Source says govt may lift ban on tur, urad, rice futures trade.

The finance ministry is likely to lift over a decade-old ban on futures trading in tur, urad and rice as inflationary fears have subsided amid ample supplies of the farm commodities. The (finance) ministry is considering a request from SEBI (Securities and Exchange Board of India) seeking government approval to revive tur, urad and rice futures. As prices of pulses have been below minimum support prices despite the government efforts, the need for lifting the ban seems to be immediate.