A seminar on “The Role of Consumer Guidance Society of India” and “Need and Importance of Investment” was organized by the Department of Commerce, Mahatma Night Degree College of Arts and Commerce, Chembur on 21st December, 2017. The event started at 6.30 p.m. in room number 404. Students of T.Y. B.Com. and S.Y. B.Com. attended the seminar.
The students greeted the speakers warmly. Head of the Department of Commerce, Dr. Lata Krishnan introduced the speakers and welcomed them with a bouquet of flowers. The first speaker was Mr. Pratik Mishra from the Consumer Guidance Society of India. He illustrated his points with the help of a video. The video had interesting cases that had been resolved by the CGSI. The CGIS is a non-profit consumer organization established in India in 1966 to protect and educate the Indian consumer about sub-standard products and services, adultrated foods, short weights and measures, spurious and hazardous drugs, exorbitant prices, endemic shortages leading to black marketing and profiteering, unfulfilled manufacture guarantees and a host of other problems. The session was interesting and interactive.
Mr. Foram Shah, an investment planner by profession was the second resource person for the day. She started her session by introducing the term ‘savings’. She questioned students to find out whether they saved. She spoke at length about the importance of savings and went on to explain the concept ‘investment’. It is important that your savings grow, she explained. Making wise investment decisions ensuring growth, safety and liquidity is the need of the hour.
Foram Shah spoke about the Stock Exchange. She explained that it was not difficult to study and invest in shares sold in the stock exchange. Making systematic small investments prudently is a wise decision.
Students had many questions to ask and the session was lively and interactive.