Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: cpt :: due date for vat payment :: VAT RATES :: VAT Audit :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: articles on VAT and GST in India
Latest Circulars »
 RBI-Framework for imposing monetary penalty on Authorised Payment Systems Operators / banks under Payment and Settlement Systems Act, 2007
 RBI-Sovereign Gold Bonds 2016-17 Series III – Operational Guidelines
  Registrations open for NCFE’s NFLAT (National Financial Literacy Assessment Test)
 Sovereign Gold Bond Scheme 2016 -17 – Series III
 Minutes of the Monetary Policy Committee Meeting October 3-4, 2016
 Registrations open for NCFE’s NFLAT (National Financial Literacy Assessment Test)
 Auction for Sale (Re-issue) of 7.35 per cent Government Stock 2024
 Auction of Government of India Dated Securities October 17, 2016
  Setting The Priorities Right (Shri S. S. Mundra, Deputy Governor – September 28, 2016 – at the 3rd SBI Banking and Economics Conclave in Mumbai)
  Financial Stability in a Weak Global Environment (Shri S. S. Mundra, Deputy Governor - September 22, 2016 - at the 7th SEACEN High Level Seminar for Deputy Governors in–charge of Financial Stability and Supervision, Mumbai)
 RBI issues Directions to United India Co-operative Bank Ltd., Nagina, Bijnor, Uttar Pradesh – Withdrawal of Directions

RBI constitutes Working Group on Hedging of Commodity Price Risk by Residents
September, 15th 2016

Exposure of Indian entities to commodity price risks has been accentuated by the growing integration of the Indian economy with the rest of the world and rising volumes of cross border trade.   The Reserve Bank of India has set up a working group to review the guidelines for hedging of commodity price risk by residents in the overseas markets during the development phase of our domestic commodity derivative market. The Working Group has members drawn from RBI, Securities and Exchange Board of India (SEBI), commercial banks and corporates.

The composition of the Working Group is:

(i) Shri Chandan Sinha, Executive Director, RBI Chairman
(ii) Shri T. Rabi Sankar, Chief General Manager, RBI Member
(iii) Shri P. K. Bindlish, Chief General Manager, SEBI Member
(iv) Shri Venkat Nageshwar, Deputy Managing Director, State Bank of India Member
(v) Shri Ajit Ranade, Chief Economist, Aditya Birla Group Member
(vi) Shri Ashish Parthasarathy, Treasurer, HDFC Bank Member
(vii) Shri M. G. Gupta, Director (Finance), MMTC Member
(viii) Shri Siddhartha Misra, Deputy General Manager, RBI Convener

The terms of reference of the Working Group are:

  1. Assess the risks faced by resident entities and their hedging requirements,

  2. Identify gaps in the existing regulatory framework in relation to the hedging requirements viz. coverage of commodities, participants and products,

  3. Suggest the broad principles for guiding  the regulatory regime for overseas hedging of commodity risks,

  4. Recommend a modified framework for residents hedging commodity risk overseas,

  5. Any other related matter.

The Working Group may invite representatives from any sector relevant to its terms of reference.  Resident entities exposed to commodity price risks, industry bodies, members of academia and other interested parties may mail their suggestions / comments. To send an email, please click here.

The Group will submit its report by February 28, 2017.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/670

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions