The Food and Consumer Affairs Minister, K.V. Thomas reported that the proposed Forward Contract Regulation Act (FCRA) Amendment Bill, 2010 is marked by doubt to be passed in the current Parliament session.
According to reports, the Bill is essential for the development of the commodities futures market as it strengthens the regulator FMC by arming it with financial autonomy, facilitates the entry of institutional investors and introduction of new products for trading such as options and indices.