India moves on international access but faces opposition
Overseas participants may soon be able to participate in
Indias commodity markets if an ordinance cleared by the
countrys cabinet is passed by its parliament. Although
there is opposition to the move from political influences in
the country, it is hoped that the long-awaited move could be
enacted this year.
has learned that the ordinance a type
of document in India which proposes policy while parliament is
not in session, to be voted on later by the full legislature
was approved by Prime Minister Manhouman Singh and his
cabinet at the end of January. If passed, it will amend the
countrys Forward Contacts (Regulation) act and allow
international access to commodity exchanges for the first
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.