The Committee to suggest steps for fulfilling the objectives of Price-discovery and Risk Management of Commodity Derivatives Market

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In December 2013, the Ministry of Finance, had set up a committee to suggest steps to fulfill the objectives of price discovery and risk management in commodity futures markets with Shri D.S.Kolamkar as the chairperson. The objective of the committee was:

1. To examine whether, after over a decade of liberalization of legal/regulatory framework and reforms in exchange architecture, the commodity futures market has fulfilled the basic objectives of price-discovery and price-risk management,
2. If not, what are the constraints which impede the futures market from achieving these objectives, and,
3. To suggest ways to remove the constraints.

The report

Ministry of Finance April 2014

Research

• Working Paper

Commentary

• What role is played by the commodity futures in India? by Nidhi Agrawal, Susan Thomas, Ajay Shah's blog, 10^th September 2014.

• Panel recommends banks, financial institutions to join commodity futures trading. Mint, 19^th May 2014.

• FinMin panel for banks in commodity futures. Business Standard, 19^th May 2014.

• Extend trading hours for commodities market: Government panel. The Economic Times, 19^th May 2014.

• Allow banks, FIIs in commodities market: Finance Ministry panel. The Hindu Business Line, 21^st May 2014.