India may get its first gold exchange

A dedicated physical gold exchange could lead to standard gold pricing in India and could also bring transparency to a market, which can involve large cash transactions. A bullion association......

RTI Act remains in limbo for securities market

Stay orders keep law out of citizen access even years after CIC rulings on opening market institutions to scrutiny The Right to Information (RTI) Act has resulted in governments falling,......

How NSEL scam derailed commodity market in 2013

Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore (Rs 56 billion) scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items......

MCX sees bank guarantee withdrawal by brokers

The Multi-Commodity Exchange (MCX) has started bearing the brunt of the commodity transaction tax (CTT), as well as the recent payment crisis at the National Spot Exchange Ltd (NSEL). Both MCX and......