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

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Plea for Forward Trading

Plea for Forward Trading Nishtar HOPES are running high that forward Hading in shares will be allowed to be resumed by Dassera which falls on October 20. These hopes are based on reports that the stock exchange delegation received a sympathlic hearing from the Finance Ministry officials when it visited New Delhi to submit the joint memorandum on resumption of normal market dealings. But is not 'sympathe- tic hearing1 something which one should normally expect of Government officials unless they are lacking in elementary courtesy? And had not the former Finance Minister Morarji Desai assured the stock exchange authorities that he would be willing to consider any concrete proposals for the resumption of trading on sound and healthy lines? This is precisely what the stock exchanges have done. Not that they share the official view that "steep rise" and "cornering" had generated "unhealthy trends" to warrant a total ban on forward trading. They maintain that suspension of forward trading had been notified under a misapprehension of facts and misunderstanding of the underlying issues involved Bui they had no go except to submit some concrete proposals which would meet offi- cial objections.

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