Describe the regulatory framework for future delivery in commodity markets in India and discuss the statutory functions of Forward Market Commission

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Commodity markets play a crucial role in the global economy by facilitating the trading of raw materials and primary agricultural products. In India, the regulatory framework for future delivery in commodity markets is overseen by the Forward Markets Commission (FMC), which was established to regulate and promote the commodity derivatives market. However, it's important to note that as of my last knowledge update in January 2022, there have been significant changes in the regulatory landscape, and the FMC has been merged with the Securities and Exchange Board of India (SEBI).

Regulatory Framework:

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Degree : MASTER DEGREE PROGRAMMES
Course Name : Post Graduate Diploma in Financial Markets Practice
Course Code : PGDFMP
Subject Name : Commodity Markets
Subject Code : MFP 3
Year : 2022