Mr. P. K.
Singhal Joint
Managing Director, MCX said, '' The winter session (2015 December) of Parliament has started,
raising expectations about the build-up of a political consensus on the
much-awaited legislation on the Goods and Services Tax (GST).
The GST regime, which the
government envisages to roll out by April 01, 2016, is one of the most
significant economic reforms, with the potential to make the domestic economy
highly competitive in a globalized framework.
In the commodities market,
GST can bring in big benefits by helping curb market fragmentation and creating
a national commodities market, as envisaged in The Economic Survey, 2014–15.
An efficient physical market
for commodities can act as a catalyst for faster and inclusive growth of the
commodity derivatives market.
MCX signed an MoU with Amity
Business School..!
I am happy to inform you that
on November 05, 2015, MCX signed an MoU with Amity Business School, Noida, for
imparting and training students with requisite skills to meet the fast-changing
needs of commodity markets. The alliance will surely bolster the
industry–academic linkage and thus provide a formidable workforce that caters
to not only financial markets, but to the modern commodity ecosystem as a
whole.
Continuing our efforts to
spread awareness about commodity derivatives, MCX conducted 21 awareness
programmes, apart from 11 farmers’ training programmes covering 319 farmers, in
October 2015."
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