Greater Kashmir

SRINAGAR | July 08, 2014, Tuesday

BUSINESS

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HDFC Bank
opens trade
desk at Srinagar

Borrowing money
to invest

GK NEWS NETWORK

You should not borrow funds to stay
invested in the stock market. It is a highly
risky act and can leave you bankrupt.

I

ncredible! But true. A Kashmiri
investor aer hearing stories
of over hyped profits earned in
stock market, became a victim
of his own greed. He invested
in stock market only to see almost his
capital amount lost in the stock market.
But he capitalized on his mistakes
which he commied as an investor in
the market and is today considered as
one of the trustworthy market analysts
in
India.
Some time
Sajjad Bazaz
back I had an
opportunity
to talk to this
reputed market
analyst. Being
an authority on
the subject, he
narrated his own
tale of losses, which
he suffered in the
market. He ventured
into the stock market
when he saw some of his
friends multiplying their
money while investing in some
shares of companies. To make
quick bucks in the same stream, he
obtained a cash loan of Rs.50,000
f r o m
Citibank and invested it in the stock
market. It was to his delight when only aer six months his
half a lakh rupees investment appreciated and stood at Rs.2
lakh. He started calculating appreciation on his investment
at the same pace and without any planning and knowhow
of the market sentiments; he reinvested the money in some
other stocks with an objective to gain more and more. But
aer some time, he was shocked to see that the value of his
portfolio of stocks had gone down considerably. He had even
lost 50% of his original investment of Rs.50,000.
Even as he was shocked and surprised, he kept cool
and thoroughly tried to understand the market. Aer some
time, he was able to hold the grip on the tricks of trade and
is today a leading analyst in
India on stock market. Not
only this, he became country
Investors use
head (equities) and is one
different ways to
of the leadership members
borrow money
of a reputed new generation
to pay for stocks.
private sector bank in India.
They take a
Today, he counsels the
investors by way of his expert
personal loan
comments on the movement
or pledge their
of the stock market on various
property or gold.
reputed television channels.
They count on
But the same story is not
true about other Kashmiri
friends, borrow
investors, as most of them
funds from them
have turned up losers in the
and invest in
market. The investor scenario
stocks. In this case, in J&K state as compared to
the rest of the India such as
they don’t have
markets in Mumbai and New
to pay interest
Delhi is continues to be quite
or any other
primitive. The investors are
charge. Brokerage
oen unaware of the investor
opportunities there in the
firms have
market vis-à-vis their quality.
kept borrowing
Aer having easy access to
facilities at the
the capital market, most of
disposal of their
the local investors exercise
clients.
investment options freely
without properly assessing
the quality of the options and
the quantum of risk that they may face.
We don’t have financial clinics for wealth management
services here. Most of our investors are more into the business
of trading. And borrowing money for trading is a passion
catching up fast among these investors. If local market players
are to be believed, most of these traders end up losers. Most
of them don’t analyse their mistakes and consider investing
in the stock market as a part time activity. They have turned
themselves as a rudderless boat.
Investors use different ways to borrow money to pay for
stocks. They take a personal loan or pledge their property
or gold. They count on friends, borrow funds from them and
invest in stocks. In this case, they don’t have to pay interest
or any other charge. Brokerage firms have kept borrowing
facilities at the disposal of their clients.
Why investors borrow money to stay invested in the stock
market? I have come across investors who resort to borrowing
aer working out some calculations on paper. They work out
handsome gap between the return on investment in stocks
and interest payable on loan amount. Calculations on paper
may look that it is practical. But in reality, borrowing money
to pay for stocks is extremely a risky strategy. This strategy
simply multiplies risk of losing money, which means peace of
mind is not guaranteed.
Let’s have a look at the facility made available by brokers
where an investor can borrow money to pay for stocks.
This debt trap is extended by the brokers under a sweet
name “margin”. This margin facility, of course, increases
the purchasing power of the investors, but simultaneously
exposes them to the potential for higher losses. Before taking
route of margin to maximize returns on investment, investors
first need to understand its operational mechanism.
Primarily, margin facility is not suitable for everyone.
An investor can lose money in the market than he has
invested. The downside to using margin is that if the stock
price decreases, substantial losses can mount quickly. For
example, your stock which you bought for Rs.100 falls to
Rs.50. If you fully paid for the stock, you'll lose 50 percent
of your money. But if you bought on margin, you'll lose 100
percent, and you still have to come up with the interest you
owe on the loan.
In case of loss, investor whose portfolio consists of
stocks bought on margins shall be asked by the broker to
deposit additional cash or securities in his account that too
on short notice to cover the losses. Brokerage firms even may
sell some or all stock without consulting the investor to pay
off the loan, extended in the shape of margin.
However, you can bank on margin facility for a temporary
purpose. For example – in case you are looking for a particular
stock and that stock is now at the price where you want
to enter. You have money in your bank, but you’re not in a
position to transfer it now. Here you can avail margin facility
from your broker and pay it back immediately.
Precisely, you should not borrow funds to pay for the
stocks. It is a highly risky act and can leave you bankrupt.

15

INVESTMENT

MATTERS

A roadside vendor in Srinagar’s Lal Chowk market sells handmade wooden items including Quran stands which pick up great demand during Ramadhan, the fasting month for
Muslims across the world.
AMAN FAROOQ/GK

Year on, 172 LPG outlets for
rural areas nowhere in sight

Oil companies sit on
verification process
GK NEWS NETWORK

HOUSE
FOR RENT
Two storeyed house

with parking facility
at Bulbul bagh Near
Barzulla bridge
CALL :

9419031827
9858488327

(LPG) in rural areas.
Sources said that the main reason
behind the delay is failure of the state
government to ensure that the oil
companies expedited the verification
process of the new connections on the
basis of which it could seek opening
of a new agency in a particular area.
The verification process for the
new connections, sources said, was

NAME CHANGE

I want to change the
name of my daughter
from Shah Mushbat Inam
to Shah Barira Fatima
Inam in the school
records. Objections if
any in this regard may be
conveyed to the Principal
Presentation Convent
Rajbagh within 7 days.
Shah Inam-ul-Haq
F/o Shah Barira
Fatima Inam
R/o Dalgate

started last year after the centre government, besides putting a cap on
subsidized domestic cylinders per
connection, introduced many other
measures to check black-marketing
of LPG cylinders.
“As the Oil companies are taking
lot of time to complete the verification
process for new connections, the proposal for opening of the new agencies

AASAR
PHOTOSTAT
Lamination, Stationery,
Spiral Binding, University
Note, Mobile Sale & Service
Also Accessories Available
NASEEMBAGH, HABAK
SRINAGAR - KASHMIR - 190006

CELL: 9906796979,
9419467596, 9906570846

UNIVERSITY OF KASHMIR
OFFICE OF THE DEAN ACADEMIC AFFAIRS
ADMISSION NOTIFICATION No.10

For
Master’s in Craft Management and Entrepreneurship (MCME) (Session 2014)
On-line Applications are invited from eligible candidates for admission to the Master of Craft Management and Entrepreneurship
(MCME) programme for the academic session 2014. The candidates are advised to peruse the MCME Prospectus-2014 available on
University website thoroughly and check eligibility/other details before submitting their application forms.
I) IMPORTANT DATES:

Issuance of Prospectus/Submission of On-line Forms
From July 08, 2014
Last date of submission of On-line Application Forms and hard Copy July 18, 2014
II)

ELIGIBILITY
Bachelors Degree in any discipline under 10+2+3 pattern or any other qualification recognized by the University of Kashmir
as equivalent qualification, with 50% marks in aggregate under Open Merit Category and 45% in Reserved Category.
III)
MODE OF SELECTION:
Candidates shall be admitted to the Programme on the basis of their performance in two tests (Management Aptitude
Test & Design Aptitude Test) to be conducted by the University of Kashmir and Personal Interview. The weightage of the
components for final selection of the candidates shall be Management Aptitude Test (50%), Design Aptitude Test (35%)
and Interview (15%).
The candidates to be called for appearing in Design Aptitude Test shall be triple the number of available seats in order of
merit obtained by them in Management Aptitude Test and the number of candidates to be called for Personal Interview
shall be double the number of available seats in order of merit obtained by candidates in Design Aptitude Test, under
open merit as well as reserved categories.
V)

004

(The views are of the author & not the institution he works for. Feedback at
sajjadbazaz@greaterkashmir.com)

SUBMISSION OF ON-LINE APPLICATION FORMS:
The candidates are advised to follow the below steps for filling their On-Line Application Forms.
Step-1: Visit http://www.kashmiruniversity.net and click on Link Admissions 2014.
Step-2: Enter Registration Number and Click Search. Students registered with University of Kashmir from 2006 onwards
can get their particulars automatically extracted from the database, otherwise enter all details yourself.
Step-3: Upload your latest passport size photograph with specimen signature at the bottom of the photograph and
other details.
Step-4: Preview the Form displayed on the screen. If details are correct, click on Submit. If there is any variation go to
Edit, make corrections and then Submit. Get a printout of the Form and note the ID for future reference.
Step-5: Deposit the Fee of Rs.500/- (plus Rs. 10/- Bank charges) against the Pay-in-Slip generated with the Application
Form in any of the branches of the J&K Bank Ltd. across the Country.
VI)
SUBMISSION OF DOWNLOADED APPLICATION FORMS (HARD COPY):
After submitting their On-Line Application Forms the candidates must submit the downloaded Form (hard copy) with
the following documents in the office of the Dean, Faculty of Commerce & Management Studies, Naseembagh Campus
and obtain a receipt for record.
i)
Marks Certificate of the examinations passed;
ii) State Subject Certificate;
iii) Original Copy of the cash receipt obtained against purchase of Prospectus;
iv) Receipt of fee Rs. 500/- deposited in J&K Bank ( University Copy);
v) Reserved Category Certificate (if claiming admission under Reserved Category);
IV)
ADDITIONAL INFORMATION:

Number of Seats, eligibility conditions and other details related to Admission Policy are reflected in University
Prospectus-2014, available on University Website.

The candidates must check the status of their application after five days. In case, acceptance of Form is not uploaded,
the candidate should contact the concerned Department where they have deposited the Form.

For any further query/ information the candidates are welcome to contact University on following numbers:
EPABX Nos. 0194-2415078, 2415870, 2415152, 2415346 Ext.: 2006, 2007, 2016, 2322, 2223
 Office of the Dean Academic Affairs: 0194-2415976 (Direct)
 Craft Development Institute, Srinagar: 2411430, 2411772
ET-216
Sd/- Muzamil Masood Mattoo
Dated: 07-07-2014
Assistant Registrar, (Academic Affairs)

Yatra medical
arrangements
reviewed
Srinagar, July 7: Directorate of Health Services
Kashmir and Mission
Director NRHM reviewed
the healthcare services
being provided to Amarnath pilgrims.
The DHS and Director
NRHM accompanied by
Nodal Officer Yatra (Ganderbal) and Nodal Officer
Yatra (DHSK) visited various camps including MAC
Nilgrath, base camp Baltal,
MAC Sangam Top, Base
Camp Panjtarni, etc.

GOVERNMENT OF JAMMU AND KASHMIR

Industrial Training Institute,
Budgam ( K M R )
Subject: Engagement of Academic arrangement in ITI Budgam for the academic
session 2014-15 under PPP Mode.

ADVERTISEMENT NOTIFICATION
Applications are invited from eligible candidates for temporary engagement in academic arrangement in ITI Budgam under PPP
Mode for “Data Entry Operator” trade on a monthly honorarium of Rs. 6000/- per month for Degree Holders and Rs. 5500/- per month
for Diploma Holders/ITI/CTI for the academic session 2014 or till the post is created and regular arrangement is made with the rules
on the recommendations of J&K service selection Board whichever is earlier .The qualification required for the trade is given as under:S.No. Name of
No. of
Prescribed qualification for appointment.
the trade
candidates
required
1
Data Entry 01
Technical : Degree in Engineering from recognized University or three years Diploma from
Operator
Recognized Board/ Institution in appropriate Branch of trade concerned or National
Apprenticeship Certificate or National Trade certificate in relevant trade.
Experience : One year for Degree Holder, two year for Diploma Holder and three year for NAC/NTC
Holders.
Desirable : Preference to be given CIC ( Craft Instructor certificate) holders.
Applications on prescribed format forming annexure “A” to this advertisement notice shall be submitted in the office of the
undersigned by or before 11-07-2014 during office hours along with the following certificates:
Academic/ Technical Qualification certificate/ Marks certificate.

Age and Health certificate

Permanent residence certificate

Character certificate

Experience certificate if any.
Selection of the candidate for temporary engagement under PPP Mode in the academic arrangement shall be made from
amongst the eligible candidates purely on merit basis and the selected candidate shall be placed in the ITI Budgam and preference
will be given to the candidates belongs to District Budgam to ensure smooth functioning of the newly introduced trade by the Institute
Management Committee, ITI Budgam.
Incomplete application or application not with supported by relevant documents shall be rejected without any notice to the
candidate. The candidate having higher qualification, teaching experience shall be given preference.
Selected candidate shall have to execute an agreement with the IMC, ITI Budgam on prescribed format duly attested by the “A”
class Judicial Magistrate to the effect that he/she shall have no claim for permanent absorption the ITI Budgam/ Department on the
sole ground of the temporary engagement in the academic arrangement for the specific period.
The candidature of only such candidates will be entertained who have undergone regular classroom courses to attain the
basic essential qualification for the post.
Temporary engagement of the selected candidate in the academic arrangement shall not entitle him/her for regular appointment
under normal process of selection to be made by the designated recruiting agency after the post is created for the said trade.
Temporary engagement of the selected candidate shall last on expiry of specified term as would be indicated in the formal
engagement letter and extension if required in the event of delay in finalizing the selection by the IMC, ITI Budgam, shall be granted
for another specify term subject to satisfactory performance of the candidate.
Selected candidate has to work at the particular place in the academic arrangement on specific terms and conditions and shall
not ordinarily transferred to any other place.
In the matter of age, qualification, discipline, conduct and other allied matter, the relevant service rules governing the appointments
in the Civil services, shall apply while making the temporary engagement of the selected candidate in academic arrangement or the
specific period by the IMC, ITI Budgam.
In the event of post is created for the designated trade , the candidate engaged in academic arrangement shall have no right to
continue in the arrangement after post is filled up the J&K Service selection board .
DIPK- 3197
Sd/-( Nazar-ul-Islam )
Principal
ANNEXURE TO ADVERTISEMENT NOTIFICATION NO. ITI/BDG/2014/PPP MODE/---------------DATED: -07-2014
APPLICATION FORM FOR ACADEMIC ARRANGEMENT IN ITI BUDGAM UNDER PPP MODE FOR THE TRADE
: _____________________________________ S.No. ______________
1)
Name of the Applicant
: _____________________________
2)
Parentage
: _____________________________
3)
Address
: _____________________________
4)
Date of Birth
: _____________________________
5)
QUALIFICATION
Academic
: _____________________________
Technical
: _____________________________
6)
Contact Number
: _____________________________
7)
Email ID
: _____________________________
S.No Examination Passed Year of Passing Name of the Institute / University/ Board Total Marks Marks
ob- %age of
tained
marks

8) Experience ( Teaching/ Field) if any _______________________________________________________________
Signature of the Applicant
NOTE:Photostat/ authenticated copies of all academic/ technical qualification certificates and experience certificates shall be enclosed
with the application

004

Jammu, July 7: Despite lapse of one
year, the proposal for opening of 172
outlets for rural areas has failed to
materialize primarily due to lack of
coordination between the oil companies and state Consumer Affairs and
Public Distribution (CA&PD) department.
Sources said that the CAPD department has failed to pursue the proposal
that envisaged opening of 55 gas agencies under regular dealership and 117
under the Rajiv Gandhi Grameen LPG
Vitral Scheme (RGGLV)
The CAPD department had moved
the proposal following public outcry
over acute deficiency of the refilling
stations of Liquefied Petroleum Gas

lingers on in absence of exact number
of the LPG connection seekers in a
particular area”, sources said
It is only after the connections are
issued by the Oil Companies that the
CAPD department, as an enforcement
agency for consumer rights, can regulate and monitor supply and force the
former to make available LPG at the
doorsteps of every consumer, they
added
When contacted, Reyaz Ahmad
Malik, Deputy Secretary CAPD said
that main reason behind delay in the
implementation of the proposal was
failure of oil companies in expediting
the process of verification.
He added that if the companies
go like this it will take many more
months to complete the process.
He said opening of the new gas
agencies would become possible only
after the verification process is completed by the oil companies.

Srinagar, July 7: HDFC
Bank has started its Trade
Desk at Srinagar for processing the trade documents
of its customers across the
Valley. Earlier, these documents were being processed
from outside J&K.
A Kashmir Chamber of
Commerce & Industry delegation in a meeting with
Bank's MD Dr Aditya Puri
last month at Srinagar had
requested for this facility which was instantly
approved by MD.
The trade desk has
already started operations
and “it reflects Bank’s commitment to provide most
efficient and professional
services to its trade clients,” the bank in a statement said.
Zubair Iqbal, Vice President said that HDFC Bank
is the only bank to offer
Multi Currency Forex Card
which can be loaded with 18
currencies including Saudi
Riyal to its customers travelling abroad.
“This card carries a host
of other unique features and
is very useful for pilgrims
going for Hajj and Umrah,”
it said.
The card is available at all
branches of the bank in J&K.
He also added that for
the convenience of Hajjis in
addition to the Multi Currency Forex Card, “we will
continue to offer Saudi Riyal
Exchange Facility at our
branches.”