Rajan advises banks to encourage borrowers to hedge agri risks

The Reserve Bank has asked banks to encourage borrowers to hedge agri-products on commodity bourses, Forward Markets Commission (FMC) said while directing MCX, NCDEX and NMCE to create awareness on......

How NSEL scam derailed commodity market in 2013

Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore (Rs 56 billion) scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items......

No non-agri trade on Saturdays

To improve the operation of commodity exchanges and enable better reflection of actual prices, the Forward Markets Commission has told all of them to not allow trade in non-agricultural commodities......

MCX sees bank guarantee withdrawal by brokers

The Multi-Commodity Exchange (MCX) has started bearing the brunt of the commodity transaction tax (CTT), as well as the recent payment crisis at the National Spot Exchange Ltd (NSEL). Both MCX and......