Monday, August 16, 1999
FMC open to institutional funding to help proposed commodity exchanges
Forward Markets Commission (FMC) new chairman KC Mishra said he is open to the idea of institutional funding to help the proposed Federation of Indian Commodity Exchanges (FICE) that has attracted the attention of members of some 10 of the 20-odd comexes in the country.
Silver imports seen lower as domestic stocks come for recycling
Good monsoons for yet another year is expected to see considerable rise in demand for silver from the semi-urban and rural markets, the main markets for silver jewellery and raw silver.
Market economy allows no reservation for SSIs -- MCCI chief
Pruning fiscal deficit is an important part of economic agenda. But there has to be a balanced approach. Spending is required for growth but that does not mean large-scale spending leading to unmanageable fiscal deficit.
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