SME Times is powered by   
Search News
Just in:   • Niryat Mitra, a well thought-out app  • Rupee hits record-low of 70.08 against USD  • Trump signs $717bn annual defence policy bill into law  • After retail inflation, WPI eases to 5.09 pc in July  • Apple delays 'Group FaceTime' feature for video calls 
Last updated: 21 Jul, 2018  

Sebi.9.Thmb.jpg SEBI to introduce warehousing norms for non-agri commodities
   Top Stories
» Rupee hits record-low of 70.08 against USD
» After retail inflation, WPI eases to 5.09 pc in July
» Tail winds turn into head winds for airlines: ASSOCHAM
» Data protection law for data-driven processes, innovation soon: Official
» Fintech cos can play key role in MSME financing: Survey
SME Times News Bureau | 21 Jul, 2018

Market regulator SEBI has prescribed warehousing norms for agricultural commodities and is in process of doing the same for the non-agri commodities, said P.K. Bindlish, CGM & HOD-Commodity Derivatives Market Regulation Department (CDMRD), SEBI, at an ASSOCHAM event held in New Delhi.

SEBI has taken a number of steps in this direction for more participants for more awareness programme in commodity derivatives and risk management.

SEBI has started a system of commodity trainer’s concept to train them and this training session for commodity trainers will be conducted in 10 days time.

It will continue with its endeavour of development of commodity derivatives market, said Bindlish, while inaugurating an ASSOCHAM 16th Commodity Futures Market Summit.

The expert advisory committee constituted to advice on risk management system. All settlements and cleaning to be handled by cleaning corporation system. He also said, the two exchanges have submitted proposals for clearing corporations; one will receive clearance soon, said Bindlish.

He said that the guideline for foreign entities on hedging activity is expected to be soon. He further said, all India Consultation to finalise the guidelines for exchange of mutual funds underway. Any exchange can provide any product by 1st of October onwards.

He said, increasing institutional participation in the commodity derivatives markets. Category III AIFs have already been allowed. He also said that creating awareness amongst the farmers and FPOs with help of other institutions like NABARD.

The objectives of commodity derivatives and other derivatives, i.e., hedging and price discovery, as well as in trade practices and mechanisms, and with a view to usher in the next wave to reforms in commodity derivatives market, the government of India merged the erstwhile FMC with SEBI in order to bring convergence of the two markets, said SEBI official.

While inaugurating Commodity Future event, Mr C.R. Chaudhary, Minister of State for Consumer Affairs, Food and Public Distribution said, National Agriculture Markets (e-NAM) will benefit those interested in commodity futures trading and participants should adhere to set Minimum Support Price (MSP) on crops, the farmers to get the fixed MSP in Kharif crops.

The commodity future trading can help double farmer’s income by 2022, said Mr C.R. Chaudhary

Shashank Saksena, Advisor (CM), Department of Economic Affairs, Ministry of Finance said, regulators, policy makers and other stakeholders need to look at integrating the spot market with the derivatives market. On the derivatives markets, the SEBI has taken number of steps and government has also provided policy features to develop these commodity derivatives markets.

Creating market institution which can provide the post-trading infrastructure and post-delivery mechanism to facilitate the integration of spot and derivatives markets which will be challenging, said Saksena.

Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 15 Aug, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(8)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(1)
» Exports must be priority(1)
» Audi CEO to remain in German police custody(1)
» History of Lok Sabha elections(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter