ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Irrelevance of Floor Prices

Mockery of Ban on Forward Trading Nishtar UNDAUNTED by the hazards of space travel, the stock market continues to move higher and higher to a destination unknown. The 1969 peak has been left far behind. The current bullish fervour is reminiscent of the boom last year which attracted Government's wrath. With forward trading officially 'banned, New Delhi is in no position to point an accusing finger at speculators. But it is surprising that it should have turned a blind eye to the illicit forward trading that is going on under the in- genious 10-day settlement system. The unrestricted freedom to trade for differences had made a mockery of the ban on forward trading.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top