Plea to lift wheat futures ban
R. SURYAMURTHY
Free flow
New Delhi, Feb. 4: The Forward Markets Commission (FMC) will approach the government to lift the ban on four agricultural commodities — rice, wheat, urad and tur.
It will also push for policy changes to enable investment by banks and mutual funds in the futures markets.
Commission chairman B.C. Khatua told The Telegraph, “From data available, one can say that futures contract prices are correct indicators of the actual price situation ahead. Prices do not go up or down because of the futures contract.”
Showing posts with label market. Show all posts
Showing posts with label market. Show all posts
Mar 22, 2008
Market Mantra
Weak markets fail to scuttle PSU issue plan
R. SURYAMURTHY
New Delhi, March 10: The UPA government is pressing ahead with its agenda of listing public sector units (PSUs), despite a bear run in the markets and signs of a slowdown in the US economy.
Exploration firm Oil India could come out with an initial public offering (IPO) as early as next month followed by National Hydroelectric Power Corporation Limited (NHPC) in July-August.
R. SURYAMURTHY
New Delhi, March 10: The UPA government is pressing ahead with its agenda of listing public sector units (PSUs), despite a bear run in the markets and signs of a slowdown in the US economy.
Exploration firm Oil India could come out with an initial public offering (IPO) as early as next month followed by National Hydroelectric Power Corporation Limited (NHPC) in July-August.
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