India's budget boost to futures

07 Mar 2005

India's futures industry received a shot in the arm last week following two new budget initiatives released by the government. Futures profits and losses, previously regarded as speculative, can now be treated as business income and can therefore be offset against profits and losses in the...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.