HomeMarket NewsMCX shares in focus after SEBI looks towards banks, insurers for commodity derivatives participation
SEBI is also engaging with the GST Council to resolve GST issues in commodity trading. The SEBI chief said GST hurdles impact the delivery and settlement on the exchange platforms and resolving these issues is key to boost agriculture and non-agriculture commodities, including gold.
Shares of Multi Commodity Exchange of India Ltd. (MCX) are in focus on Monday, December 22, after the SEBI chief’s comments over the weekend on commodity derivatives.
Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India (SEBI), on Saturday, December 20, said the market regulator is looking at banks and insurers’ participation in commodity derivatives and is in talks with the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) for the same.
The SEBI chief said the market regulator is setting up expert working groups to deepen agriculture and commodity derivatives.
SEBI is also engaging with the GST Council to resolve GST issues in commodity trading. The SEBI chief said GST hurdles impact the delivery and settlement on the exchange platforms and resolving these issues is key to