Wednesday, June 15, 2011

3.0 NEW REGULATIONS FOR SPOT EXCHANGES - Proposed Rules


  • Sponsors of these exchanges to hold minimum 51 percent holding
  • Warehouse receipts can be traded on such exchanges
  • Integrated pan-India market for commodities will emerge
  • Financing for agri commodities to improve
  • State will continue to grant licences
  • Taxes may have to be paid only on first and last transaction.

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