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Harsh Vardhan on India's Commodity Markets

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Content provided by Carnegie India. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Carnegie India or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In December 2021, the Securities and Exchange Board of India, which also regulates commodity markets, issued directions banning new derivative contracts in seven agricultural commodities. This ban covered more than 70 percent of the traded volumes in the Indian agricultural commodity futures market.

What were the reasons for this sudden move, and what repercussions did this have for the spot markets in these commodities? What signals do such sudden moves by regulators send to markets, and how do agricultural markets and commodity derivative markets tend to react to such moves?

In this episode of Interpreting India, Harsh Vardhan joins Anirudh Burman to help unpack these issues pertaining to India's commodity markets.

Episode Contributors

Harsh Vardhan is a Senior Advisor with leading international management consulting firm Bain & Company. He has over 30 years of experience in the financial services sector and is actively involved in policymaking related to financial sector in India. He chaired the Committee on the Development of Securitisation for Housing Finance appointed by the RBI in2019. Recently he was a member of the Cross Border Insolvency Rules of Regulations Committee (CBIRC) of the Ministry of Corporate Affairs. He is an Independent Director on the board of Karur Vysya Bank and National Commodities Clearing Ltd and chairs the Risk Management Committees of the board for both.

Anirudh Burman is an associate research director and fellow at Carnegie India. He works on key issues relating to public institutions, public administration, the administrative and regulatory state, and state capacity.

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Additional Reading

Did SEBI's Ban on Agri-Futures Work? by Harsh Vardhan and Bhargavi Zaveri-Shah

The Ban on Agri Commodities Future is Weak in Law and Economics by Bhargavi Zaveri-Shah and Harsh Vardhan

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🎙️ Check out our podcast, Interpreting India available now on

YouTube, Spotify, and iTunes!

Home: https://interpreting-india.simplecast...

YouTube: https://www.youtube.com/playlist?list...

Spotify: https://open.spotify.com/show/51yeOb8...

iTunes: https://pcr.apple.com/id1476357131

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Carnegie India Socials:

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Twitter: https://twitter.com/CarnegieIndia

Website: https://carnegieindia.org

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Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.

As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.

Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.

Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.

  continue reading

107 episoade

Artwork
iconDistribuie
 
Manage episode 332365248 series 2591344
Content provided by Carnegie India. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Carnegie India or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In December 2021, the Securities and Exchange Board of India, which also regulates commodity markets, issued directions banning new derivative contracts in seven agricultural commodities. This ban covered more than 70 percent of the traded volumes in the Indian agricultural commodity futures market.

What were the reasons for this sudden move, and what repercussions did this have for the spot markets in these commodities? What signals do such sudden moves by regulators send to markets, and how do agricultural markets and commodity derivative markets tend to react to such moves?

In this episode of Interpreting India, Harsh Vardhan joins Anirudh Burman to help unpack these issues pertaining to India's commodity markets.

Episode Contributors

Harsh Vardhan is a Senior Advisor with leading international management consulting firm Bain & Company. He has over 30 years of experience in the financial services sector and is actively involved in policymaking related to financial sector in India. He chaired the Committee on the Development of Securitisation for Housing Finance appointed by the RBI in2019. Recently he was a member of the Cross Border Insolvency Rules of Regulations Committee (CBIRC) of the Ministry of Corporate Affairs. He is an Independent Director on the board of Karur Vysya Bank and National Commodities Clearing Ltd and chairs the Risk Management Committees of the board for both.

Anirudh Burman is an associate research director and fellow at Carnegie India. He works on key issues relating to public institutions, public administration, the administrative and regulatory state, and state capacity.

--

Additional Reading

Did SEBI's Ban on Agri-Futures Work? by Harsh Vardhan and Bhargavi Zaveri-Shah

The Ban on Agri Commodities Future is Weak in Law and Economics by Bhargavi Zaveri-Shah and Harsh Vardhan

--

🎙️ Check out our podcast, Interpreting India available now on

YouTube, Spotify, and iTunes!

Home: https://interpreting-india.simplecast...

YouTube: https://www.youtube.com/playlist?list...

Spotify: https://open.spotify.com/show/51yeOb8...

iTunes: https://pcr.apple.com/id1476357131

--

Carnegie India Socials:

Instagram: https://www.instagram.com/carnegieindia/ (@CarnegieIndia)

Twitter: https://twitter.com/CarnegieIndia

Website: https://carnegieindia.org

YouTube: https://www.youtube.com/c/CarnegieIndia/

Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.

As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.

Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.

Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.

  continue reading

107 episoade

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