Tuesday, March 29,
According to Dr C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister, “There is no evidence to show that futures trading in commodities results in a surge in the prices of those commodities”.*
In an address on ‘Some Perspectives on Growth and Inflation’ at a seminar, Dr Rangarajan observed, in response to a question, that among the commodities in which futures trading is permitted, the prices of some have gone up, while those of many others have not.
Even the Abhijit Sen Committee, which went into the question of whether or not futures trading in commodities lead to an increase in the prices because of the speculation, was inconclusive on this matter.
Source: The Business Line
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