NEWS

Committee on Deepening of Digital Payments

Committee on Deepening of Digital Payments

With a view to encourage digitisation of payments and enhance financial inclusion through digitisation, the Reserve Bank of India has decided to constitute a High-Level Committee on Deepening of Digital Payments. The composition of the Committee is under the chairmanship of Shri Nandan Nilekani, Former Chairman- Unique Identification Authority of India.

 

The Terms of Reference of the Committee are, a: To review the existing status of digitisation of payments in the country, identify the current gaps in the ecosystem and suggest ways to bridge them; b: To assess the current levels of digital payments in financial inclusion.

 


Lucara outlook 2019 announced

Lucara outlook 2019 announced

Lucara Diamond announced its outlook for 2019 and said; revenue is forecast to be between $170 million and $200 million!

 

Karowe 2019 operating cash costs are forecast to be around $32.00 - $37.00 per tonne processed, significantly lower than in 2018, where the operating cash cost per tonne processed is expected to be between $38.00 and $42.00. The completion of a Feasibility Study for underground mine advancement is a key focus for this year, with a 2019 budget of $14.8 million to complete geotechnical and hydro geological drilling programs, economic and other studies which started in 2018.

 


Sierra Leone lifts mineral rights

Sierra Leone lifts mineral rights

The Ministry of Mines and Mineral Resources and the National Minerals Agency (NMA) wish to inform the general public that after due consideration and certain measures, the suspension of the processing of application for mineral rights, which was imposed in August 2018, has been lifted, and the NMA has resumed processing of applications.

 

The Ministry of Mines and the NMA, therefore, encourage credible investors who wish to secure mining licences and other mineral rights to contact the NMA at New England Ville for further information. The Ministry of Mines and Mineral Resources and the National Minerals Agency take this opportunity to assure the public of their commitment to ensure that the people of Sierra Leone derive maximum benefits from the mineral resources.

 


Global gold-backed ETF grew in 2018

Global gold-backed ETF grew in 2018

Holdings in global gold-backed ETFs and similar products rose by 69 tonnes (t) to 2,440t in 2018, equivalent to US$3.4bn of inflows. Global gold-backed ETFs grew 3% in 2018, driven by strong growth in European funds and increased global inflows during December.** This is the first time since 2012 that the value of total gold-backed ETF holdings has finished the year above US$100bn.

 

2018 Regional flows shows, holdings in European funds rose by 96.8t (US$4.5bn, 10%) while North American funds saw outflows of 13.4t (US$667mn, 1.3% AUM). Funds listed in Asia lost total assets of 4.7t and had outflows of US$69mn** and other regions lost 9.7t (US$393mn, 29%).

 


High-grade Columba silver project

High-grade Columba silver project

Kootenay Silver announces that additional assay results from outcropping quartz veins continue to support the potential for the discovery of a high-grade silver deposit at the Company’s newly acquired Columba silver project located in Chihuahua State, Mexico.

 

Columba hosts former producing high-grade silver mine that covers a classic high-grade silver epithermal system comprised of numerous veins. The Property has never been systematically explored during modern times. Initial exploration by the Company traced mineralized veins on surface over strike lengths of 200 meters to up to 2 kilometers, while sampling returned widths of 0.5 to 6 meters with grades of up to 692 grams per tonne silver.

 


Tanishq presents the Great Diamond Sale

Tanishq presents the Great Diamond Sale

Tanishq, India’s most trusted jewellery brand, is bringing to you The Great Diamond Sale, during which you can find attractive discounts of up to 20%* on all diamond jewellery . During the Great Diamond Sale, Tanishq will offer its largest-ever assortment of diamond jewellery at all its outlets. The sale begins on the 3rd January and is open for a limited time only.

 

Tanishq has diamond jewellery for all occasions – from daily wear to work to weddings. Customers will surely be spoilt for choice with the statement earrings and rings from the Preen collection, stunning necklaces from the Red Carpet collection, Solitaires for every special occasion and wedding jewelry from the Rivaah Diamond Brides Collection.

 


Setting up of Indian Institute of Skills

Setting up of Indian Institute of Skills

Ministry of Skill Development and Entrepreneurship has approved the proposal to set up Indian Institute of Skills (IISs) in 3 locations viz. Kanpur, Mumbai and Ahmedabad in the country.

 

The basic functional design and orientation of existing skill training institutions, which were established during 1960s, have remained substantively the same and, in particular, lack modern training infrastructure and methodology to impart skill training in collaboration with industry leaders.

 

For this reason and to promote further growth of the Indian Skills sector overall, new measures have been initiated by the Government of India to establish state of the art training institutions called Indian Institutes of Skill (IISs) in Mumbai, Ahmedabad and Kanpur on Not-for-profit Public Private Partnership (N-PPP) basis.

 


Industry’s Participation in Skill Training

Industry’s Participation in Skill Training

The government has taken adequate measures to enhance industry’s participation in skill training so as to reduce the post placement dropout rate of trainees. A scheme namely Dual System of Training (DST) with an objective to enable industry to partner with ITIs for conducting training programmes in high employability courses as per industry requirement has been launched from year 2016.

 

The scheme is amalgamation of theoretical training imparted in ITIs and practical training imparted in the industry premises. The course curriculum has been redrafted as per DST framework. In the National Council on Vocational Training (NCVT) sub-committee meeting dated 28th August 2018, a number of recommendations have been made to further improve the scheme.

 


 

 

 

Celebrities sparkle in Forevermark Diamonds

Celebrities sparkle in Forevermark Diamonds

Forevermark diamonds lit up the red carpet at the 76th Annual Golden Globe Awards on actors Sandra Oh and Gemma Chan.

 

The host of the evening and Golden Globe winner, Sandra Oh, dazzled in Forevermark diamonds in three show-stopping looks. Channeling old Hollywood glamour on the red carpet, Oh donned an elegant white gown, statement diamond earrings and a stack of diamond line bracelets.

 

For her second look, Oh changed into a bold red gown and shoulder skimming diamond drop earrings. Finally, Oh accepted her Golden Globe for Best Actress in a TV series for her role in Killing Eve wearing a white gown with embellished gold sleeves, serpent-inspired diamond earrings and fancy yellow Forevermark Exceptional Diamond rings.

 


Latique’s Red Carpet collection

Latique’s Red Carpet collection

When it comes to style icons, it doesn't get much more iconic then Audrey Hepburn. Over the six decade since she first appeared on Hollywood screens, the star of classic films including Breakfast at Tiffany’s and Funny Face has become synonymous with chic sophistication.

 

Latique’s Red Carpet collection is about celebrating Audrey’s style. The secret to her look was that she made fashion and jewellery choices that were very classic and simple. The look she put together is not quite as she made it seem. And above all she stood for humanity, a real life hero.

 


 

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