The focus of Budget 2021-2022 could be largely to mend the economy and boost growth and fight inflationary pressures. While the economy came under pressure, the commodities market was also not left unaffected.
Speaking to CNBC-TV18 Mrugank Paranjpe, MD, MCX said that he believes the final contours for options trading from SEBI might come in 2 weeks.
India Budget 2015-16 is round the corner and commodity market have a lot of expectations from this budget after Indian economy emerged as one of the fastest growing economies in the world led by the stable government at the Center, says Ventura.
Commodity Transaction Tax of 0.01 percent was slapped on futures trading of non-agricultural items and some processed food items in July 2013.
In a major setback to commodity exchanges, finance minister Chidambarm today proposed a transaction tax of 0.01 percent on non-agri futures traded on the bourses.
So as to encourage investment in the stock market, Finance Minister P Chidambaram today cut the securities transaction tax on equities and mutual fund units.
An elite panel of experts assembled to discuss the roadmap for Commodity Futures in India. They opined that the bill to amend the Forward Contracts Regulation Act (FCRA) is pending in the parliament, and if passed, will strengthen the Forward Markets Commission (FMC), the main regulatory body.
According to experts, investors should subscribe to the MCX IPO because of the growth potential of the company and the valuations it has.