Pursuant to Union Budget Announcement 2017-18,
the Department of Economic Affairs, Ministry of
Finance had set up an Expert Committee in June
2017 to study and promote the creation of an
operational and legal framework to integrate spot
market and derivatives market for commodities
trading (Expert Committee). The mandate of the
Expert Committee was to examine the legal,
technical and operational aspects of the commodity
spot and derivatives markets with a view to
eliminate the gaps and overlaps that exist between
these two markets and recommend requisite measures
for achieving the desired integration between the
commodity spot and derivatives markets in India.
The Expert Committee consisted of two sub-groups
to study agricultural and non-agricultural
commodities, respectively. In addition to being
part of the sub-group constituted for the study
of non-agricultural commodities led by SEBI,
three members of the Finance Research Group
Dr. Susan Thomas, Anjali Sharma and Diya Uday
alongwith Dr. Sudha Narayanan, IGIDR provided
policy and research support in drafting the
Report of the Sub-group on Agricultural
Commodities, led by NABARD.
| The Report |
Department of Economic Affairs, Ministry of Finance April 2018 |