MCX

Bill on forward contracts introduced in LOK SABHA

The Forward Contracts (Regulation) Amendment Bill ( FCRA bill) was, at long last, introduced the Lok Sabha on Monday by food MoS K V Thomas . The proposed amendments, long awaited by commodity participants in the country, are expected to restructure
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Govt limits number of commodity bourses at 8

The government has decided to cap the number of national commodity exchanges at eight to foster sustained growth of the commodity futures market. "The Consumer Affairs Ministry in consultation with the sector regulator FMC has decided to allow only e
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Sebi/RBI allows exchanges to introduce currency options on US dollar pairing with rupee

Market regulator the Securities and Exchanges Board of India (Sebi) today allowed exchanges to introduce currency options on US dollar pairing with rupee, a development that provides another alternative to corporates for hedging against currency fluctuations.
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MCX signed up with ICSI and ICWAI to jointly promote the cause of financial literacy and corporate governance

The Exchange has joined hands with several agencies like the government, trade bodies and educational institutions to drive financial literacy for financial inclusion and encourage incorporation of global best practices in the industry.
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Revised Trade Timings of MCX, NCDEX, ICEX for Non-Agri Commodities from 15th March 2010

Commodity exchanges MCX, NCDEX and ICEX have reduced trade timings by 25 minutes for non-agricultural commodities to align with the US daylight saving times. According to separate statements issued by the three exchanges, all commodities except agricultural items will be allowed to trade between 10.00 am and 11.30 pm from Monday to Friday.
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MCX signed MOU with ICAI to share knowledge and expertise

MCX Stock Exchange (MCX-SX), India's new stock exchange, has signed a memorandum of understanding with The Institute of Chartered Accountants of India (ICAI) Set up by an Act of Parliament for leveraging each-others' expertise and domain knowledge in launching several programmes and initiatives on financial markets.
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Sale Purchase in MCX is Not speculative transaction

Section 43(5)(d)(ii) of the Income-tax Act, 1961 – Speculative transactions – Notified recognised stock exchange Notification No. 46/2009, dated 22-5-2009 In exercise of the powers conferred by clause (ii) in the Explanation to clause (d) of the proviso to sub-section (5) of section 43 of the Income-tax Act, 1961 (43 of 1961), read with rule [...]
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