EGR framework for gold may need an overhaul to revive India’s ambition as a price setter: Sebi chairman

Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey on Saturday said the framework for electronic gold receipts (EGRs) may need an overhaul, while acknowledging that the EGR framework has not gained the desired traction so far. He also urged the industry to educate investors to trade only in regulated gold products.He said […]

Banks, insurers and pension funds can get derivatives from trade contracts

Mumbai: The Securities and Exchange Board of India (Sebi) is considering increasing the institutional participation in the market for raw material derivatives, said the most important Tuhin Kanta Pandey on Wednesday. The regulator will deal with the government to allow banks, insurers and pension funds to trade these markets. It also investigates a proposal to […]