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Sugar Industry Workshop
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NCDEX Institute of Commodity Markets and Research (NICR) organized a workshop on ‘Indian Sugar Industry: Unpredictable Risks and Risk Mitigation Alternatives’ on January 30, 2009. The risks faced by the sugar industry in the country and mitigation tools that can be used to alleviate the same were discussed in detail by the participants. The workshop saw the participation of senior government officials, manufacturers, industrial users and sugar trading companies. Mr. Sanjay Kaul, MD & CEO, National Collateral Management Services Limited (NCMSL) and Mr. Madan Sabnavis, Chief Economist, NCDEX Ltd. chaired the sessions.
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“NICR launches NCDEX Commodity Certification Course and NCDEX Commodity Professional Programme”
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NCDEX Institute of Commodity Markets and Research (NICR) has launched the ‘NCDEX Commodity Certification Course’, the country’s first and only E-learning programme in the commodity sector, with as many as 40 test centres spread across the country. It is now launching the ‘NCDEX Commodity Professional Programme’, a 50 hour part-time programme combining e-learning, classroom training and online simulated trading, on 4th August 2008 at its own premises.
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The NCDEX Commodity Certification Course is a self-study course aimed at equipping learners with both academic and applied knowledge pertaining to commodities trading. The course material, a combination of printed study manuals and online access, provides the right blend of theoretical understanding of the concepts and practical application of commodity trading strategies. More information on the Course is available at
http://ncdexcourse.nicrindia.com
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The ‘NCDEX Commodity Professional Programme’ is aimed at students as well as executives already working in the commodity sector, who wish to acquire a deeper understanding of commodity markets in India and abroad as well as to gain intensive knowledge of trading, hedging and arbitrage strategies. This course, a unique combination of E-learning, classroom training and online simulated trading, comprises of 30 hours of classroom training and 20 hours of simulated trading using live commodity exchange data, spread over 4 weeks, besides online E-learning and self study. For more information on the Programme, click here.
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Inauguration of NCDEX-DFS Centre for Commodity Markets and Derivatives Research on 28th January, 2008
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National Commodity & Derivatives Exchange (NCDEX), its subsidiary Institute NCDEX Institute of Commodity Markets and Research (NICR), and the University of Delhi have jointly set up the NCDEX-DFS Centre for Commodity Markets and Derivatives Research. The envisaged role of the Centre is to promote research and education in the relatively virgin domain of commodity markets, especially commodity derivatives.
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A Memorandum of Understanding (MoU) was signed by Dr. A. K. Dubey, Registrar, University of Delhi and Mr. Sanjay Kaul, Director & CEO of NICR in the Delhi University Campus in the presence of Prof. Deepak Pental, Vice Chancellor of University of Delhi, Mr. P H Ravikumar, MD & CEO of NCDEX. Prof. Dinesh Singh, Director, South Campus, University of Delhi and Prof. Sanjay Sehgal, Head of Department, DFS were also present at the inauguration.
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The Centre will be housed in the South Campus of the University of Delhi’s Department of Financial Studies (DFS). It will undertake research and education and build awareness and deepen understanding in the area of commodity markets and derivatives. The Centre is also expected to create a platform for collaboration among academia, practitioners, policy makers, industry and other stakeholders.
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NICR Launch and National Workshop on Commodity Research on 10th October, 2007
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NCDEX Institute of Commodity Markets & Research (NICR) was launched on 10th October, 2007 at the India International Centre, New Delhi. The inaugural event of the Institute was a National Workshop on Commodity Research. Shri Y. S. Bhave, Secretary, Department of Consumer Affairs, Government of India was the Chief Guest. Dr. Arjun K. Sengupta inaugurated the workshop and formally launched the Institute.
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The Workshop was the first in a series of the Institute’s programs to further its key mandate in promoting scholarship and a better understanding of the dynamics of commodity markets, especially the commodity derivatives market in India. It brought on one platform the country’s empirical and theoretical researchers interested and working in this area.
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Futures trading in commodities in India has been permitted from 2003 and since then the commodity futures market has witnessed phenomenal growth. However, there remain critical issues that need to be addressed to ensure further deepening and efficiency of these markets. Like any other emerging area, there is dearth of independent, credible and easily accessible research material on the subject in India.
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NCDEX, which has emerged as a leading commodity exchange in the country, has promoted NICR, a not for profit institute, to meet this research gap. NCDEX is a professionally managed company and has been promoted by public and private sector institutions of global repute. The vision is to make NICR recognized nationally as an independent, credible academic and research institute of eminence.
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The Institute has planned to bring out the first issue of its research journal, Journal of Commodities & Derivatives, in 2008. The Journal will be published by SAGE, the world’s leading publisher of research journals and will be marketed world wide from its offices at Los Angeles, London, New Delhi and Singapore. The Journal’s Editorial Board will comprise academicians of global repute. The Journal will provide a novel opportunity to researchers interested in this upcoming area to share their findings with academics and practitioners across the globe. It will publish high quality, original, scholarly papers, that will be 'blind refereed' by reputed experts in this area. The Institute is optimistic that it will become the most reputed and widely read journal in its class. We are confident that researchers in India will contribute their original research work to the Journal for publication. The workshop was mainly intended for such contributors.
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