MCX, a commodity exchange offering a platform for a variety of commodities for trading, has emerged as the world’s third biggest exchange in terms of contracts traded, and holds leadership position in trading of contracts in gold, silver and energy globally.
In 2012, MCX accounted for 8 of the top 20 metals commodity contracts traded in the world. A nationwide study by Tata Institute of Social Sciences showed the role of MCX in creation of jobs and incomes (A Million Jobs and a Million More Opportunities – a joint study of MCX and TISS) It provided reach and access to price information on commodities across the nation through partnership with India Post under the initiative of ‘Gramin Suvidha Kendra’. Read More About 63 moons technologies The public listing of MCX was the first-ever exchange listing in India, which became one of the most successful issues in the Asia Pacific in midsized corporates in 2012. It is the first exchange in the private sector with majority ownership of the public sector financial institutions. The development theme adopted for the new stock exchange was “Growth and Inclusion” and a market manifesto that clearly spelt out the development objectives and business outcomes As a next step, the FTIL group launched the currency derivatives trading that made MCX-SX reach the top of the league tables in trading of USD-INR contract developed special programme for promotion of rural entrepreneurs and rural start-ups. There has been an extensive focus on market education and skill development even before the launch of Skill India, and special thrust and focus on the development of market segments in the realm of corporate debt, SME capital markets and retail debt markets. Also Read: Start-ups are necessary for bringing the change in the way we do business
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12/28/2022 07:21:25 am
Thanks for sharing such information! If you’re running a business, you likely have to submit a VAT return every three months. Whilst this can seem like an administrative hassle, you should look at it as a mark of running a successful small business.
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