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ASIA SPEAKS NEWS SERVICE
Cluster University Srinagar, in collaboration with Amar Singh College Srinagar, today hosted a special extension lecture titled “Payment and Settlement Systems in India,” delivered by Prof. Nisar Ahmad Khan, the former Head of the Department of Economics and former Dean of the Faculty of Social Sciences at Aligarh Muslim University. The lecture was presided over by the Vice-Chancellor, Cluster University Srinagar, Prof. Mohammad Mobin. Also present at the occasion were Principal, Amar Singh College, Prof. Ajaz Ahmad Hakak, Dean Academic Affairs, Prof. Yasmin Ashai, Registrar, Prof. Wilayat Rizvi, Controller, Prof. Khurshid Ahmad Mir, Deans of various faculties at the Cluster University Srinagar, and faculty members of Amar Singh College. The students of the college showed keen interest in the special extension lecture delivered by the expert.
Prof. Aijaz Ahmad Hakak, Principal of Amar Singh College, delivered the welcome address, emphasizing on the importance of guiding students towards innovative knowledge and research opportunities beyond traditional classroom instruction to better prepare them for future challenges. He re-affirmed the commitment of Amar Singh College to uphold academic excellence in the times to come.
In his presidential remarks, Prof. Mohammad Mobin, Vice-Chancellor of Cluster University Srinagar, stressed the necessity of conducting regular extension lectures to enhance students’ domain knowledge. He urged all stakeholders to actively promote innovation and skill-based education within higher education institutions and announced the establishment of a dedicated cell at Cluster University to facilitate ongoing extension lectures across various disciplines.
In his special lecture on “Payment and Settlement Systems in India”, Prof. Nisar Ahmad Khan conducted a thorough analysis of both the historical and contemporary payment systems in the country. He underscored the transformative impact of digital payments on banking and marketing practices, benefiting individuals across various sectors of society. Prof. Nisar stressed the importance of raising awareness regarding the risks associated with digital payments and advocated for enhanced regulatory frameworks to ensure the security of digital transactions. Additionally, he urged the removal of barriers hindering the advancement of digital literacy in India.
The lecture concluded with a lively interactive session. The event was moderated by Mr. Basharat Shameem, Assistant Professor in English, and a formal Vote of Thanks was presented by Dr. Zubair Nazeer, Assistant Professor in Public Administration.
