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| India is all set to emerge as a global hub for trading in commodity futures. In a move almost matching the 1991-92 liberalisation in impact, the government last year decided to abolish Section 17 of the Forward Contracts (Regulation) Act, 1952, which prohibited futures trading in commodities other than a handful of specified goods. |
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| This legislative change has opened up the universe of physical commodities, and with it the uncharted realm of exotic possibilities such as trading in weather and electricity derivatives. |
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Analysts and trade circle reckon that this move
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