June 04, 2014 11:51 pm | Updated 11:51 pm IST - NEW DELHI:
The Finance Ministry has issued a show-cause notice to the National Spot Exchange Ltd (NSEL), which is engulfed in a Rs.5,600 crore payment crisis, asking why exemptions granted to it in 2007 should not be withdrawn. This is the second such notice to the spot commodity exchange promoted by Financial Technologies India Ltd. A similar notice had been issued to NSEL by the Consumer Affairs Ministry in 2012.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
