Financial Daily from THE HINDU group of publications
Friday, Nov 21, 2003
Financial Daily from THE HINDU group of publications Friday, Nov 21, 2003 |
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Agri-Biz & Commodities
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Commodity Exchanges NCDEX gets Govt recognition Our Bureau
Mumbai , Nov. 20 THE National Commodity & Derivative Exchange Ltd (NCDEX) has been granted recognition on a permanent basis by the Ministry of Consumer Affairs, Food and Public Distribution. The exchange intends, to begin with, offer trade in futures contracts in nine major commodities including gold, silver, soyabean, refined soyabean oil, rapeseed-mustard seed, expeller rapeseed-mustard seed oil, RBD palmolein, crude palm oil and raw cotton. NCDEX is jointly promoted by ICICI Bank Ltd, the National Bank for Agriculture and Rural Development, Life Insurance Corporation of India and National Stock Exchange. The exchange had received about 500 applications, of which 425 applicants were short-listed.
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