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Major News and Events of 17 October 2017 |
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What Happened on 17 October 2017
Gold options trading on MCX launched
Politics
Prime Minister stated that Ayurveda experts need to find medicines which give immediate relief to patients and also keep side effects at bay.
Prime Minister Narendra Modi dedicated to the nation All India Institute of Ayurveda at Sarita Vihar in New Delhi. According to reports, the first phase of the project has been completed at a cost of 157 crore rupees and its campus is spread over 10 acres and its has both hospital and academic blocks. Prime Minister stated that there should be an Ayurveda hospital in every district of the country and AYUSH Ministry is working in this direction. Mr Modi said that in the last three years, more than 65 Ayush Hospitals have been opened in the country.
Business
Finance Minister Arun Jaitley has launched gold options trading on the leading commodity bourse MCX. MCX is the leading commodity bourse in the country with a market share of over 90 per cent. Options are derivatives which give a buyer the right but not the obligation to buy or sell an underlying asset or instrument at a specific price on or before a certain date.This is the first product for options trading that the regulator Sebi has allowed after 14 years of commencement of commodity exchanges in the country.The gold options contract launched today allows trading in 1kg gold.
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