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| In most of the developed countries, futures and options transactions far exceed the direct sale and purchase transactions in the commodities market including equities. |
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| Now gradually, India is also emerging as a vibrant market for derivatives. The turnover in the derivative segment has reached a record of Rs 5,848.10 crore. |
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| The derivatives segment was considered to be, albeit arguably, a panacea for the ills of the badla regime. Though ushered in with fanfare, vitally, related taxation issues remain mired in confusion. |
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| This piece attempts to discuss the issues and dilemmas that investors face after having entered the arena. However, first we shall briefly examine the exact nature of these derivative products. |
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Futures
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A futures contract is an agreement between a seller and a buyer that calls for the seller (called
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