Monday, February 29, 2016

Impact of Budget 2016 on Commodity Market Players

A lot of changes and reforms were expected in Commodities which ranged from amendment of the FCRA bill to allow foreign institutions and domestic fund hours to trade in domestic futures, reduction in import duties for precious metals and more importantly, a reduction in CTT was also something we looked forward to

Arun Jaitley in Budget 2016-17 announced that SEBI will develop new products for commodity derivatives. However, apart from this, the Budget failed to offer cheer for commodity markets.

Budget impact on commodity
 What was expected?

Reduction in CTT for Commodities
Reduction in Import Duties for Bullions
Amendment of FCRA

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