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Chandigarh November 27, 2020

University Institute of Applied Management Sciences, Panjab University organized a webinar on “Commodity Derivative and Investor Education”. Mr. Sanjay Ghakar, Vice President, Multi-Commodity Exchange of India Ltd., New Delhi and Mr. Yogesh Chander, Manager, Securities and Exchange Board of India were the key speakers and was attended by over 200 participants.

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Mr. Sanjay Ghakar talked about commodity market intertwined with how commodities are different from other investment avenues. When commodity prices are talked about, Forex Rates, Geo political situations, consumption patterns are some of parameters that are required to be factored in. In addition, he also deliberated on what is commodity price risk and how to alleviate it by using Spot market, Forward market, clearing corporation and hedging intertwined with a lot of  tips on portfolio diversification (how involving commodities can reduce risk). He ended up saying that financial markets require way more penetration as of  now, they are less than even 5% and India being one of largest producer and consumer of commodities because of sheer size of its population wants more innovative financial instruments so as to hedge the price risk in Commodities market. For this, SEBI has already started trading in options also which is a welcome step.

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Mr. Yogesh Chander from SEBI divulged a lot information  and started off  with the key players in Securities market like Major Exchanges, Clearing Corporations and Depositories and how Securities market has evolved in all these years. He also explained the exemplary role of SEBI as a regulator of Securities market established itself and  is protecting interest of investors and developing securities market for smooth functioning in tandem he also made students aware of multitude of   products available in securities market like equity, debt. He also emphasized on how mutual funds are instrumental in diversification, benefits of SIP, various schemes like ELSS (Equity linked Saving Schemes) for tax exemption and power of compounding (which Einstein called as 8^th wonder of World). He also cautioned students about various Ponzi Schemes through an example and CIS (Collective Investment Scheme) regulation in SEBI Act to deal with them. At the end, he walked participants through the various awareness programs SEBI is orchestrating in various parts of India through these webinars and also grievances redress platform SCORES.

The participants were given a whole new concept which helped them put in perspective a lot of information regarding commodity markets and why they are of paramount importance in the current scenario. The seminar intrigued the students and they ended up asking a lot of questions which were successfully  taken up by the eminent guests and concomitantly were answered too which made this event an eye-opener for the students.

Prof. Upasana Joshi Sethi, Director,UIAMS welcome the eminent speakers and Dr. Monika Aggarwal, Coordinator of webinar proposed the vote of thanks. Efforts of Team ECRC including Mr. Hitesh Gupta, Barkha, Nitin, Diksha, Shivam,Sonaliwho were the frontrunners in this event were highly appreciated.

Chandigarh November 25, 2020

Panjab University, Chandigarh has been granted patent for Electronics Preferential Voting Machine (EPVM) which relates to a voting system based on preferential voting as per single transferable vote method. Prof. Manoj Kumar Sharma of University Institute of Engineering and Technology(UIET) is the inventor of the EPVM and the work was started in 2010 and the design is being modified with improved features. In the EPVM, the complete election process (voting as well as counting) is automated i.e. voting is done using electronics machine and counting is done using the software.

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 At present, in India, an election based on the preferential voting system is conducted for the selection of various prestigious posts including President of India, Members of Rajya Sabha, Members of Bar Councils, Members of Senate of Panjab University Chandigarh, etc. The Prestigious Oscar awards are also decided on the basis of same voting system. Till now, the election based on the preferential voting system is held using a paper ballot and counting is done manually. However, in EPVM, the voting is done on electronic machine and counting is done using the software.

In preferential Voting system, the most preferred candidate is the winner instead of one getting maximum first votes as the case of general elections. The preferential voting system is a more democratic process as it demonstrates the decision of the masses. However, because of the complexity of the process it is not used generally.

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The EPVM designed at UIET, PU will make the system of voting automated, easy to adopt and simple to use. EPVM will facilitate a smarter method conducting elections in bodies, like bar councils, associations, unions, etc.. This will promote other organisations also to adopt this improved system of conducting elections. 

The University is looking forward to use of the EPVM machine, which is now being developed with support from DST and DIC. In order to make multiple machines and deploy it for validation, merits and feedback, the university is exploring the possibility of some private players joining for promoting this machine.