The business fell in bullion, metals, energy and agricultural commodities during the April-November period of 2014-15 fiscal.
The turnover from bullion declined by 60 percent to Rs 13.14 lakh crore till November 15 of this financial year from Rs 33.15 lakh crore in the year-ago period.
Similarly, the turnover from energy items like crude oil fell by 51 percent to Rs 8.90 lakh crore from Rs 18.05 lakh crore, while the business from metals like copper dropped by 41 percent to Rs 7.94 lakh crore from Rs 13.51 lakh crore in the review period.
The turnover from agricultural commodities also declined over 25 percent to Rs 7.05 lakh crore in April-November of this year, against Rs 9.43 lakh crore in the year-ago period.
The turnover from bullion declined by 60 percent to Rs 13.14 lakh crore till November 15 of this financial year from Rs 33.15 lakh crore in the year-ago period.
Similarly, the turnover from energy items like crude oil fell by 51 percent to Rs 8.90 lakh crore from Rs 18.05 lakh crore, while the business from metals like copper dropped by 41 percent to Rs 7.94 lakh crore from Rs 13.51 lakh crore in the review period.
The turnover from agricultural commodities also declined over 25 percent to Rs 7.05 lakh crore in April-November of this year, against Rs 9.43 lakh crore in the year-ago period.
Experts attributed the fall in trade volumes to poor participation in
view of higher transaction cost, especially after the imposition of
Commodity Transaction Tax (CTT) from July 1, 2013.
That part, investor sentiments took a beating after Rs 5,600 crore scam surfaced at spot exchange NSEL, they added.
There are four national and six regional-level commodity exchanges operating in the country.
That part, investor sentiments took a beating after Rs 5,600 crore scam surfaced at spot exchange NSEL, they added.
There are four national and six regional-level commodity exchanges operating in the country.
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