FMC is being strengthened, says Economic Survey

The Survey's comments belie talk of a possible merger of the commodities markets regulator and capital markets regulator Sebi

The Economic Survey for 2014-15 presented today belies the widespread belief in the commodity derivatives market that its regulator, the Forward Markets Commission (FMC), was likely to be merged with capital markets regulator Securities and Exchange Board of India (Sebi).  The survey categorically says: “To to provide efficient advance price-discovery to farmers and enable them to hedge price risks the Forward Markets Commission is being strengthened.” The issue of strengthening the FMC has been around for a long time; however, the new NDA government has so ...