Confusion over misleading Indian power futures "ban"

Reports last week suggesting India’s commodities market regulator, the Forward Markets Commission (FMC), had banned futures trading in electricity were inaccurate, says Rupa Singh, chief executive officer of trading platform Power Exchange India (PXIL). Market participants had lobbied for the postponement of electricity futures trading for some time, she adds.
 
“There is no ban, it is just that the FMC has agreed to the proposition of the electricity regulator that the time is not right for