Financial Literacy

NSE and Zomato partner to boost financial literacy for delivery workers

The National Stock Exchange of India (NSE) on Tuesday said it has inked a pact with online food delivery platform Zomato to promote financial literacy and investor awareness programmes among the gig economy workers. This partnership aims to launch an extensive financial literacy and investor awareness drive, specifically designed for Zomato's delivery partners, impacting the lives of over 50,000 gig workers across the country, NSE said in a statement. As a part of the pact, fundamental aspects of personal finance management and the basics of investing will be covered. Topics will include budgeting, saving, investing, debt management, and insurance, among others. To ensure accessibility and inclusivity, the programme will be conducted in multiple regional languages, catering to a diverse audience among the gig workforce. "This partnership with Zomato is a significant step in expanding our outreach to a critical segment of the workforce that drives the digital economy. By equipping .

Raksha Bandhan 2024: Gift your sister financial literacy; some tips for you

Whether it's an investment in her future or contributing to her financial goals, a financial gift could be the most meaningful present you give this year

77% low-income households saw no income increase in the past 5 yrs: Report

A Redseer survey on low to middle income households found that 65% respondents relied on family and friends for financial support, citing medical emergencies as a major cause for savings depletion

Young Indians take to SIP on financial literacy: WhiteOak MF official

Ease of transactions through the digital mode, rising disposable incomes and increased financial literacy are prompting young Indians to venture into mutual funds' Systematic Investment Plan (SIP), a top official of WhiteOak Capital Mutual Fund said. WhiteOak Capital Mutual Fund, which has 3.33 lakh investors and manages assets worth Rs 8,400 crore since its began operations one-and-half-years ago, said GenZs and Millennials account for 56 per cent of their investors. Millennials, also known as Gen Y, are typically defined as those born between 1981 and 1996. Generation Z, or GenZ, are those born between 1997 and 2012. The data shared by the fund house showed that 28 per cent each of its 3.33 lakh investors belong to the 18-35 years and 35-45 years age groups. The majority of its investors -- 51 per cent -- came through digital channels at the age of 18-35 years. "As millennials and GenZ are digital natives, it is quite natural for them to prefer technologically centric financial

Nearly 90% of young people lack ability to calculate loan repayments

The exercise involved calculating the total amount to be repaid after a year if one is given the loan amount and the interest applicable

Best of BS Opinion: The French connection, The future of finance & more

Here is the best of Business Standard's opinion pieces for today

'Balance batao', 'digital didi': Fintech transforming financial inclusion

From the government's coffers, Rs 5,000 for opening an account for a child born into a poor family will be yet another milestone for financial inclusion, after PMJDY

Sebi participates in IITF to spread investor awareness, financial literacy

Markets regulator Sebi has set up a pavillion at the India International Trade Fair here to showcase the well-regulated securities market of the country and to spread the message of financial literacy and investor awareness. During the 14-day event, Sebi, market infrastructure institutions and industry associations will organise activities such as talk shows by market experts, skits, muppet shows and other activities to spread investor education and awareness, the markets regulator said. Sebi, along with exchanges BSE, NSE, MCX, NCDEX, and market intermediaries -- CDSL, NSDL, AMFI, ANMI and CPAI -- set up the pavilion 'Bharat Kaa Share Bazaar' in the 42nd India International Trade Fair, it said in a statement. The regulator's theme in the exhibition is "Vaishvik Samridhi Ka Adhaar, Bharat ka Share Bazar", which is aligned with the G20 theme of "Vasudhaiva Kutumbakam". Over the years, Sebi has implemented many investor-friendly measures through the use of technology like screen-base

Women's enrollment in finance, account courses increases by 25%: Study

Furthermore, the demand for finance and accounting courses experienced a substantial growth of 40% in 2022

Financial literacy poor across urban, rural population: RBI survey

The survey was based on three parameters namely, financial knowledge, attitude and behaviour. On a total score of 21, the average urban and rural scores were 11.7

Vice President Naidu calls for improving financial literacy in India

Vice President M Venkaiah Naidu on Monday stressed the need to improve financial literacy among the masses

Vice President Naidu asks ICAI to improve financial literacy of masses

Naidu also said the Insolvency and Bankruptcy Code has revolutionised the corporate resolution processes in the country

Financial literacy or luck? The year small-time traders made a big impact

Retail trading, unlike meme crazes, seems unlikely to fade

This derivatives trader chose financial education over brokerage business

The man who hates seeing people losing money started Kredent InfoEdge, whose two platforms offer video courses on investing and a base for learners to dive into stock fundamentals and technicals

Strategize your financial future through financial education with Pushkar Raj Thakur

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Meet the former Paytm execs who are building a pocket money app for kids

Shankar Nath and Ankit Gera are digitising pocket money for children while nurturing financial knowledge and discipline in them at an early age via their startup Junio

Wharton alumnus who is changing the way Indian women handle their finances

Hena Mehta tries to bring financial independence for women amid gender-specific issues like pay gaps and career breaks

Women need to take charge of their financial lives: Three achievers speak

Three achievers from the financial services underline the importance of striving for financial independence on the occasion of International Women's Day, 2020

Teenagers everywhere don't understand money

Only 12% of 15-year-olds have high financial literacy