Overview of the Indian Commodity Market Finance Essay
In India market for futures are from a very long time back , it was there in early 1800s. After Independence, the Forward Contracts (Regulation) Act, 1952 (FCRA, 1952) was passed to promote and regulate this market with Forward Markets Commission (FMC) being set up in 1953 in Mumbai as the regulator. “Commodity derivatives were banned in the late ’60s, but were revived again in the ’80s.After the successful equity market reforms of the ’90s, the Government of India tried […]