Whalesbook
Sebi chairman Tuhin Kanta Pandey ne bataya hai ki woh RBI aur Irdai ke saath discussions kar rahe hain taaki banks aur insurance companies ko commodity derivatives mein access mile. Isse India ka commodity market aur strong banega aur price discovery bhi achhi hogi.
Lekin sab itna bhi seedha nahi hai. RBI aur Irdai ko kuch reservations hain. RBI Governor ne bataya ki current banking laws mein changes ki zaroorat padegi banks ko entry dene ke liye. Irdai ko bhi lagta hai ki long-term insurance products commodity derivatives ke short-term nature se match nahi karte. Duniya ke doosre bade markets mein toh yeh sab pehle se approved hai. Sebi yeh bhi soch raha hai ki foreign investors ko bhi kuch contracts mein trading allow kare aur agricultural commodities par jo 2021 se ban hai, use hata de agar inflation control mein aa jaaye.
Iske alawa, Sebi commodity trading ko easy banane ke liye GST reforms bhi laa raha hai. Proposal hai ki current State GST ki jagah Integrated GST (IGST) use ho, jisse alag-alag states ke warehouses se physical delivery mein problem nahi hogi. Yeh logistics ko aur smooth banayega.
Sabse important, Sebi ab Artificial Intelligence (AI) ke risks se bhi nipatne ke liye taiyar hai. Chairman ne kaha ki AI market systems ko test kar sakta hai aur weaknesses dhoondh sakta hai. Isliye, Sebi industry players ke saath milkar ek advisory nikalega jisme bataya jayega ki AI se related risks ko kaise pehchana jaaye aur unse kaise bacha jaaye.
Aur haan, KYC process ko easy banane ke liye CKYC 2.0 system par bhi kaam chal raha hai. Yeh sab ek saath hone se financial services manage karna aasan hoga. CERSAI ne toh firms ko December 2024 tak CKYC data internalize karne ko kaha hai.
Overall, India ka commodity derivatives market ka size $855.60 billion tak pahunch sakta hai, par liquidity aur entry barriers abhi bhi issues hain. Sebi ke yeh reforms global trends ke saath hain, par RBI aur Irdai ke sath coordination aur laws mein change hone par sab kuch depend karega. Kuch log yeh bhi worry kar rahe hain ki agar controls tight nahi hue toh speculation badh sakta hai. Dekhte hain aage kya hota hai!