Sunday, Sep 24 2023 | Time 13:42 Hrs(IST)
Business Economy

Gold industry has a great potential to create jobs: Rajaraman

New Delhi, Feb 9 (UNI) Gold industry has a great potential to create jobs and contribute towards economic growth, Mr K Rajaraman, Additional Secretary, Department of Economic Affairs said on Saturday.
''As gold industry has a great potential to create jobs and contribute towards economic growth, a sound policy framework that is systematic in structure is required.
A systematic gold policy framework will align the interest of different stake holders with the objectives of policy,'' he said during the inaugural session of the Conference on Gold and Gold Markets 2019, organised by the India Gold Policy Centre (IGPC) of the Indian Institute of Management - Ahmedabad (IIMA) here.
He emphasised on the need for more research on consumer behaviour related to gold, as well as on product design, spot exchange and how banks could include Gold in their options.
Also present on the dais were Mr P R Somasundaram, MD, World Gold Council India; Prof Arvind
Sahay, Professor of Marketing and International Business and Chairperson of IGPC; and Mr Brian M Lucey, Professor of International Finance and Commodities, Trinity College Dublin.
Earlier, Prof Sahay welcomed the gathering, describing the event as ''a forum that IGPC would
like to develop as the forum for research based insight on gold in India. That brings to gather
academia and industry.''
This was the institute's second conference on policy-relevant research on gold-related topics
and focused on a wide spectrum of topics that ranged from household motives to invest in the
precious metal to macroeconomic policy choices.
It served as a platform for meaningful interaction among academia, policy makers and other key stakeholders in the gold ecosystem.
More News

Sintex to set up manufacturing unit in Telangana with Rs 350 cr investment

23 Sep 2023 | 6:50 PM

Hyderabad, Sept 23 (UNI) : Sintex which is a part of Welspun Group, will set up a manufacturing unit in Telangana with
an investment of Rs 350 crores.

see more..

Kottayam-Kochi Rubber Market Rates

23 Sep 2023 | 5:38 PM

Kottayam, Sep 23 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
RSS FOUR: 14550
RSS FIVE : 14200
RSS FOUR : 14550
RSS FIVE : 14200

see more..

Stakeholders call for self-reliant, cost-effective shift in chemicals sector

23 Sep 2023 | 5:24 PM

Thiruvananthapuram, Sep 22 (UNI) The chemicals sector in the country needs to be more self-reliant and cost-effective to bring down its dependence on external sources by strengthening the collaboration between research and development institutions and industry, say industry stakeholders.

see more..

Pulsus Group secures highest seat allocations under IBPS

23 Sep 2023 | 2:42 PM

Hyderabad/New Delhi, Sep 23 (UNI) Hyderabad-based Pulsus Group on Saturday said it has achieved a remarkable milestone by securing the highest number of seat allocations under the Indian Business Promotion Scheme (IBPS), a visionary initiative of Prime Minister Narendra Modi as part of the ambitious Digital India Programme.

see more..
AITUC extends full support to AIBEA's struggle for adequate recruitments in Banks

AITUC extends full support to AIBEA's struggle for adequate recruitments in Banks

23 Sep 2023 | 11:08 AM

Hyderabad, Sep 23 (UNI) The three-day National General Council meeting of All India Trade Union Congress (AITUC), which began in Tirupur in Tamil Nadu on Friday has extended its full support for the country-wide campaign and struggle of All India Bank Employees' Association (AIBEA) demanding adequate recruitments in banks and opposing outsourcing of regular jobs.

see more..