India bill would create commodity-futures market

02/19/2013 | (India)

India's food and consumer affairs minister says he's optimistic about the chances for legislation to create a commodity-futures market. "I believe the Forward Contract Regulation Act bill will be passed in the coming session of Parliament," KV Thomas said. "... There are apprehensions about futures trade that it is leading to price rise in commodities. But a number of studies have indicated there is no evidence to prove it."

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