Indian exchanges have been encouraged by speculation that the ban in trading on four more commodities could be a trade-off for the removal or reduction in the unpopular commodities transaction tax (CTT), while opponents of futures trading have leapt on the government’s move to demand more products be delisted.
Several sources have suggested that Indian regulator, Forward Markets Commission (FMC) – which is known to have opposed the ban on soybean oil, chickpea, potato...