IIJT Mangalore to organize seminar on Career in Financial Planning

[email protected] (CD Network)
August 2, 2011

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Mangalore, August 2: TeamLease Services, India's largest staffing Company and Indian Institute of Job Training (IIJT), India's fastest growing vocational education company is organizing an awareness seminar on Career in Financial Planning on August 6, 2011 at Hotel Deepa Comforts, opposite Canara College, MG Road, Mangalore at 10.45 am.

The seminar jointly organized by IIJT and Financial Planning Standards Board India would throw light on Financial Planning as prospective career for graduates, undergraduates and working finance, insurance and banking professionals. For registrations contact: 0824 4277791

Sri. Krishna Palemar Hon Minister for Ecology, Environments, Port and Inland Water Transport, Govt of Karnataka will inaugurate the seminar. Air Vice Marshal KR Karnik (Retd), Director, Justice KS Hegde Institute of Management, Nitte, Mr Sanjeeva Mathur AVP, Financial Planning Standards Board of India (FPSB) will be the Guests of Honour.

About Financial Planning

Financial Planning is the process of determining how an individual can meet life goals through the proper management of his or her financial resources. Examples of life goals include a comfortable retirement, buying a home, saving for a child's education or starting a business.

A Financial Planner is someone who uses the Financial Planning process to help clients figure out how to meet their life goals. A Financial Planner can take a "big picture" view of a client's financial situation and make Financial Planning recommendations based on the client's needs in areas such as budgeting and saving, taxes, investments, insurance and retirement planning. Or, the planner may work with a client on a single financial issue but within the context of that client's overall situation.

A Financial Planner helps a client analyze either all or selected areas of his or her finances and develops a "plan" bringing together all of the client's financial goals, or provides advice on specific areas as needed. This big picture approach to a client's financial goals sets the planner apart from other Financial Advisers, who may have been trained to focus on a particular area of a client's financial life. The Financial Planning process as described on the following page distinguishes Financial Planning practitioners from other Financial Advisers.

About IIJT

Indian Institute of Job Training [IIJT] is one of India's largest and leading vocational education providers with a capacity of over 1 lakh concurrent students in courses. Started in 2006, IIJT is the fastest growing educational brand in the country with over 120 centers across the country. IIJT offers short term and long term courses in the areas of Finance, Information Technology, Retail and Sales & Marketing. The TeamLease and IIJT strategic alliance aims to help bridge the employability gap and support the industry's demand for skilled manpower.

About FPSB India

Financial Planning Standards Board India is a Public – Private Enterprise and a Professional Standards Setting body that proactively guides the development and promotion of standards for Financial Planning professionals to benefit and protect the public in the country. FPSB India closely works with all the stakeholders' viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. It is a Professional Membership & Certification organization-part of leading Global Confederation established by prominent financial service corporations with an objective to professionalize the concept of Financial Planning in India.


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News Network
December 30,2024

Mangaluru: Despite a reduction in the number of cybercrime cases in 2024 due to effective preventive measures and increased public awareness, the financial impact of cybercrimes in the Mangaluru Commissionerate was the highest this year. Over Rs 40.46 crore was lost, with Rs 9.32 crore frozen and Rs 2.55 crore released to the complainants, reported Commissioner of Police Anupam Agrawal.

Comparing years, the number of cybercrime cases at CEN Police Station decreased from 196 cases in 2023 to 72 cases in 2024. In total, CEN registered 313 cybercrime cases from 2022 to 2024, including 55 cases in 2022, 196 in 2023, and 62 in 2024. In contrast, other police stations reported 120 cybercrime cases during this period, with eight cases in 2022, 40 in 2023, and 72 in 2024.

The financial losses from cybercrimes in 2022 were Rs 61 lakh, with Rs 7 lakh frozen and Rs 6 lakh returned to victims. In 2023, the losses increased significantly, with Rs 9.83 crore lost, Rs 6.29 crore frozen, and Rs 1.17 crore released to complainants.

Cybercrimes were mainly investment frauds, accounting for 50% of the cases and around 75% of the total losses. A total of 67 cases of investment fraud led to a loss of Rs 30.3 crore in 2024. Other major cybercrime categories included digital arrest scams (25 cases, Rs 7.1 crore lost), job frauds (8 cases, Rs 1.2 crore lost), and matrimonial frauds (4 cases, Rs 60.4 lakh lost). Online shopping frauds resulted in Rs 5.9 lakh in losses from three cases, while share market frauds led to Rs 41.96 lakh in losses from five cases. Other frauds, including advertisement, KYC, and miscellaneous scams, caused additional losses.

The National Cyber Crime Reporting portal received 5,498 complaints, with 215 cases converted into FIRs. Arrests related to cybercrimes increased in 2023, particularly at other police stations. This year, 42 individuals were arrested for cybercrimes, with 15 from Karnataka and 27 from other states, including Kerala and Tamil Nadu.

To combat cybercrime, 217 awareness programs were held across Mangaluru, targeting various sections of society. These programs were organized at the Police Station, Beat, Sub-division, and Commissionerate levels, helping spread awareness and prevent future crimes.

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News Network
December 31,2024

Mangaluru: In a heartwarming act of selflessness, the family of a 52-year-old auto-electrician from Mangaluru chose to donate his organs after he was declared brain dead in Abu Dhabi. This decision brought hope and new life to four people, turning a personal tragedy into a legacy of compassion.

Sudhakar, son of Chakku, hailed from Ekkur in Magaluru, and worked in Al Ain for nearly five years, continuing a 15-year career in the UAE. On December 14, while at work, Sudhakar experienced dizziness and was rushed to a clinic. His condition worsened as his blood pressure fluctuated. Due to insurance complications, he was referred to multiple hospitals before being diagnosed with a brain clot. A surgery was performed with his company’s consent, but during the procedure, Sudhakar suffered a cardiac arrest and was placed on a ventilator. Despite the family’s hopes for his recovery, he was declared brain dead on December 18.

Faced with an emotionally wrenching decision, the family chose to honor Sudhakar's memory by donating his organs. "The authorities contacted us for our consent, and the entire family, including his wife Seema and her father, participated in a conference call. Though it was a tough decision, we agreed to give life to others through him," shared Ganesh, Sudhakar's elder brother.

On December 23, at Cleveland Clinic in Abu Dhabi, Sudhakar’s lungs, liver, and kidneys were successfully retrieved for transplantation, giving four people a second chance at life. "We are proud that even in his passing, Sudhakar became a beacon of hope for others," said Ganesh.

The authorities extended immense support to Sudhakar’s family, ensuring the respectful transport of his mortal remains to Mangaluru. They also sponsored the travel of a family member to accompany the body, which arrived on December 27. Sudhakar's final rites were conducted the same day.

Sudhakar leaves behind his wife Seema, a homemaker, and two children, Sakshi, 20, and Sakshath, 11. While the family takes solace in his final act of generosity, they hope for support in securing the children's education and future.

Sudhakar’s story serves as a poignant reminder of how even in loss, one can choose to give the ultimate gift of life to others.

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News Network
January 9,2025

Mangaluru: In a significant development, Mescom has proposed a phased electricity tariff hike starting with Rs 0.70 per unit for the fiscal year 2025-26. The proposal has been submitted to the Karnataka Electricity Regulatory Commission (KERC) for approval, signaling a potential increase in electricity costs for consumers.

Mescom emphasized that the current tariff structure is insufficient to meet operational expenses and manage revenue effectively. To address this, the company has invited public objections to the proposed hike.

Currently, the electricity supply cost is Rs 9.23 per unit, while the consumer tariff stands at Rs 8.53 per unit, leading to a shortfall of Rs 0.70 per unit. For the financial year 2023-24, Mescom reported revenue of Rs 5,924.73 crore against an expenditure of Rs 6,310.39 crore, resulting in a deficit of Rs 367.66 crore. For the 2025-26 fiscal year, projected revenue is Rs 5,850.81 crore, with an actual requirement of Rs 5,961.63 crore, creating a deficit of Rs 110.82 crore.

In a first, Mescom has submitted a multi-year tariff revision proposal to KERC. The plan outlines a hike of Rs 0.70 per unit for 2025-26, followed by Rs 0.37 per unit for 2026-27 and Rs 0.54 per unit for 2027-28.

"An increase in electricity tariff is inevitable," stated Jayakumar R, Managing Director of Mescom. "Mescom has submitted a proposal in this regard to KERC."

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