FMC chairman Ramesh Abhishek may get another extension

With the appointment of new Forward Markets Commission (FMC) chief taking time, the government may give the current chairman Ramesh Abhishek another extension for a short period of three months.
Abhishek, a 1982 batch officer of the Indian Administrative Officer (Bihar cadre), is continuing as chairman of the commodity markets regulatory body FMC on a three months' extension that will end next week.
"We have proposed to give another extension to Abhishek as the selection panel has not yet shortlisted the names. The panel has received 20 plus applications, a senior Finance Ministry official told PTI.
Abhishek was appointed as FMC member before getting elevated as interim chairman, replacing B C Khatua. In September 2012, he was appointed FMC chairman.

During his tenure, a Rs 5,600-crore payment crisis broke out at National Spot Exchange Ltd (NSEL). He has taken several commodity exchange norms in sync with those in the securities market.