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My India My Budget- Highlights 2022

The PG Department of Commerce organized a session for the UG and PG students of the college on the theme ‘My India My Budget- Highlights 2022 on 28th February 2022 from 10.00 to 11.00 pm via Google Meet. The main objective of having the budget presentation was to make the students aware about the recent changes that took place in the budget 2022 and the economy as a whole.

Asst. Prof. Ms. Pooja Shanbhag welcomed all the participants and gave a brief overview of the activity. Both the speakers, Ms. Da’Costa and Mr. Faldessai Students of M.Com Part –I, highlighted the importance of the union budget and explained in detail the major changes in various sectors. The recent budget announcement brought changes in overall economic growth and briefed the highlights such as ; digital currency; impact on businesses, taxpayers and investors; railways, roadways and the capital expenditure in the mega projects. They also pointed out the various schemes introduced in the agricultural sector and lastly an overview was given about the volatility that was created by the budget announcement on the BSE & NSE Markets of India on the day of the budget presentation by the Finance Minister of the Country.

The session came to an end with the Vote of Thanks proposed by Asst. Prof. Ms. Seema Dharani, faculty Department of M.Com. 35 participants attended the session

Life Skills Session On “Perseverance”

The Life Skills Committee of the College organized an Online Life Skills Session as a part of 30 Hours 21st Century Life Skills Certificate Course for the First Year B.Com and BBA(Financial Services) students on 28th February 2022 from 10.30  to 11.30 a.m. using the Google Meet platform. The topic of the session was “Perseverance’’. The main objective of the session was to inculcate in students the right attitude and approach towards consistency and determination towards life orientations.

The Resource Person for the session was Ms. Joyce Gracias e Fernandes, Behavioral Counsellor and PSHE Mentor & Facilitator at The Ardee School, Sangolda. Assistant Professor Racheal Goes welcomed and introduced the Speaker for the session.

Ms. Joyce Gracias e Fernandes commenced the session with an introduction to Perseverance and Persistence efforts. She further explained instant gratification, it’s ill effects and actionable ideas to avoid it. Thereafter she provided an overview on techniques of how to be persistent such as self-motivation, setting SMART goals, dealing confidently with obstacles and overcoming adversity. She shared an example of persistent efforts of Thomas Edison in inventing light bulb in-spite of failing several times. She concluded the session by addressing the queries of the students.

44 students attended the session. The session ended at 11:30 a.m. with a Vote of Thanks delivered by Ms. Trishia D’Mello from FY BBA(FS). The session was compered and coordinated by Asst. Prof. Racheal Goes.

Session on Training cum Demonstration Session in Dealing with Medical Emergencies at Workplace

The Department of Computer Science organised Training cum Demonstration session in ‘Dealing with Medical Emergencies at Workplace’ on 12th& 15th February 2022 from 03pm to 04pm via online platform. 20 BVOC (ST) Students attended the session. These students have enrolled to answer Junior Software Developer Qualification Pack. This module is an integral part of the skill component of the curriculum offered under B.Voc.(Software Technologies) programme being offered by college. The Resource Person for the session was  Dr. Sushant raikar (B.A.M.S) Gomantak Ayurved Mahavidyalaya and Research Centre Shiroda.

The first session began with the welcome address by Dr. Sushant Raikar followed by the training in ‘Basic Life Support’. The topics covered during this session was classification of patient, Cardiac Arrest, use of CPR and AED, Respiratory Arrest, Fainting (accidental, non-accidental), and Seizures (first & repeated). In this session, doctor explained the situations and the different ways of tackling it. Dr Raikar also spoke on Trauma, Bleeding, Fracture (open & closed), Skull and Spine Fractures and Collarbone fractures. Along with awareness on above topics, he also explained the basics of ABCDE model, handling the cases and Good Samaritan Law of India.

For the session held on 15th February Dr. Sushant Raikar spoke and informed the students about ‘animal bites’. He mentioned that all the bites are not dangerous in nature and how to identify the bites of serious nature. He specifically discussed about thedog and snake bits. He also discussed topics choking, drowning, and burning and its types. He explained to the audience on how to take care of different types choking for different age groups. He also shared his experiences with the students. Faculty In charge for the session were Mr. Sameer Patil   and Mr. Andre Pacheco, Assistant Professor, Department of Computer Science.

Webinar on ‘Understanding the Commodity Derivatives Market’.

The BBA(Financial Services) Department in association with the National Commodity and Derivatives Exchange (NCDEX), Investor Protection Fund (IPF) Trust, Mumbai organized an Investor Awareness Program through a Webinar on ‘Understanding the Commodity Derivatives Market’. The Webinar was organized on Saturday, 19-02-2022 from 10:00 a.m. to 12:00 p.m. through the Webex platform.  54 participants fromFY and SY BBA(FS) class attended the same.

The objective of the Webinar was to create awareness amongst the potential investors through the dissemination of knowledge on the fundamental terminologies and concepts related to the commodity derivatives markets. Ms. Sanchia Patricia Da Costa, a student of SY BBA(FS) B class, commenced the Webinar with a brief introduction followed by the welcome address by Dr. Rodney D’Silva, Vice-Principal, Ms. Sanchia introduced the Resource Persons of the Webinar. Resource Person Mr. Ratnesh Mishra is a Deputy Manager at NCDEX, Mumbai having a vast experience and expertise in Regulatory Compliance, Arbitration, Investor Grievance, Trading and Clearing Operation of Exchange, PMLA, KYC, Transaction Monitoring and other allied activities. Resource Person Ms. Nikita Nagdev is a Senior Executive with NCDEX, Mumbai. She is a finance and stock market enthusiast and an alumnus of the BBA(Financial Services) Department of the College.

Mr. Mishra conducted the Webinar in two sessions. He commenced the first session by explaining the difference between stocks and derivatives. He briefed upon several terminologies related to the derivatives contracts like futures, forwards, options, swaps, long position, short position, spot contract, expiration, market maker, spread, etc. He elaborated on the origin and the status of the commodity derivatives market in India. He further explained the significance of an efficient commodity derivatives market that would play a crucial role in spurring the economic development in a rapidly flourishing agrarian economy like that of India. He also highlighted the key trends in the commodity markets that have been paramount in revolutionizing the commodity derivative markets in India.

During the second session, Mr. Mishra provided important insights on the NCDEX. He explained the NCDEX Commodity Index that is an equal-weighted spot price index of ten agricultural commodities. He highlighted the fact that the NCDEX Commodity Index is the first such index that has been launched in India. He elaborated on the NCDEX’s ‘Raison d’ etre’ that serves as an efficient platform for Price Discovery and Price Risk Management. He further stated that NCDEX offers a diverse range of products that open a plethora of opportunities to cater to the needs of various sets of participants in the agri-value chain. In his concluding remarks on the significance of NCDEX, he stressed that the NCDEX is a professionally managed online, multi-commodity exchange focusing on revolutionizing India’s agricultural sector since it has been India’s largest agricultural derivatives exchange with a market share of 75% in agricultural derivative contracts for the Financial Year ending March 2021. He ended the session by pointing out the prime training and developmental initiatives of the NCDEX.

Mr. Mishra responded to all the questions put forth by the participants. Ms. Sanchia Patricia Da Costa, a student of SY BBA(FS) B class was the compere for the Webinar while NCDEX, Mumbai hosted the same. Asst. Prof. Mayuresh Adsul, the in-charge faculty, proposed the Vote of Thanks. The NCDEX provided system-generated e-certificates to all the participants on their registered e-mail IDs after the online feedback submission.

Webinar on ‘Career Insights & Finance Sector Entrepreneurship’

The Career and Placement Cell in association with the Institution’s Innovation Council (IIC) organized a Webinar on the theme ‘The Entrepreneurial Series: Session I – Career Insights & Finance Sector Entrepreneurship’ for students of the FY B.Com/BBA(FS)/BCA/B.Voc(ST) and M.Com Part I. The Webinar was organized virtually through Google Meet and YouTube on 19th February, 2022 from 12:00 noon to 1:00 p.m. 72 participants attended the same.

The session was hosted by Ms. Sakshi Talaulikar, student of FY BBA(FS)-B. Ms. Harshita Poojari, student of FY BBA(FS)-A introduced the Resource Person for the session, Ms. Manalee Verneker, the founder and CEO of Financial Wisdom, a privately established financial services firm based in Margao, Goa. She is a Certified Financial Planner (CFP) from Financial Planning Standard Board, USA and Chartered Wealth Manager (CWM) from American Academy of Financial Management.

The Speaker addressed the students on the topic – Indian finance Sector. She concentrated on a wide spectrum of areas such as an entrepreneur, a leader and a manager, including the prime disruptions in the financial sector entrepreneurship, and career opportunities in the finance sector. She also highlighted the necessary credentials and skills essential to be a successful financial entrepreneur. Ms. Vernekar made her content very interactive through several practical examples and inquisitive questions.

The Resource Person answered all questions put forth by the participants. Ms. Anslet Sebastian, student of FY BBA(FS)-A proposed the Vote of Thanks. The Webinar was coordinated by Asst. Prof. Trisha Vadil.

Session on Virtual Workspaces

The Life Skills Committee of the College organized an Online Life Skills Session as a part of the 30 Hours 21st Century Life Skills Certificate Course for the First Year B.Com and First Year BBA(Financial Services) students on 15th February 2022 from 9.45  to 11.45 am using the Google Meet platform. The topic of the session was ‘Virtual Workspaces. The main objective of the session was to familiarize the students with the pros and cons of virtual workspaces, virtual meeting etiquette and understanding the future of virtual work-spaces.

The Resource Person for the session was Ms. Manika Costa Pereira, Co-Founder, Enrich Service Solutions and Fit for Life. Asst. Prof. Sheryl Sanches welcomed the Speaker and the students. Ms. Brionna Noronha, student of FY B.Com C introduced the Guest Speaker. Ms. Manika Pereira commenced the session with an introduction to virtual workspaces and discussed that working virtually was first initiated by Google much before the pandemic began. Ms. Pereira questioned the students about the benefits of working virtually. The students could relate with the situation and various pros were discussed such as autonomy and flexibility, recruitment and retention, tracking company performance and employee accountability, saves money, office space and its costs and fuel and energy costs.

The downsides of a virtual workspace were then discussed i.e. lack of human contact could cause decreased team spirit, trust and productivity, increased sensitivity to communication, interpersonal and cultural factors, lack of social interaction and creativity and potential employee burnout.

Ms. Pereira discussed how to manage a virtual workspace. Various factors that are conducive to working virtually were emphasized such as communication, transparency, training, inclusion, time zones and team culture. Certain etiquette to be kept in mind while working virtually were explained such as join early, cut noise, dress right, tidy workspace, clean wrap up and stay focused.

She then discussed about the future of working virtually. A video about metaverse was displayed to give a better understanding about the future of working virtually. The resource person also cited the example of the couple who got married in metaverse and the wedding was attended by over 3000 guests.

The session ended with the Vote of Thanks proposed by Ms. Ekta Parmekar, student of FY B.Com C.

Guest Lecture on “Essentials of a Successful Entrepreneur”

The Department of Economics & Banking organized a guest Lecture on “Essentials of a Successful Entrepreneur” for the students of FY B.Com in the subject Microeconomics on 15th February 2022 at 11.00 am. The Resource Person for the session was Yashu Sharma, MBA (Human Resource) and the founder of NeoWise Business Solutions & Crafter’s Yard.

Ms. Yashu Sharma explained the concept of Entrepreneurship to students. She emphasized on the difference between the terms Businessman and an Entrepreneur while giving the national and global examples. Entrepreneur is the one who initiates the idea or comes up with new idea. Businessman, on the other hand is the one who starts business with the existing idea in the market. She further explained several features associated with these concepts. She also shed light on how the success is perceived in a different way for an Entrepreneur and a Businessman.

Ms. Sharma shared her work experience in the field of Human Resources before she started her business and how the idea of starting Neowise Business Solutions came to her mind. She explained the nature of services offered by her firm. She also explained the types of Entrepreneurships such as Freelance Entrepreneurship, Work from home Entrepreneurship, Startup Entrepreneurship, and Social Entrepreneurship. The lecture was followed by interaction with students and question answer session.

Ms. Natasha Naik from FY B.Com A was the compere for the session. Ms. Anushka Naik from FY B.Com C introduced the Resource Paerson and Ms. Sudeepa Oli from FY B.Com B proposed the Vote of Thanks.

45 participants including faculty and students attended the webinar through the Google Meet channel. The programme was coordinated by Asst. Prof. Pretty Pereira, Asst. Prof. Sanjay Velip, Asst. Prof. Ms. Lizette D’Costa and Asst. Prof. Poorva Gude, of the Department of Economics & Banking.

A Session on MBA and Bank Entrance Exam

The Career and Placement Cell organized “A session on MBA and Bank Entrance Exam” on 4th February 2022 at 10:00 a.m. Mr. Malcolm Dias, Director at T.I.M.E. Institute Goa, was the Resource Person for the same. The objective of the session was to create awareness about the various competitive exams. The session commenced with the welcome address by the Principal, Prof. Prita D. Mallya.

The Resource Person Mr. Malcolm Dias began the session withsolving various multiple choice questions which had appeared in competitive exams, where in he explained about various tricks for cracking such question. He highlighted that most of the students discontinue their studies for such competitive exams after they fail to crack the exam in the first attempted, and leave the opportunity of being placed in a good and reputed colleges or an public sector bank. He insisted that the students need to develop the reading habit which would help in time management during the exam.

Further, he explained  three steps involved in getting placed in a reputed college or in a public sector bank, which starts with entrance  exam followed by the group discussion session.These two processes are mainly carried out to filter the candidates and get the best candidate and the last step consist of the penal interview with the candidate.

He believes that students who wish to crack such competitive exams need to spend time in reading current affairs as well as divert enough time, efforts and energy towards preparing for such exams. He stressed that the T.I.M.E institute provides coaching for various competitive exams as well as a portal wherein the students can solve previous years question papers. He requested the students to contact him or his office for registration.

The session was very interactive as students put forth various queries. The session was appreciated by the participants. Ms. Petalia Coutinho student from TY B.Com compered the session. 72 students attended the session.

Online Quiz on Contribution of Eminent Personalities to India

The Computer Science Department organized an online quiz on ‘Contribution of Eminent Personalities towards India’. The quiz was open to the students, faculty members and the general public. The objective of this activity was to Celebrate 75 years of India’s Independence, by honoring the contribution of famous personalities from different fields towards the growth of India.

The quiz consisted of 25 questions and those who scored 50% and above were issued E-Certificates instantly. The quiz link was kept opened from 26th January 2022 to 04th February 2022.  141 participants answered the online quiz, out of which 121 participants received the E-Certificates. The quiz was coordinated by Ms. Rajlaxmi S. Nair and Mr. Andre Pacheco.

Screening of Union Budget 2022 – 23

The Department of Economics & Banking of VVM’s Shree Damodar College of Commerce & Economics, Margao, Goa, organized “Live Screening of Union Budget 2022 – 23 for the faculty and students of the College, by live streaming of the Presentation of the Union Budget from the Lok Sabha by the Finance Minister of India, Smt. Nirmala Sitharaman on 01st February 2022 from 11:00 a.m. to 01:15 p.m. The session began by the Finance Minister expressing her empathy for those who suffered during COVID-19 pandemic. She unveiled a bigger Rs. 39.45 lakh crore budget, emphasizing that this was a growth-oriented budget, focusing on four pillars – health and well-being, infrastructure, inclusive development, energy transition and climate action, and financing of investments through PM Gati Shakti initiative. She expressed that India’s economy would grow at the rate of 9.2 percent, the highest among all big economies. Smt. Sitharaman emphasized that the budget’s approach is driven by seven engines – roads, railways, airports, ports, mass transport, waterways and logistics infrastructure as the key areas. She said that all seven engines will pull forward the economy in unison, complemented by energy transmission, IT communication, water and sewerage sector and social infrastructure. Some of the additional key highlights of the speech included digital Rupee currency, imposition of tax on cryptocurrency assets and transactions, 5G auction to be conducted in 2022, capital expenditure stepped up to Rs. 7.5 lakh crore, prominence to Make in India in terms of budget allocation for defence arms procurement, new battery swapping policy for electric vehicle sector, ‘One Nation, One Registration’ to be established for ease of living and doing business, updated tax return system, announcement of minimum support price (MSP) worth Rs. 2.37 lakh crore to wheat and paddy farmers, green bonds and several more. For 2022-23, an allocation of Rs. 1 lakh crore was announced to assist the states in catalyzing overall investments in economy and also announced productivity-linked incentives for 14 sectors that would generate 60 lakh new jobs over the next five years. She expressed that the Union Budget 2022-23 is a blueprint for Amrit Kaal – a 25-year-period beginning 2022 – the 75th year of Independence and ending in 2047, the 100th year of India’s Independence. She further presented the proposals, incentives on taxation, start-ups, MSMEs, SEZs, custom duties and tariffs, imports, exports, etc. and subsequently concluded her presentation.

87 participants including faculty and students virtually attended the webinar through the Google Meet channel. The programme was coordinated by Asst. Prof. Ms. Lizette D’Costa and Asst. Prof. Poorva Gude, of the Department of Economics & Banking.