A national strategy for financial education
Bhaskar Nath Biswal
The growing need for financial education for families to take prudent and rational investment decisions and to ensure their economic security has been widely recognised. The Covid-19 pandemic has exposed our financial weaknesses which necessitated some sort of economic security at the individual as well as organisational level. Sudden changes in the income flows shattered the lifestyles of many. Life went as it is for those who made better financial decisions for themselves and their families, increasing their economic security and wellbeing. Thus, being financially literate is not only important for the household, but also for communities and societies. (Hogarth, Jeanne M., 2006).
Cyber security, data protection must to promote financial inclusion, says RBI Guv
RBI Governor Shaktikanta Das added that it was imperative to build trust in formal financial services among the hitherto excluded population.
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Issues concerning cyber security and data protection must be addressed to gain confidence of the excluded section in use of technology, which is necessary for promoting financial inclusion,
Reserve Bank Governor Shaktikanta Das said on Wednesday. Technology, though being a great enabler, can also lead to exclusion of certain segments of society, Das said in his keynote address at a webinar on Investing in Investor Education in India: Priorities for Action , organised by the NCAER.
RBI governor asserts financial inclusion poised to grow bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
Financial inclusion poised to grow exponentially in India: RBI Governor Shaktikanta Das
In a large country like India, which has an aspiring population, financial education cannot remain just the responsibility of financial sector regulators, says RBI Governor Shaktikanta Das
BusinessToday.In | December 16, 2020 | Updated 15:14 IST
RBI Governor Shaktikanta Das
Financial inclusion in India is poised to grow exponentially with digital savvy millennials joining the workforce, social media blurring the urban-rural divide and technology shaping the policy interventions, RBI Governor Shaktikanta Das said at a webinar on national strategy for financial education. As we inch towards the close of what has been an unprecedented year in terms of loss of lives and livelihood and the way of living in general, it would be appropriate to look at the area of financial inclusion and literacy which has both broad macro level implications for financial stability as also a micro connotation towa
RBI governor asserts financial inclusion poised to grow in India with digital-savvy millennials joining workforce ANI | Updated: Dec 16, 2020 15:32 IST
New Delhi [India], December 16 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said financial inclusion in the country is poised to grow exponentially with digital-savvy millennials joining the workforce, social media blurring the urban-rural divide and technology shaping the policy interventions.
He also highlighted the RBI s and government s role and steps erquired for enhancing financial inclusion and education.
Das opined that financial education is one of the strategic pillars, which sets the broad context for the National Strategy for Financial Education (2020-2025) having an ambitious vision of creating a financially aware and empowered India.