- The reason behind this JV is to boost innovation in agriculture markets.
- It is also on the lines of BSE Group’s commitment to broaden access to agricultural markets for investors and companies to create a ‘single market’ for agriculture commodities.
Objective:
To explore scope and opportunities available in the agricultural commodities trading market.
Key Points:
i.FAPL will support BEAM by connecting it with stakeholders and by providing domain knowledge.
ii.On the other hand, BEAM’s technology platform connects farmers with the businesses and individuals involved in agri-business.
iii.BSE is committed to broaden access to agricultural markets for investors and companies on the lines of the Central Government’s vision of a “single market” for agriculture commodities.
Info about BSE:
i.It is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds.
ii.It’s Investor Protection Fund (IPF) raises Capital markets related awareness among Indian investors.
iii.In 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil Guar Gum, Guar Seeds, Turmeric & Almond.
iv.It also launched India INX, India’s 1st international exchange, located at GIFT (Gujarat International Finance Tec-City) CITY IFSC (International Financial Services Centre) in Ahmedabad, Gujarat.
Recent Related News:
i.BSE has set up an ‘Innovation Sandbox’ web portal, a workflow based platform. It is a testing environment that enables FinTech firms and individuals to do offline testing of their applications.
ii.In October 2020, Securities and Exchange Board of India (SEBI) amended the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 (SECC Regulations).
About BSE:
Establishment– 1875
Subsidiaries– Indian Clearing Corporation Limited, BSE Institute Ltd, and BSEIL
Equity index– S&P BSE SENSEX
MD & CEO– Ashishkumar Chauhan
Headquarter– Mumbai, Maharashtra
