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13 Feb 2018

Dean, Faculty of Commerce, AU:
Regional Seminar on “Financial Inclusion through Financial Education” organized by the Faculty of Commerce, University of Allahabad in association with SEBI, NSE, SBI Mutual Fund and NISM A Two Days’ Regional Seminar on ‘Financial Inclusion through Financial Education’ was organized by Faculty of Commerce, University of Allahabad on 12th and 13th February, 2018 in association with SEBI, NSE, SBI Mutual Fund and NISM. Prof.  Prahlad Kumar, Dean, Faculty of Commerce welcomed the guests and the delegates. He highlighted the importance of financial education for the students and said that the development of economy depends on the judicious use of financial resources. It has gained added importance in the changing global business environment and therefore such seminars should be conducted on regular basis in the departments.  Prof. Asheem Mukherjee, Head, Department of Commerce and Business Administration and Prof. Manmohan Krishna, Head, Department of Economics, highlighted the role of financial education and its expansion to the remote areas of the country. Prof. Ashok Mittal, Former Chairman, Department of Economics, Aligarh Muslim University as Guest of Honour said that “Inclusive growth is the demand of the present economic scenario and for this financial inclusion is of utmost importance. He said that looking at the attitude of Indian investors, the knowledge about the working of share markets is the need of the hour. Prof Nitin Tike, Guest of Honour highlighted the role of National Institute of Securities Market (NISM). He said that this organisation provides career opportunity to students through various certification courses in financial market. The Chief Guest, Mr. Mohd. Atif Alvi, DGM, SEBI, New Delhi focussed upon the Education initiative of different security management institutions and the role of SEBI in investors’ education in India. Addressing the Session Hon’ble Vice-Chancellor, University of Allahabad Prof. K.S. Misra narrated his experience regarding financial fraud and emphasized that investors must have sound knowledge related to investment. He said that though financial inclusion is the need of the hour, but due to digital illiteracy, sufficient precautions are needed by the investors and the Government should also understand this fact. The first session was addressed by Mr. Arun Shukla, Manager, SEBI on the role of SEBI in securities market. He said that SEBI being the regulator, acts as referee of the Indian securities market and thus the existence of SEBI gives confidence and empowerment to investors’ of the market. He informed about the Grievance Redressal System of SEBI: the email IDs, toll free numbers and the websites available to investors for filing their complaints. He informed that the role of SEBI has broadened from comprehensive regulations to robust surveillance system (IMSS and DWBIS). He also told about the extent of punishment and penalties that can be imposed by SEBI. The entire session was very interactive; many questions were asked by audience regarding cases filed to SEBI. Mr. Alvi and Mr. Shukla responded to the questions asked. The second session was addressed by Mr. Vipul Khajuria, Manager, National Stock Exchange (NSE) on “The Principles of Sound Investing”. He explained that how demonetization has increased investments in shares and debentures. He highlighted the different investment options available to investors for investing their money like stocks, mutual funds, corporate debt, Real Estate, Exchange traded Funds, Gold, PPF and derivatives etc. He said that financial assets have three important criteria: Safety, Liquidity and Returns and that investors should identify their investment needs and risk bearing capacity before investing in financial assets and constructing portfolio. He also gave his views on different market segments including Debt Market, Equity market and Equity Derivatives. The third session was devoted to careers in national stock exchange. It was delivered by Dr. Nitin Tike, Professor at NISM, Mumbai. He started with introducing different types of financial institutions and markets. He introduced the basic concepts of banking, non-banking and securities market. Further, he suggested about huge career opportunities in area of securities market. He told that there are so many courses - short-term as well as long-run which are purely professional and job oriented. He told that NSE is the leading stock exchange in India and the fourth largest in the world by equity trading volume and has started different types of certificate and diploma courses such as, Certification on Equity Portfolio Management, Certified Program on LIVE TRADING STRATEGIES, NSE Academy's Certified Capital Market Professional (NCCMP) and Online NSE Academy's Certified Capital Market Professional (E-NCCMP). He suggested that these courses are easily available and different from traditional courses and provides greater percentage of placement in corporate as well as government sector. The participants were found to be greatly enthused by his lecture and asked many questions about career opportunities.  The fourth and the last session was designed on mutual fund investment strategies. The lecture was delivered by Mr. Gurvinder Singh Chaddha, Chief Manager, SBI Mutual Fund, New Delhi. He expressed his views on concept of taxation and risk analysis in mutual fund. His lecture was very much analytical in the sense that mutual fund are better instruments for portfolio investment. He narrated that there is a common conception that government securities are risk free but he pointed out that these securities also have market risk. He told that the government securities tax longer time for return as they are risk free until maturity period. He pointed out that this happens because of two technical instruments such as interest rate and inflation. Like this, he produces an analysis that mutual funds are better hubs of investment in comparison to others because they provide high and early return with more security. The session was ended by a complement given by Dr. Karimullah that ‘we had heard that mutual fund minimise the risk of investment but he made realised that how it can’.  On the last day of the Seminar, Prof. Prahlad Kumar expressed his gratitude for organising this seminar for the students as there is a need for them to understand the intricacies of financial markets. He said that it is important for them to utilise their savings judiciously through investments in productive areas of the country. The technical sessions were coordinated by Dr. Pradeep Kumar Singh, Dr. Anoop Kumar, Dr. Rekha Gupta and Dr. Karimullah from the department of Economics and by Ms. Archana Singh, Dr. Sarita Maxwell and Dr. Anvita Raghuvanshi from the Department of Commerce and Business Administration, University of Allahabad Dr. Shefali Nandan  who was the co-ordinator of two days regional seminar gave vote of thanks.

09 Feb 2018

Dean, Faculty of Commerce. AU

The Dean, Faculty of Commerce Prof. Prahlad Kumar informs that a Regional Seminar on "Financial Inclusion through Financial Education" is being organized on February 12-13, 2018 at the Rajshekhar Hall in the Department of Commerce and Business Administration. The Seminar is sponsored by the Securities and Exchange Board of India, National Stock Exchange of India, AMFI, and SBI Mutual Funds. The seminar would be inaugurated by the Hon'ble Vice-Chancellor of the University of Allahabad. The Chief Guest of the inaugural session is Sri Surya Kant Sharma, DGM, SEBI. The Guests of Honour are Prof Ashok Mittal, former Chairman, Depaftment of Economics, Aligarh Muslim University and external member, Faculty of Commerce, University of Allahabad, and Prof. Nitin Tike, National lnstitute of Security Market, Mumbai. The seminar would have four sessions. Session I will be addressed by SEBI on "Role of SEBI in Securities Market", Session II will be addressed by Mr. Vipul Khajuria, Managei, NSE on "Principles of Sound Investing", Session III will be addressed by Prof. Nitin Tike, NISM, and Session IV will be addressed by Mr. Munish Sabharwal. North Head. SBI Mutual Fund
 

April 29, 2016

Dean, Faculty of Commerce, AU:

Shri Muchkund Dubey, former Foreign Secretary would interact with the faculty Members and research scholars of Economics Department on April 30, 2016 between 10 A.M. and 11 A.M.


July 22, 2015

Dean, Faculty of Commerce, AU-

Prof. P.C. Jain Birth Centenary

A lecture was organized by the Faculty of Commerce , University of Allahabad. On 20.07.2015 on the birth centenary of Prof. P. C. Jain, former Head of Economic Department and Dean of Commerce Faculty. Prof. Prem Vashishtha from the NCAER, New Delhi, delivered the lecture in the Prof. Raj Shekhar Hall at MONIRBA on "The Impact of MGNREGA on the vulnerable population". Prof. V.M. Vaijal conducted the proceedings while Prof. Pradeep Bhargava, Director, G.B. Pant Institute, JHusi presided , Prof. Jagdish Narayan, Dean, Commerce Faculty, Prof.  Prahlad Kumar, Head, Economics Department, welcomed the guests. They lit the lamp and paid floral tribute to Prof. P.C. Jain, Prof. A.K. Jain, son of Prof. P..C. Jain outlined the life profile of his father Prof. Shri Prakash, Dean, BIMTEC, Noida recounted his memories as a student of Prof. P.C. Jain. Prof. Vashishtha separated poverty and vulnerability and considered it in a dynamic sense. He showed that poverty declined in MGNREGA participating households. He also outlined the employment gap and resource requirement for poverty alleviation. He pointed out that, despite leakages, MGNREGA was a dynamic approach in poverty reduction. Prof. Baijal proposed the vote of thanks in the end of lecture.

 

प्रो0 पी0 सी0 जैन, पूर्व अध्यक्ष अर्थशास्त्र विभाग एवं पूर्व अधिष्ठाता, वाणिज्य संकाय, इलाहाबाद विश्वविद्यालय के जन्म शताब्दी के अवसर पर दिनांक 20.07.2015 को प्रो0 राजशेखर हाल में व्याख्यान का आयोजन किया गया। प्रो0 पी0 सी0 जैन मेमोरियल व्याख्यान प्रो0 वशिष्ठ के द्वारा दिया गया जिसका विषय "वंचित जनसंख्या पर मनरेगा का प्रभाव" था। अपने व्याख्यान में प्रो0 वशिष्ठ ने गरीबी तथा कमजोर वर्ग में भेद स्पष्ट किया। उन्होंने दिखाया कि उन घरों में निर्धनता कम हुयी जिन्होंने मनरेगा में भाग लिया। उन्होंने रोजगार अन्तराल तथा साधन आवश्ययकता को दर्शाया जिससे गरीबी कम हो सके। अन्त में उन्होंने कहा कि मनरेगा एक प्रावैगिक रास्ता है जिसके द्वारा गरीबी कम की जा सकती है। इस कार्यक्रम का आयोजन प्रो0 प्रदीप भार्गव , निदेशक, जी0 बी0 पन्त संस्थान झूँसी, इलाहाबाद की अध्यक्षता में किया गया। प्रो0 जगदीश नारायण, अधिष्ठाता, वाणिज्य संकाय, प्रो0 प्रहलाद कुमार, अध्यक्ष अर्थशास्त्र विभाग , प्रो0 जे0एन0 भार्गव, अध्यक्ष, वाणिज्य विभाग ने अतिथियों का स्वागत किया। प्रो0 ए0 के0 जैन, अर्थशास्त्र विभाग ने अपने पिता जी के जीवन के बारे में बताया । प्रो0 श्री प्रकाश, अधिश्ठाता, निदेशक, बिमटेक ने प्रो0 पी0 सी0 जैन के छात्र के रूप में अनुभवों को साझा किया। प्रो0 बैजल ने धन्यवाद ज्ञापन किया।

 

July 16, 2015

Dean, Faculty of Commerce, AU-

The Faculty of Commerce is organizing Prof. P. C. Jain Memorial Lecture on 20.07.2015 on the occasion of his birth centenary by Prof. Prem Vashishtha, Consult end and Professor, NCAER, New Delhi, at 4:00 p.m. in the Prof. Raj Shekhar Hall, MONIRBA.