referred to the Standing Committee and this time it will proceed as planned. Indeed, it must because within the existing regulatory framework, the commodity exchange sector in India has largely run its course – there are few drivers for further development and only new policy and direction will ensure healthy growth from here on. Continue reading

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