1. Home
  2.  |  
  3. Economy Current Affairs |  

MCX Ltd, IamSMEofIndia signed MoU to unveil benefits of Commodity Price Risk Management

Sep 8, 2015 15:10 IST

The Multi Commodity Exchange of India Ltd (MCX) and Integrated Association of Micro, Small & Medium Enterprises of India (IamSMEofIndia) on 7 September 2015 signed a Memorandum of Understanding (MoU) aimed at creating awareness among Micro, Small and Medium enterprises (MSMEs) on the benefits of commodity price risk management.

This collaboration will encourage them to hedge on exchanges and face competition adroitly. It will also disseminate in-depth knowledge about the derivatives market and its benefits among MSMEs will lead to their growth and development.

The small businesses are hubs of innovation and entrepreneurship, they provide a varied range of products, but bear the brunt of international commodity price movements. However, this collaboration will enable and empower them to effectively manage their risks amidst unprecedented uncertainty.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Quick Digest

Who: MCX Ltd and IamSMEofIndia

What: Signed MoU

When: 7 September 2015

Is this article important for exams ? Yes2 People Agreed
Read more Current Affairs on: MCX Ltd , IamSMEofIndia , MoU , Commodity Price Risk Management

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK