National Stock Exchange to Launch Eight New Agri-Commodity Contracts
- The National Stock Exchange (NSE) plans to enter trading in agricultural commodities with eight new contracts that are not currently traded on any other exchanges.
New Commodities
- The proposed new contracts for which the exchange has sought permission from the Securities and Exchange Board of India (SEBI) include almonds, castor oil, soya degum, urad dal, toor dal and pulses.
Reason for Launch
- Transaction Free Segment:The physical sale of agricultural produce is still administered by States, with each following its own regulations. Both BSE and NSE are trying to develop agri-commodity trading as there is no transaction tax in this segment ....
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