has furnished inputs with respect to its instructions to the banks to bring
changes as per its new guidelines to strengthen their monitoring mechanism.
Circular of confidential nature was issued by RBI to all the banks in February
2018 to implement security and operational controls such as Straight-Through
Process (STP) between CBS/accounting system and SWIFT messaging system, enable
time-based restrictions in SWIFT, review logs at regular intervals, undertake
reconciliation, etc in a time bound manner, and the banks were also advised
that in case of non-compliance RBI may take enforcement action against them.
Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle
Office), Budget Division, Department of Economic Affairs, Ministry of Finance
has been bringing out a quarterly report on debt management on a regular basis.
The current report pertains to the quarter Jul-Sept 2018 (Q2 FY 2019).
Q2 of FY19, the Central Government issued dated securities worth `₹ 1,44,000 crore
as against ₹1,89,000 crore
in Q2 of FY18.
weighted average maturity (WAM) of new issuances stood at 15.04 years in Q2 of
FY 19 (14.58 years in Q2 of FY 18). The weighted average yield (WAY) of
issuances for the same quarter was 8.01 per cent compared to 6.76 per cent in
Q2 of FY 18. The temporary cash flow mismatches were bridged through issuance
of Cash Management Bills amounting to ₹20,000 crore during the quarter. The net
average liquidity injection by RBI under Liquidity Adjustment Facility (LAF)
including MSF was ₹16,097.2
crore during the quarter.
per the Economic Survey 2017-18, the electronic commerce (e-commerce) market in
India is estimated at USD 33 billion, with a 19.1 percent growth rate in
2016-17. As per the National Association of Software and Services Companies
(NASSCOM) Strategic Review 2018, in the Information Technology and Business
Process Management (IT-BPM) sector in India, the Indian e-commerce market was
USD 33 billion in 2017-18 and reached USD 38.5 billion, growing at a rate of
about 17% in the financial year 2018-19.
per extant Foreign Direct Investment (FDI) policy, FDI up to 100% is permitted
under automatic route in companies engaged in e-commerce provided that such
company engaged only in Business to Business (B2B) e-commerce. Further, 100%
FDI under automatic route is permitted in marketplace model of e-commerce but
FDI is not permitted in inventory based model of e-commerce.
Beers Group announce, it has officially launched its education partnership with
the National Gemstone Testing Centre (NGTC), China’s leading authority in the
testing and inspection of gems and jewellery, extending the accessibility of De
Beers Group’s diamond education courses to students in China.
partnership, which was officially launched at the Beijing Jewellery Show in
China on 13 December, will provide a variety of diamond education courses,
supporting the needs of multiple groups across the diamond industry. Courses
will focus on a range of content, including:
Tai Fook Jewellery Group Limited (CTF) announces that the Group and Tencent
signed a memorandum of agreement. Starting from next year, WeChat Pay Hong Kong
can be used for all purchases at designated CTF Jewellery stores in Mainland
China, encouraging Hong Kong people to use digital payment in Hong Kong dollars
and significantly enhancing Hong Kong consumers’ life experience.
Group also plans to gradually promote WeChat Pay HK to more CTF Jewellery stores
in the Greater Bay Area and other cities across Mainland China and further
extend this convenient payment method to the points-of-sale of other brands
under the Group.
to beautify all skin types and turn back time with its potent composition, the
24 Karat Mehrunisa Gold Elixir has made its way to the lands of the UAE. This
rich, skin-enhancing oil founded by Mehrunisa Shahid, is a serum infused with
ingredients used by the ancient worlds to enhance beauty and sustain youth, a
proprietary blend of natural ingredients that help brighten, hydrate and
nourish the skin.
skin regime in a black magic bottle, the 24 Karat Mehrunisa Gold Elixir is a
blend of pure essential oils infused with 24 Karat Gold. It is the ultimate
luxurious anti-ageing treatment that re-energizes, lifts and firms the skin. It
minimizes the appearance of wrinkles, helps fade blemishes and lightens the skin.
Use at night for an opulent glow and radiating complexion. It also contains
naturally occurring sun block, making it the perfect addition to your morning
skin ritual. Nothing short of a glistening miracle!
Gold Jewellers, an award winning jewellery retailer, is celebrating the festive
season with ‘cost price' offer on its range of diamond necklaces including the
Eternity collection, at no service charge. Perfect for any occasion, Eternity
necklace is punctuated with fine-cut diamonds and available in white or yellow
gold. The sophisticated design is for the passionate and stylish woman.
Diamond Mine, a world leading producer of responsibly mined diamonds, announces
the recovery of the largest known gem quality diamond ever found in North
America. The 552 carat yellow Canadamark diamond was unearthed in October at
the Diavik Diamond Mine, approximately 135 miles south of the Arctic Circle in
Canada’s Northwest Territories.
find far surpasses the previous record held by the Diavik Foxfire at 187.7
carats, which was also recovered at the same mine in 2015. Dominion owns 40% of
incredible discovery showcases what is truly spectacular about Canadamark
diamonds,” states Kyle Washington, Chairman of Dominion Diamond Mines. “The
color and texture of the diamond are a unique example of the journey that
natural diamonds take from their formation until we unearth them. Our Diavik
Mine has produced some of the most beautiful diamonds in the world, and this
one certainly tops the list.”
endeavours to bag gold at 45th WorldSkills Competition is scheduled to be held
at Kazan on 22 - 27 August 2019. It is likely to witness about 1,300 young
professionals who will compete in over 56 skills from over 70 countries
of GJSCI Sanjay Kothari said, in past India has won medallion & silver
medal yet not attained any gold! This time we endeavours to edge up our representatives
with cutting edge training to bag the gold at Kazan, Russia.
growth in the diamond jewelry retail market supported a 2% increase in cutting
and polishing revenue, putting the segment on positive ground in 2017. While
the cutting and polishing segment grew overall, profit gains in 2017 were
mostly limited to producers of small stones. Companies that specialize in
large, high-quality stones experienced pressure from retailers in 2017.
trend reversed in the first part of 2018. To sustain profitability, cutting and
polishing companies are focusing on four strategies: managing inventory levels,
shortening production cycles, optimizing yields and expanding operations.
Technology is leading improvements in the cutting and polishing segment, from
digitally mapping and modeling stones to automating cutting processes.
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