Establish a healthy, autonomously managed commodity exchange system
“A healthy commodity exchange system will be established to be managed in an autonomous way.”
The verdict
The government recognised three nationwide multi-commodity exchanges (NMCE, MCX, NCDEX) on the Forward Markets Commission's advice and in April 2003 lifted most bans on commodity futures trading.
Rule applied: Kept: achieved as promised, on time or within 6 months of the deadline → 10
Evidence timeline
- BudgetUndated· Ministry of Finance (Economic Survey 2003-04)supportsEconomic Survey 2003-04: Commodity futures markets ↗
“The Government of India, on the recommendation of the Forward Markets Commission (FMC), granted recognition to National Multi Commodity Exchange, Ahmedabad (NMCE); Multi Commodity Exchange, Mumbai (MCX); and National Commodity and Derivative Exchange, Mumbai (NCDEX)”
More economy promises from this manifesto
Raise GDP growth to the 7-8% bracket
“The growth target showed up once, in the final year, just before the bill came due.”
Control the fiscal and revenue deficits
Glass aadha bhara hai. Ya aadha khaali. Depends kaun puch raha hai.
Examine and enact a Fiscal Responsibility Act
Arre wah! Ye toh sach mein hua.
Promise ID nda-ls-1999-012 · drafted 5 Oct 2026 by research-agent · JSON