The Hindu : New Delhi News : DU sets up new centre for commodity markets, research

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DU sets up new centre for commodity markets, research

Staff Reporter

It will be housed in the Department of Financial Studies

A memorandum of understanding to this effect has been signed
‘Country needs young, vibrant minds to look at challenging issues in a new way’

NEW DELHI: Delhi University and National Commodity and Derivatives Exchange Ltd. have decided to jointly set up a new NCDEX-DFS Centre of Commodity Markets and Derivatives Research on the South Campus.

The centre will be housed in the Department of Financial Studies (DFS). It will undertake research, education, build awareness and deepen understanding in the area of commodity and derivatives.

The centre is also expected to create a platform for collaboration among academia, practitioners, policy-makers, industry and other stakeholders.

A memorandum of understanding to this effect was signed this past week by Registrar A. K. Dubey and Director and Chief Executive Officer of NCDEX Institute of Commodity Markets and Research Sanjay Kaul in the presence of Vice-Chancellor Deepak Pental and NCDEX Managing Director and Chief Executive Officer P. H. Ravikumar.

Speaking on the occasion, Prof. Pental called upon the younger generation to undertake original research on challenges confronting the country.

“It is only this way that we can become leaders rather than just service providers. The country urgently needs young, vibrant minds with a spirit of enquiry to look at challenging issues in a new way. There is a need for greater flexibility and giving up territorial and sectoral rigidities,” he added.

Outlining the new centre’s role, Mr. Kaul said: “Given the surging growth of commodity markets in India, awareness on these markets remains grossly below required levels. This centre will provide a direction in addressing this knowledge gap,” he said.

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