Srinagar, June 24: A two-day national workshop on ‘Commodity Futures Markets’ was today kicked off at Kashmir University’s Ghandi Bhawan Auditorium today.
 Titled as ‘Train the Trainers’ the workshop is organized by Department of Business and Financial Studies, KU in collaboration with Forward Market Commission and Multi Commodity Exchange, Mumbai.
 Vice chancellor, KU, Prof Talat Ahmad  presided  the inaugural event. Managing Director & CEO, Multi Commodity Exchange (MCX) Lamon Rutten, Member of the Forward Markets Commission, D. S. Kolamkar and Registrar, KU, Prof Syed Fayaz were the special guests on the occasion.
 In his welcome address Head, Department of Business and Financial Studies, KU Prof Nazir Ahmad Nazir who is the organizer of the seminar said it was important to have active commodity markets across the country.
 He said such workshops and conferences boost the morale of students to take new challenges in the business and financial studies. Rutten said: “The MCX is empowering people to be part of the national financial market and national economy.”
 Maintaining that the concept of Commodity Future Markets was by and large new for J&K, Prof Fayaz said the business community in the state can take advantage of this concept and expand the horizons of their business. 
 In his key note address Member, Forward Markets Commission, D S Kolamkar dispelled some “misperceptions” about the Commodity Future Markets. “The future market is a perfect market where there is free flow of information and less role of speculations,” he added.
 Kolamkar who has “contributed to the successful implementation of World Bank Project for developing Indian commodity derivatives market” said: “Once efficient prize discovery was made there is no need for speculation.”
 Director South Campus KU Prof Khursheed A Bhat presented vote of thanks. Dr Riyaz Rainayee conducted the proceedings.

Lastupdate on : Fri, 24 Jun 2011 21:30:00 Makkah time
Lastupdate on : Fri, 24 Jun 2011 18:30:00 GMT
Lastupdate on : Sat, 25 Jun 2011 00:00:00 IST