(a) whether there is any proposal to set up electronic market at national level;
(b) if so, the details thereof; and
(c) the time by which it is likely to be set up?
(a) whether there is any proposal to set up electronic market at national level;
(b) if so, the details thereof; and
(c) the time by which it is likely to be set up?
MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE (SHRI KANTI LAL BHURIA)
(a) & (b): Two commodities derivatives trade exchanges, viz: National Commodity &
Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX) have been recognized
by Government for forward trading in commodities, which have floated their subsidiaries and
mooted concept papers to start National Spot Exchanges to trade in commodities. Forward
Market Commission is entrusted with the regulation of forward contracts in commodities. The
Electronic spot markets would be subject to laws governing to the spot markets in commodities.
(c): Question does not arise.