• search

MCX to submit detailed blueprint for CSE in a month

Written by: Staff
|

Kolkata, Aug 30 (UNI) The Multi Commodity Exchange would draw a detailed revival blueprint for the ailing Calcutta Stock Exchange (CSE) in a month's time.

"We will prepare a report on ways to revive the stock exchange.

It will be completed in a month's time," MCX CEO Jignesh Shah said.

"We have suggested that CSE would require having commodity future and spot commodity market along with equity market," he said.

"Our report will carry details of bottlenecks that require to be sorted out for development of the spot market," Shah said.

The report would be submitted to the West Bengal government.

The move was initiated after Chief Minister Buddhadeb Bhattacharjee requested MCX for reviving the exchange.

Shah said MCX has planned a spot market for potatoes in the state. It has tied up with four cold storages in the districts of Midnapur, Hoogly and Burdwan.

Earlier, consultant Ernst&Young had advocated to the CSE to begin commodity trading to counter the dwindling volume in equity trading.

UNI TJP AKP1034

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more