Commodity participants’ body tells SEBI chief to announce new cotton contract norms soon

The Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch has been urged by the Commodity Participants Association of India (CPAI) to request that MCX swiftly disclose the new cotton futures contract specification. The present contract will expire on December 30, according to CPAI President Nariender Wadhwa, who noted that MCX informed on…

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Commodity participants argue against or for a lower transaction tax

The commodities transaction tax (CTT) has been asked to be totally eliminated or reduced in the upcoming budget, according to the Commodity Participants Association of India (CPAI). The CPAI has additionally asked the Finance Minister to put this recommendation into effect for at least two years. The sector (the commodities derivatives market), which has zero…

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