Question
The Centre’s planned mineral trading exchange is
proposed on lines similar to which international platform?Solution
The government announced a mineral trading exchange similar to the London Metal Exchange (LME). Alongside this, the Centre is pushing for steel companies to adapt boilers for using Indian coal, and plans to increase production of coal, iron ore, and aluminium, with efforts also to export coal and iron ore. The exchange will be governed by SEBI to ensure standardized trading and transparent price discovery.
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