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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.

Chandigarh November 21, 2020

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The Department of Mathematics, Panjab University, Chandigarh, in association with the Chandigarh Chapter of the National Academy of Sciences, India and the Society for Promotion of Science of Science & Technology in India (SPSTI)organized a two day online conference,“Life, Work and Legacy of Srinivasa Ramanujan”, to commemorate his 100th death anniversary. 

Two sessions were organized, on November 20 and 21. They were attended by 100 participants on the zoom and around 5900 reached on Facebook page of SPSTI. Former Vice Chancellors of PU Prof. Arun Grover and Prof K.N. Pathak along with Prof. I. B. S. Passi,well known Mathematician from the Department, graced the occasion.

The session on November 20, 2020 started with welcome address by Prof. Gurmeet Kaur Bakshi, Chairperson, Dept. of Mathematics, PU. Shri DharmVir, President, SPSTI gave a brief introduction of the work and initiatives of SPSTI for promotion of science and technology among young minds. 

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The first lecture, “the tragedy and triumph of life of the genius”, was delivered by Padma Shri Prof. Dinesh Singh, Chancellor, K. R. Mangalam University, Gurugram and former VC, Delhi University. He dwelled on the life of Ramanujan and presented the achievements and challenges he faced in a very lucid manner. He mentioned how inspite of facing many difficulties throughout his life he pursued his grand passion for till his last breath. 

Ramanujan was the first to show the British that Indians not only can match them but can also be better. During his short life span, the great Mathematician Srinivasa Ramanujan (1887 – 1920) independently compiled nearly 3900 results (mostly identities and equations).

The next speaker, Prof. George Andrews, Evan Pugh Professor of Mathematics at Pennsylvania State University, Prof. Andrews deliberated on how Ramanujan may have thought of the mock theta functions. He engaged the participants with a detailed derivation of mock theta functions and also mentioned that there are three more functions which Ramanujan mentioned in his last letter to Prof. G.H. Hardy which are higher order series, not related to each other, and remain mysteries till today. Both the lectures followed with questions which were answered in detail by both the speakers. 

Prof. VanitaVerma presented vote of thanks.

The last session of the conference was on November 21 in which Prof. A.K. Agarwal, Dept. of Mathematics, Panjab University, Chandigarh, delivered a very insightful and critical lecture, “The Legacy of Srinivasa Ramanujan”. The Mathematician talked on various aspects of his life and research considering his family, his struggle and also his spirituality. His practical approach to the life of Ramanujan made the audience on Zoom and facebook page of SPSTI connected with both the Speaker and the great Ramanujan. The talk ended with a discussion on inclusion of Ramanujan’s work at junior classes as well. 

DrAnjana Khurana delivered a vote of thanks.

Chandigarh November 19, 2020

The Department of English and Cultural Studies has become the first department in Panjab University to organize an online “Ice Breaking Session”  under the guidance of Prof. Deepti Gupta, Chairperson. This event was an effort by the students of MA English Final Year to welcome the new batch.

Prakhar Sinha, Class Representative, MA Final Year welcomed everyone and introduced his classmates who were serving as the speakers and mentors, to their juniors.

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The new students introduced themselves with their respective career aspirations and academic backgrounds. They were high on energy and posed several questions about the department and its academics. Senior students enthusiastically resolved their queries and briefed them about various highlights of the department. COVID-19 had put students through challenging times but the Ice Breaker and a hearty conversation cheered everyone up. Marking pattern, Hostel admission procedure, Optional subject choice related questions were the most frequent ones. Many of them were anxious about the new syllabus introduced in 2019, but final year students reassured them with the promise of thorough guidance. The pandemic didn’t allow the senior students to meet and greet the new batch, but technology allowed them to connect which left everyone ecstatic. Senior students spoke about the kinds of challenges they faced when preparing for exams and provided juniors with study strategy and tips to score well. Inspiring examples of the class toppers were given to motivate juniors for meritorious academic performance.

The boarding students spoke about plenty of student accommodations available for students who don’t qualify for a hostel. Senior students discussed the major attractions of Punjab University like Annual Fests, Departmental events, Campus life and the liberal hostel life. New students were reassured about the University’s institutional support, gender inclusive space, innumerous platforms for talent and an equal environment for all. Regular initiatives taken by the senior students to bond with junior students were also discussed in detail. Seniors concluded by saying that all students should support each other.

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The new students felt that the interactive session had been immensely helpful to them. They expressed their gratitude to the senior students for the warm welcome. The session ended with everyone hoping to meet soon.