NSEL'S PAYMENT CRISIS: JOLT TO INDIAN COMMODITY MARKETS
SATISH, D.: KUMAR, NAGENDRA M.V.
NSEL'S PAYMENT CRISIS: JOLT TO INDIAN COMMODITY MARKETS SATISH, D. - LAHORE SAGE PUBLICATIONS SEPTEMBER 2015 - 148-157
THE NATIONAL SPOT EXCHANGE LIMITED (NSEL) WAS LAUNCHED TO PROVIDE A NATIONWIDE PLATFORM FOR SELLERS (FARMERS) AND BUYERS (CONSUMERS AND TRADERS) OF AGRICULTURAL COMMODITIES TO TRANSACT AND REALIZE AN EFFICIENT PRICE IN A HIGHLY FRAGMENTED AND WIDELY DISPERSED MARKET. HOWEVER, WITH THE UNEARTHING OF A SCAM INVOLVING MILLIONS OF DOLLARS, THIS EFFORT MADE TO CONNECT VARIOUS LOCAL MARKETS TO ENABLE EFFICIENT PRICE DISCOVERY BENEFITTING MILLIONS OF FARMERS, FAILED TO SUCCEED. THE CASE COVERS THE OBJECTIVES AND EVOLUTION OF NSEL AND THE REGULATORY ENVIRONMENT ON SPOT EXCHANGE IN INDIA AND PROVIDE A DISCUSSION POINT ON THE REASON FOR THE FAILURE OF NSEL.
NATIONAL SPOT EXCHANGE LIMITED, FINANCIAL TECHNOLOGIES INDIA LIMITED, TRADING, CLEARING AND SETTLEMENT MECHANISMS, SPOT EXCHANGE, PAYMENT CRISIS, REGULATORY FRAMEWORK, FORWARD MARKET COMMISSION, FORWARD CONTRACTS, AGRICULTURE PRODUCTS MARKET COMMITTEE (APMC), SPOT TRADING, COMMODITY MARKETS, FARMERS TRADERS AND PROCESSORS
NSEL'S PAYMENT CRISIS: JOLT TO INDIAN COMMODITY MARKETS SATISH, D. - LAHORE SAGE PUBLICATIONS SEPTEMBER 2015 - 148-157
THE NATIONAL SPOT EXCHANGE LIMITED (NSEL) WAS LAUNCHED TO PROVIDE A NATIONWIDE PLATFORM FOR SELLERS (FARMERS) AND BUYERS (CONSUMERS AND TRADERS) OF AGRICULTURAL COMMODITIES TO TRANSACT AND REALIZE AN EFFICIENT PRICE IN A HIGHLY FRAGMENTED AND WIDELY DISPERSED MARKET. HOWEVER, WITH THE UNEARTHING OF A SCAM INVOLVING MILLIONS OF DOLLARS, THIS EFFORT MADE TO CONNECT VARIOUS LOCAL MARKETS TO ENABLE EFFICIENT PRICE DISCOVERY BENEFITTING MILLIONS OF FARMERS, FAILED TO SUCCEED. THE CASE COVERS THE OBJECTIVES AND EVOLUTION OF NSEL AND THE REGULATORY ENVIRONMENT ON SPOT EXCHANGE IN INDIA AND PROVIDE A DISCUSSION POINT ON THE REASON FOR THE FAILURE OF NSEL.
NATIONAL SPOT EXCHANGE LIMITED, FINANCIAL TECHNOLOGIES INDIA LIMITED, TRADING, CLEARING AND SETTLEMENT MECHANISMS, SPOT EXCHANGE, PAYMENT CRISIS, REGULATORY FRAMEWORK, FORWARD MARKET COMMISSION, FORWARD CONTRACTS, AGRICULTURE PRODUCTS MARKET COMMITTEE (APMC), SPOT TRADING, COMMODITY MARKETS, FARMERS TRADERS AND PROCESSORS