On September 21, 2022, National Commodity and Derivatives Exchange Limited organised an online expert talk at TMIMT College of Management for the students of B.Com, B.B.A. and M.B.A. The main object of this programme was to make the students more sensitive towards the commodity and derivatives market and to understand the role of the NCDEX. Mr. Uttam Kumar, a certified financial planner and chartered finance expert was the guest speaker at the session.
He has more than 17-year experience in this field. He talked about the commodity market, the agriculture system and the role of the Securities and Exchange Board of India (SEBI). He said that SEBI was constituted as a non-statutory body on April 12, 1988, through a resolution of the Government of India. SEBI was established as a statutory body of the India Act, of 1992 and came into force on January 30, 1992. Currently, Mrs. Madhabi Puri Buch is the chairman of SEBI who took charge on March 1, 2022, in the place of Mr. Ajay Tyagi.
While addressing the students, he used a beautiful example- ‘Hindi Farmer and English Farmer’ for the commodity and derivative market. He defined some technical terms such as Forward, Futures and Option in a very simple way. He spoke about some big shots like Ambani Brothers and Rakesh Jhunjhunwala. He told students that Rakesh Jhunjhunwala started the investment in this sector with a small amount and in a very short period, he became a financial wizard.
During the lecture, Mr. Kumar put a questionnaire so that he can connect with students till the last moment. The main purpose of this event was to motivate youngsters to invest in derivative markets and build their future in this field. He used a creative PPT to explain all the basics of commodity and derivative markets. The programme was coordinated by Dr. Bindoo Malviya and concluded with a vote of thanks by Dr. Vipin Jain, Principal, TMIMT College of Management.
TMIMT College of Management is the best private management college in U.P known for its best placement and academic excellence. The college regularly conducts industry-academic interaction programs, guest lectures, conclaves, seminars, mentorship sessions, and workshops for students and helps them find good placements in top MNCs. To know more, please visit- https://www.tmu.ac.in/tmimt-college-of-management