Greater Kashmir SRINAGAR | August 20, 2014, Wednesday BUSINESS epaper.GreaterKashmir.com "Time is free, but it's priceless. You can't own it, but you can use it. You can't keep it, but you can spend it. Once you've lost it you can never get it back.” I n investment matters one of the most important factors is the time. This time can be short, sometimes having duration of hours or days, for those who are traders and it extend in years together when investors park their money in long duration investment instruments. In long term investments the time frames are necessarily longer. And in investment terminology, it’s this duration of holding an investment which is called the investment time horizon. Sajjad Bazaz Time-horizon investing is all about planning. Deciding how to invest our time is a formidable task. You need to think about your goals. Once you have done that, investment selection is based on the amount of time you have until the goal must be funded. I am sure, as an investor your primary goal would be to calculate return on investment (ROI) and you aim to maximize return on the money you invest. It would be a different ball game if you as an investor start to think of time as your primary investment. Everything you do is an investment of time. In many ways time is more valuable than money. You will always have the opportunity to multiply your money through various investment instruments. But once time has been spent it’s gone forever. Remember, when you take time as a commodity, and consider all of your actions in the market as investments, it changes the way you approach every day decisions. Take the case of a trader who while trading a stock in the market, fails to close a position within a predetermined time. This is one of the biggest mistakes a trader can make. He suffers losses in a jiffyIn long term investment, less the age of the investor, more is the time at his disposal. For example a 30-year-old investor should have a time horizon of at least 40 years. Even if he retires at 60, he needs to consider that he will likely be living into his 70s. That means, he needs to stay invested for a long time. In investments having a long term time horizon, the relative volatility of market doesn't matter. This is due to the fact that there is plenty of time for the price to recover. So using of time horizons in investing is of utmost importance. As an investor you need to ask yourself about the time horizon that suits you before parking your money in any investment instrument. Once you are clear about this, you can easily arrive at a decision about the type Investments of investment vehicle you having a long term can bank upon. Not only this, locating appropriate time horizon, the timing for your investment would be helping you relative volatility which investments to avoid of market doesn't and how long to hold your matter. This is due investment. The market is flooded with to the fact that investment products to help investors match their there is plenty of portfolio holdings to an time for the price appropriate time line. This approach helps investors to recover. avo i d t h e n e g a t i ve outcomes associated with inappropriate asset allocation. Here it’s important for you as an investor to workout expenses when considering the time frame of your investment. How to evaluate time horizons? Even as there are no listed guidelines or hard-and-fast rules, we come across some generally agreed-upon guidelines that will help you decide which investments are appropriate for various time lines. One of the hard facts about the stock market is that it is highly volatile in nature. Even the best mind in investment matters have failed to gauge the exact nature of the market. What I mean to say is that volatility is a huge risk in the market and in this context the base of your risk mitigation would be creating your investment portfolio based on time frame. Shorter the period of your investment, more is the risk of falling prey to the market volatility. In investments having a time horizon of long duration, market volatility that causes the value of your investment to plunge may not be an immediate danger given that you have a long time at your disposal to recover. While in market, don’t invest your time too heavily in one area and not enough in another sector. This can be problematic. Always try to strike perfect balance by timing your investment in different areas. This is one of the keys to stay safe to a large extent when you stay invested in volatile market conditions. Precisely, knowing your investment time horizon will make your investment productive and your life pleasurable. So the bottom line is that time is more important than money. Time can make you money, and well invested time can multiply your wealth. So the successful investment mantra is that your time horizon is most valuable thing you have. Don’t throw it away on activities that have a poor return on investment. Here your every decision is an investment. INVESTMENT MATTERS (The views re of the author & not the institution he works for. Feedback at sajjadbazaz@greaterkashmir.com) FACULTY OF COMMERCE & MANAGEMENT STUDIES UNIVERSITY OF KASHMIR MFC ADMISSION NOTIFICATION-2 It is hereby notified for the information of the MFC candidates bearing following Entrance Test Roll No.’s that they have been provisionally selected for admission to the MFC programme, session 2014 in the Department of Business & Financial Studies, University of Kashmir under Open Merit& reserved Categories on the basis of overall performance in CMAT score, Group Discussion and Personal Interview. The selection of the candidates is strictly provisional, subject to the verification of original marks certificates of qualifying examination, character certificates, CMAT score and reserved category certificates (for the candidates selected under different reserved categories). The candidates who have obtained qualifying degrees from Universities/Institutions other than The University of Kashmir shall obtain clearance from the Academic Section before grant of their admission to a programme. The candidate should submit an affidavit duly attested by 1st class Magistrate to the effect: a. That they are not working in any Govt./Semi Govt./Private Institution. The in-service candidates shall produce relieving order/NOC from their employers. b. That they have not migrated from this University and are not enrolled with any other course in this University or any other University/Institution. The candidates who have been selected for the above programme (MFC) are advised to approach the Head, Department of Business& Financial Studies, University of Kashmir, Srinagar alongwith their original certificates for completing the required admission formalities by or before 25-08-2014. If any candidate fails to complete the admission formalities within the above stipulated date, he or she shall forfeit his/her right to admission. Open Merit: 1125, 1157, 1124, 1249, 1133, 1068, 1120, 1053, 1244, 1540,1330, 1375, 1087, 1151, 1010, 1128, 1322, 1043, 1556, 1292, 1398. Categories: RBA: 1033, 1191, 1537; CDP:1356; NCC:1096; SN:1536. Further, admission to the resultant vacancies, if any, shall be made through counseling based on merit for which a separate notification shall be issued shortly. No.F(Admn.MFC-2)DFCM/KU/14 Dated: 19-08-2014 Sd/- (Prof. Shabir A. Bhat) Dean twitter.com/GreaterKashmir_ IT deptt ‘grievance week’ evokes good response from taxpayers Income Tax Office, Shah House Rajbagh, here. “Besides, a single window contact for the taxpayers for centralized receipt and registration of all representations is working there,” it said. Meanwhile, Commissioner of Income Tax, J&K, A K. Thatai, has asked the taxpayers, general public and the authorized GK NEWS NETWORK Srinagar, Aug 19: The Income Tax department’s ‘grievance week’ has evoked good response from the taxpayers and other stakeholders. The grievance week that began on August 13 is being organized by Income Tax Department, Range-3 Srinagar. During the ‘Grievance Week’, the taxpayers have projected grievances and sought their resolution. An I-T department handout said that during the Grievance Week the grievances relating EDI holds loan fairs in Pulwama, Banihal to refund claims, mismatches reported in TDS and implementation of decisions after appeal are taken up on priority basis. It said for the convenience of the taxpayers, a separate counter to handle the ‘grievance petitions’ has been set up at J&K Services Selection Board Zam Zam Building Rambagh, Srinagar. NOTICE GK NEWS NETWORK In supersession to the instruction No.7 reflected on the Admit Card, all the aspiring candidates who are appearing for the Objective Type Written Test scheduled to be conducted on 23rd of August, 2014 for the posts of Horticulture Technician IV, Draftsman (Civil), Jr.Physiotherapist, Lab Assistant/ Laboratory Assistant (Health), Technician III, Draftsman (Mechanical), Physiotherapist, Jr. Legal Assistant and Legal Assistant are hereby informed that they can carry the Question Booklet with them, after the examination is over. Sd/- Secretary Services Selection Board Srinagar. No. SSB/ /Sel/Secy/2014/7150-64 Dated:- 19-08-2014. Regional Office Kashmir: Fax: 0195-222242, Tel.01954-224856, 223084 AUCTION/SALE NOTICE: Be it known to the general public that due to non-payment of loan by below mentioned Borrowers in the Tractor/Car loan accounts maintained at various Branch Offices, the Bank has seized the tractors/car hypothecated to Bank, the description and details of which are given hereunder. Sr. No 01. 02. 03. 04. Name /Parentage/Address & Account Number of the Borrower: Abdul Rashid Shah S/O Late Asadullah Shah R/O Renan, Pazipora(District Kupwara) Account No.:- Dl Agri-456 Bashir Ahmad Mir S/O Ghulam Mohd. Mir & Ghulam Mohd. Mir S/O Mohd. Subhaan Mir Residents of Bangdara, Authoora (District Baramulla) (Joint Venture Finance) Account No. :- DL Agri-440 Jahangir Ahmad Malik S/O Mohd. Illyas Malik R/O Reddi-Chowkibal (District Kupwara) Account No.:- Dl Agri-304 Mushtaq Ahmad Lone S/O Abdul Ahad Lone R/O Nuwpora, Jageer (District Baramulla) Account no. :- DL Car-20 Financing Branch: B.O. Kralgund B.O. Authoora B.O. Chowkibal B.O. Sangrama Type & Description of the Tractor/Car: Tractor Sonalika JK09A-1778 (2005 Model) Tractor Sonalika JK05A-9210 (2007 Model) Tractor (Swaraj) JK09-3338 2006 Model Maruti Alto (K10) JK05C-6903 (2012 Model) Bank has decided to sell the hypothecated Tractors/Car on “As is” “what is” and “Where is” basis on the terms and conditions given hereunder. Accordingly sealed quotations are invited from the interested parties for purchase of said Tractors/Car. Each quotation should be accompanied by Call Deposit Receipt for Rs.10,000/= (Rupees Ten Thousand Only), for each tractor/car, pledged to General Manager J&K Grameen Bank Regional Office Sopore payable at Bank’s branch Office New Colony Sopore . Sealed quotations alongwith earnest money should reach the office of General Manager J&K Grameen Bank Regional Office Sopore by or before 30th August 2014 up to 12.30 p.m. The sealed quotations shall be opened on 1st September 2014 at 2.00 p.m. TERMS & CONDITIONS: 1) Tractors at serial no. 01 & 02 and car at serial no. 04are available for inspection on any working day at bank’s Regional Office Sopore Kashmir., while as tractor at serial no. 03 is available for inspection at bank’s Branch Office Chowkibal, Kupwara. 2) The amount of earnest money deposited by way of Call Deposit Receipt (CDR) shall not carry any interest. 3) Successful bidders will be required to deposit the sale price after adjusting the earnest money already deposited within 15 days of confirmation of sale. In case of failure to deposit the balance amount within prescribed period, the amount deposited as earnest money shall be forfeited. 4) All the attendant charges including registration charges, stamp duty, all kinds of taxes shall be borne by the purchaser. 5) Any bid not accompanied by the earnest money (CDR) shall be treated as invalid. The earnest money (CDR) of the un-successful bidder will be returned within 15 days from the opening of quotations. The Bank reserves the right to cancel the offer and/or amend the terms and conditions without assigning any reason thereof. Further the bank will not entertain any outside claim/liability whatsoever in respect of the above seized tractors/vehicle. Sd/- (Syed Bashir Ahmad) Chief Manager (I&V). 004 GOVERNMENT OF JAMMU AND KASHMIR OFFICE OF THE CHIEF EDUCATION OFFICER BUDGAM Landline NO. 01951-255226 Fax: 01951-256722 Email Address:-ceobudhgam@gmail.com CORRIGENDUM With regard to the Notification NO. 03 dated 18/07/2014,Notification NO. 07 dated 22/07/2014 Notification NO. 02 dated 18/07/2014 and Notification NO. 05 dated 18/07/2014 in respect of Zone Nagam /Khansahib/Khag/Chadoora and Narbal engagement of teachers on academic arrangement for the year 2014 ,please read as under However, the conditions shall remain the same as laid down in Gout. Order NO. 482-Edu 2014 dated 02/07/2014.The eligible candidates of the concerned Revenue village shall app within 10 days from the date of its publication of this corrigendum in concerned Zone as per the conditions already laid down in the above said notification. S.NO. 01 02 03 04 05 06 07 08 09 10 U DIPK 5527 003 Ahmad Wani has been appointed as the nodal officer for the event. Meanwhile, the Income Tax Bar Association, taxpayers and other stakeholders have welcomed the initiative of the department, the statement said. The week shall conclude on August 21. GOVERNMENT OF JAMMU AND KASHMIR Government of Jammu and Kashmir Srinagar, Aug 19: As part of its public outreach program, J&K Entrepreneurship Development Institute (JKEDI) organized two entrepreneurship awareness-cum loan fairs, one each at Pulwama and Banihal. Minister of State Technical Education, Vikar Rasool was the guest of honour at Banihal. Addressing the gathering, Vikar said the coalition government has taken the initiative of addressing the unemployment problem and special schemes like Seed Capital Fund Scheme (SCFS), a primary component of the Sher-e-Kashmir Employment and Welfare Programme for Youth (SKEWPY) are a part of it. “Self employment and entrepreneurship are the only ways to curb unemployment in J&K. Our government is commied to help educated unemployed youth in this direction,” Vikar said. A detailed overview of all the schemes implemented by JKEDI was provided to the participants at Pulwama with special discussion on NMDFC. representatives to take advantage of these windows opened at Srinagar office. “The grievance week has attracted lot of taxpayers who during this week have thronged the Income Tax department for settlement of their problems.” Assistant Commissioner, Income Tax, Srinagar, Gulzar Name of the School BMS Hafroo ( Zone Nagam ) GHS Khansahib (Zone Khansahib ) BHS TFShah (Zone Khaq ) MS BonMakhama ( Zone Narbal) PS BonMakhama ( Zone Narbal) PS CN Das ( Zone Khaq ) PS Fojipora ( Zone Khaq ) GHS Nowpora (Zone Nagam) HS Repora (Zone Chadoora ) GHS Badipora (Zone Nagam) BHS Badipora (Zone Naqam ) Please Read This 01 Post instead of 02 Posts 01 Post instead of Nil 01 Post instead of Nil 01 Post instead of Nil 01 Post instead of Nil Nil Post instead of 01 01 post instead of Nil 02 posts instead of 01 02 posts instead of Nil 02 posts instead of Nil 02 posts instead of Nil Sd/Nazir Ahmad Dar Chief Education Officer Budgam Office of the ChiefTeleHorticulture Officer Pulwama Fax No. (01933 242888) (Chairman District Level Recruitment Committee for Class-iv Posts in Horticulture Department District Pulwama) Subject: Reference: Final Short List of the candidates for appointment against the class IV posts. This office No: ESTT/REC/2014/939-44 dated 03-07-2014. The Final Short List of Candidates for recruitment against the Class-IV Vacancies is published as detailed hereunder. The concerned candidates will attend this Office (Chief Horticulture Officer’s Office Pulwama located at Newa Road near Degree College Pulwama) at 10:30 a.m for interview on the dates mentioned against each at below:1. No interview call letter shall be issued separately to any candidate for appearing in the interview. Failure of a candidate for appearing in the interview on the given date shall not be interviewed later on and shall forefeet his right of c onsideration. 2. In case of any deficiency with reference to eligibility etc; proved at the time of interview, the candidate shall not be allowed to appear in the interview, or if any deficiency is found subsequently the candidate shall not be considered for selection and will be treated as disqualified. 3. The candidate shall have to produce all the original certificates/testimonials at the time of interview. Further candidates failed to produce original certificates shall forefeet their candidature and will not be allowed to appear in interview. 4. No TA/DA or any allowance shall be paid for participation in the interview. ANNEXURE “A” LIST OF CANDIDATES SHORT LISTED FOR THE POST OF GARDNER (CATEGORY - OPEN MERIT) S.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 S.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 S.No. 1 2 3 4 5 6 7 8 9 10 S.No. 1 2 3 4 5 6 7 8 9 10 S.No. 1 2 3 4 5 Name of the candidate Parentage Residence Date of interview Irfan Majeed Bhat Abdul Majeed Bhat Mandina Sajad Ahmed kumhar Gh. Ahmed kumhar Awantipora Jehangir Ahmed Bhat Gh. Ahmed Bhat Dadoora Mir Mohammed Ishaq Mohd. Shafi Mir Pinglish Manzoor Ahmed Lone Late ab. Rashid Lone Shari Shali Mudasir Ahmed Dar Abdul Rehman Dar Dogripora Yasmeena Gul Ghulam Mohammed Dar Malangpora Suhail Ahmed Dar Ab. Gani Dar Rajpora Insha Jalal Jalal Ud Din Dar Ratnipora Asif Ahmed Dar Ghulam Ahmed Dar Pahoo Aamir Suhail Bhat Mohd. Yousuf Bhat Naina Asma Jan Mohd. Yousuf Bhat Pinglena Mohammed Umar Farooq Farooq Ahmed Bhat Khrew Younis Maqbool Mohd. Maqbool Dar Kakapora Towseef Bashir Bashir Ahmed Bhat Dangerpora Mohd. Abrar Bhat Mohd. Jabbar Bhat Charsoo Mohd. Tawheed Ahanger Gh. Mohammed Ahanger Khrew Adil Khaliq Ab. Khaliq Dar Nowhara Mir Muzamil Nazir Nazir Ahmed Mir Niloora Mohd. Ashraf Bhat Gh. Mohd. Bhat Dalipora Humaim Murtaza Bhat Nazir Ahmed Bhat Naibugh Imran Akbar Dar M. Akbar Dar Rajpora Mir Amir Hussain Gh. Hussain Mir Nowpora Naveed Ahmed Lone M. Akbar Lone Rangmulla Saima Akhter Habib Ullah Rather Hakripora Mir Ubaid Hassan Gh. Hassan Mir Rakh litter Showkat Ahmed Bafand Ab. Rashid Bafand Pingalgam Nadeem Rashid Ab. Rashid Sheikh Kuchmulla Khursheed Ahmed Rather Gh. Mohi Ud Din Rather Litter Mir Irfan Altaf Mohd. Altaf Mir Achan Towseef ahmed Shah Mohd. Amin shah Panzgam Ishfaq Ayoub Mohd. Ayoub Najar Tantray pora Syed Arjumand Hussain Syed Mohd. Hussain Shekhara Zahid Ahmed Bhat Gh. Hassan Bhat Trali payeen 25-08-2014 Zahid Khalil Mohd. Khalil Bhat Rajpora Ruhee Jan Gh. Mohd. Sofi Malikpora Afeefa Salam Ab. Salam Wagay Udipora Rayees Ahmed Bhat Mohd. Yousuf Bhat Aramulla Suhail Ashaq Ashaq Hussain Lone Tiken Ilyas Ahmed Shah Ghulam Nabi Shah Trali payeen Nayeem Ahmed Bhat Gh. Mohammed Bhat Kachipora Nusrat Jan Gh. Mohi Din Bhat Namblabal Mudasir Ahmed Ganie Abdul Gani Ganie Mirzapora Feroz Ahmed Ganie Mohd. Akram Ganie Koil Faiza Fayaz Fayaz Ahmed Rather Munpora Shamshad Ur Rasool Gh. Rasool Bhat Pinglena Ahtisab Ul Haq Rashid Ahmed Dar Lajurah Raffia Ramzan Mohd. Ramzan Rather Beegumbagh Umar Qadir Gh. Qadir Sheikh Kuchmulla Farooq Ahmed Wani Abdul Rashid Wani Babhara Danish Aijaz Aijaz Ahmed Ahanger Koil Asif Ahmed Bhat Gh. Mohd. Bhat Dogripora Zahid Nazir Lone Nazir Ahmed Lone Kangan Qowsina Noor Noor Mohammed Najar Dangerpora Mohd. Rafeeq Ganie Ghulam Mohammed Ganie Trichal Saima Majeed Majeed Ud Din Nowpora Meeras Murtiza Fayaz Fayaz Ahmed Mir Nownagri Showkat Ahmed Khan Abdul Gaffar khan Qazigund Shahnawaz khaliq Ab. Khaliq Parray Charsoo Aufshana Yousuf Mohd. Yousuf Wagay Udipora Umer Sultan Mohd. Sultan Bhat Shairabad Aamir Ahmed Mantoo Gh. Ahmed Mantoo Kisrigam Maryam Jan Gh. Mohd. Wani Tengpona Muzamil Ahad Mir Ab. Ahad Mir Arihal Umer mohi Ud Din Sheikh Gh. Mohi ud din Sheikh Baragam ANNEXURE “B” LIST OF CANDIDATES SHORT LISTED FOR THE POST OF GARDNER (CATEGORY - RBA) Name of the candidate Parentage Residence Date of interview Sayma Afzal Mohd. Afzal Mir Kalampora 26-08-2014 Sameer Mushtaq Mushtaq Ahmed Bhat Kalampora Suhail Ahsan Mir Mohd. Ahsan Mir Kanigam Shaziya Rashid Ab. Rashid Sheikh Gulzarpora Aadil Bashir Wani Bashir Ahmed Wani Baighpora Mir Waseem Gul Gh. Mohammed Mir Achagoza Imran Ahmed Mir Gh. Mohideen Mir Kalampora Murtaza Ahmed Sheikh Shamas Ud Din Sheikh Jawahirpora lam Abdul Raouf Dar Nazir Ahmed Dar Kalampora Zubair Gulzar Gulzar Ahmed Teli Baighpora Jehangir Ahmed Sofi Gh. Ahmed Sofi Qasba yaar Amreena Majeed Ab. Majeed Rather Paner jager Javaid Ahmed Wani Gh. Mohammed Wani Larow jager Zahoor Ahmed Bhat Ghulam Hassan Bhat Baighpora Faheem Hassan Wani Gh. Hassan Wani Gulzarpora Jalal ud din Dar Gh. Ahmed Dar Tujan Gulzar Ahmed Shah Gh. Mohi Ud Din Shah Panzoo Shabir Ul Islam Ab. Rehman Wani Gulzarpora Rukhsana Akhter Ab. Rashid Ganie Panzgam Nisar Ahmed Bhat Mohammed Yousuf Bhat Khadermoh Sabzar Ahmed Sofi Late Ab. Gaffar Sofi Khangund Junaid Ul Islam Abdul Rashid Dar Panzgam Mehraj Din Ganie Mohammed Sidiq Ganie Nehama Zia Ali Mir Ali Mohammed Mir Aripal Aaqib Rashid Ab. Rashid Naikoo Baighpora Annexure “C” LIST OF CANDIDATES SHORT LISTED FOR THE POST OF GARDNER ( CATEGORY - SCHEDULE CASTE) Name of the candidate Parentage Residence Date of interview Rajesh kumar Ramesh Chander Vijay Pora 26-08-2014 Sushpinder kumar Yash Paul R.S. Pora Mukesh kumar Dalip kumar Kathar Suresh kumar Krishan Chand Birppur Romesh Kumar Shri Das Ram R. S. Pora Sunil kumar Krishan Lal Chak Abtara Happy Angural Sat Paul Angural Pahariwala Manesh kumar Sardar kumar Kathar Amandeep Janak Raj R. S. Pora Prinka Hans Tara Chand Chak Nathal Hiranagar Annexure “D” LIST OF CANDIDATES SHORT LISTED FOR THE POST OF GARDNER (CATEGORY - SCHEDULE TRIBE) Name of the candidate Parentage Residence Date of interview Ayaz Ahmed Koli Mohd. Ismail Koli Sangerwani 26-08-2014 Tariq Ahmed Gojjer Mohd. Yousuf Gojjer Jawahirpora Lam Farooq Ahmed Gojjer Ghulam Qadir Gojjer Jawahirpora Fraed Ahmed Jagal Saif ud Din Jagal Sangerwani Mohd. Altaf Chowhan Mohd. Younis Chowhan Brenpathri Nazir Ahmed Khoker Mohd. Abdullah khoker Lalpora Riyaz Ahmed Gorsi Mohd. Hussain Gorsi Draklarn Nazir Ahmed Chanija Mohd. Yaseen Chanija Barinad Karmulla Zahoor Ahmed Tedwa Nazir Ahmed Tedwa Sangerwani Mohd Ishaq Khoker Mohd Abdullah Khoker Lalpora Annexure “E” LIST OF CANDIDATES SHORT LISTED FOR THE POST OF STORE ATTENDANT (CATEGORY - OPEN MERIT) Name of the candidate Parentage Residence Date of interview Jehangir Ahmed Bhat Ghulam Ahmed Bhat Dadoora 26-08-2014 Maisar Ahmed Dar Mohd. Yousuf Dar Samboora Insha Jalal Jalal Ud Din Dar Ratnipora Mohammed Umar Farooq Farooq Ahmed Bhat Khrew Younis Maqbool Mohd. Maqbool Dar Kakapora DIPK-5294 25-08-2014 Time your investment facebook.com/DailyGreaterKashmir 13 004 Sd/-{Chief Horticulture Officer Pulwama} Chairman District Level Recruitment Committee, For Class IV posts in Horticulture Department District Pulwama.