Today, G Madhavan
Nair, former chairman of the ISRO and chairman of the Centre for Management
Development will inaugurate the two-day India Rubber Meet 2015, organised
jointly by the Rubber Board and other stakeholders association, at Le Meridien
Convention Centre, Kerala.
The theme of meet is ‘Finite
Resources: Infinite Opportunities’, which will explore the the commercial
opportunities of rubber, including the auxiliary activities. It will also
examine the green agenda, referring to new sustainability goals. Experts from
different areas of rubber cultivation and industry will speak on areas such as
the economics of rubber cultivation and industry, technical issues, and new
breakthroughs in research.
Experts and key
stakeholders from different segments of the rubber industry across the world
will participate in the panel discussions. The Panel discussions will be
chaired by A Jayathilak, chairman, Rubber Board of India; and A K Krishnakumar,
executive director, Infrastructure Leasing and Financial Services, New Delhi.
India is expected to import
about 425,000 tonnes of natural rubber in the current financial year. The gap
between domestic and overseas prices will ensure higher imports.
Reserve Bank of India
today cut repo rate by 25 basis points to 7.5% from 7.75%. The move comes on
the back of lower inflation. The cut in the policy rate by RBI will help in
lowering interest rate for individual and corporate borrowers.
The benchmark RSS4 grade rubber closed at `.139.65
a kg at Kottayam, while RSS3 grade closed at `.116.37 a kg at
Bangkok and Malaysian SMR20 closed at `.87.50 a kg. On National
Multi Commodity Exchange March 2015 futures closed at `.124.17
a kg, April at `.125.33 and May at `.126.81 a kg. On Tokyo
Commodity Exchange, March 2015 futures series closed at ¥221.3 a kg, April at
¥221.6, May at ¥222.9, June at ¥221.2, July at ¥219.6 and the contract for
delivery in August 2015 closed at ¥219.5 a kg.
For Union
Budget 2015-16 Highlights visit: www.rubber4u.com
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