Forward Markets Commission (India)
The Forward Markets Commission (FMC) is the chief regulator of forwards and futures markets in India. As of March 2009, it regulated Rs 52 trillion worth of commodity trades in India. It is headquartered in Mumbai and unusually for a financial regulatory agency is overseen by the Ministry of Consumer Affairs, Food and Public Distribution (India). Mr. Bijay Kumar Ramesh Abhishek replaced Mr. B.C. Khatua as the chairman of the commission in 2011.
Read more about Forward Markets Commission (India): History, Responsibilities and Functions, See Also
Famous quotes containing the words markets and/or commission:
“A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
—Barbara Ehrenreich (b. 1941)
“A sense of humour keen enough to show a man his own absurdities as well as those of other people will keep a man from the commission of all sins, or nearly all, save those that are worth committing.”
—Samuel Butler (1835–1902)