Amendment Bill may be tabled in Monsoon session despite RBI's reservations
.....The RBI has been against allowing banks to enter this sensitive area, as there is no “autonomous and independent” commodity regulator in the country. The Forward Markets Commission, which regulates commodity players, comes under the administrative control of the food and consumer affairs ministry. A Bill to provide autonomy to the commodities market regulator will be tabled in the next session of Parliament after Cabinet approval.......
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