Special Seminar on “Financial Literacy Awareness” Held on April 12, 2017
“Lives of great men all remind us
We can make our lives sublime
And departing, leave behind us
Footprints on the sand of times”
-Longfellow in “A Psalm of Life”
It was a historic moment for IMS Ghaziabad, because “Special Seminar” had completed one year since it was launched last year on 5th April, 2016, under the dynamic leadership of Director IMS - Prof. J.P.Sharma sir. It has setup a benchmark in the annals of IMS Ghaziabad. The ongoing 18th “Special Seminar on Financial Literacy Awareness”, was jointly organized by Securities & Exchange Board of India (SEBI) & Bombay Stock Exchange (BSE) at IMS Ghaziabad.
Prof.J.P.Sharma, in his inaugural address highlighted the prevailing financial illiteracy in countries like Russia, China, and India to name a few. In his view countries like Finland, Norway, Denmark, Germany, UK have the highest financial literacy. He emphasized the urgency of financial awareness among young investors.
Dr. Satwinder Kaur, Resource Person, SEBI, flagged the issue of financial planning among young investors. She also talked about ‘financial goals’, SWOT Analysis for self, budgeting, need for savings and many more useful tips to the participants. Mr. Harbinder Singh Sokhi, Manager ,BSE, highlighted the role of BSE and ways for financial investments by an individual. BSE gone online in year 2000 and it was one of the oldest stock exchanges in Asia. He emphasized on the need for investments in stock market at an early age for greater returns while suggested risk averse people to go for mutual fund (MF) as an option for safer retirement. Mr. Dinesh Dixit, AGM, SEBI discussed the role of SEBI as a watch dog in the country. He also cautioned about “ponzi schemes”, who fleece money from the public without having necessary permission from the SEBI authorities. The session was followed by ‘Question & Answer Session’, The Chairperson of “Special Seminar Series”- Dr. S.K. Dube, later on expressed “Vote of Thanks” to the distinguished guests .