Early Times Report
Doda, Feb 12: NABARD Consultancy Services (NABCONS) organized one day Capacity Building Programme on Forward Markets for Traders in Doda.In the beginning the Traders were made aware about the genesis of Commodity exchanges and how they work by Sh. Rajesh Badyal,DDM NABARD. Therafter they were apprised of the commodities which are being traded in these exchanges. They were also apprised that trading through these exchange is safe as these are being regulated u/Forwards Contracts(Regulation Act 1952 ,Ministry Consumer Affairs, Food and Public Distribution. They were explained in detail the players involved in the process and the terminology being used in such exchanges viz derivatives- spot, forward and futures, advantage and disadvantage of forwards, market participants- Hedgers, Specuiators and Arbitragers and the basic principles of hedging and speculation .Though it is a new concept for the traders of Doda yet during the interactive session the traders found the programme very knowledgeable and were of the opinion that they gains will be utilized fully once the digitalization in Doda is taken up. |
