data released by the regulator. Analysts have blamed a 0.01% transaction tax on primarily non-farm commodity derivatives, proposed in the Budget for 2013-14 and implemented from July, for the drop in volumes this fiscal. With the imposition of the tax on the seller, costs more than tripled from R1.60 on a transaction value of R1,00,000, MCX executives had said earlier.
Farm commoditiesí turnover dropped 33% to R10.09 lakh crore until November 30, while that of bullion and metals crashing 36% to R34.18 lakh crore and R13.89 lakh crore, respectively. Energy items, too, saw turnover decline 27% to R18.60 lakh crore in the first eight months of this fiscal.
Govt monitoring NSEL case, says minister
Government is monitoring the progress of follow-up action in the case regarding NSEL payment crisis on the basis of report submitted by a special team, Parliament was informed on Friday.
ďThe progress of the follow up action is being monitored through their action taken notes and meeting at higher level,Ē minister of state for finance Namo Narain Meena told Lok Sabha.