Tuesday, March 1, 2016

Budget : Expectation from Commodity Market in 2016

Commodity mcxx ncdex calls

In 2015 the budget for the commodity market regulator FMC merger-except there was no major announcement. In the last budget, the finance minister before the commodity market which had several offers CTT(commodity transaction tax) to delete, FCRA amendments and mergers involving regulator FMC

But the budget in 2015, the finance ministry announced the addition of Sebi-FMC merger proposal is not a commodity market. 

What are the expectations from the 2016 budget of commodity market:

MD of MCX commodity market PK Singhal said, we are seeking for several years to remove the CTT. But this year we demand from Finance Minister that they should either remove or make lower use of CTT in Commodity Market.

After the merger, according to Singhal regulator FMC FCRA does not require a change in the commodity market regulator Sebi after the merger option could even start. 

No comments:

Post a Comment