In a move that will benefit farmers, the Capital Market regulator, Securities and Exchange Board of India (Sebi) will levy a nominal regulatory fee of Rs 1 lakh per exchange on turnover arising from agricultural commodity derivatives, instead of levying charges based on turnover slab rates.
The decision comes after the SEBI-board in its meeting last month approved a proposal in this matter.
The govt, Sebi and exchanges are taking many steps to promote agri-commodity derivative segment so that the benefits of agri-commodity derivatives are passed on to farmers and Farmers Producer Organizations.
Keeping in line with these efforts, Sebi in a notification on Wednesday said that the recognized stock exchanges shall pay a flat regulatory fee of 1.00 lakh (Rs. One lakh) on aggregate value of the transactions on agri-commodity derivatives.