Financial literacy can leads to national growth : Financial Experts

Financial literacy can leads to national growth : Financial Experts

LIC’s Rs 28,000 Crores is still ‘unclaimed’ due to people negligence: SEBI

Citizens Awareness Group organized seminar on Financial Literacy at Chandigarh Press Club

The Voice of Chandigarh News | Photo By T S Bedi

Chandigarh, Financial awareness in strata of society can helps in all round nation’s development. Not only banks, related agencies, NGOs can make a difference but also individuals’ earn capital to proper investment can huge difference in their return. These notion were reflected from the seminar themed on ‘Investor Awareness In Economic Prosperity Of Citizens’ being organized by Citizens Awareness Group today at Chandigarh Press Club. Around 120 people were benefitted from the session.

In his deliverables, Suprabhat Lala of National Stock Exchange (NSE), he revealed Indians tops the chart in ‘Saving Grade’ globally but unfortunately they fails to convert their capital in saving and returns handsomely due to the lack of financial awareness. Despite of having vivid options like Stocks, Mutual Funds, Bonds and other forms of market investments, investors have yet to utilize their tools. He said NSE in his endavour imparting from school level to big investors through their programs.

Mumbai based Security Exchange Board of India (SEBI)’s Chief General Manager N Hariharan in his address emphasized that before investing investor must go through the profile of company and above all check whether is it/they registered with SEBI or not. He opined SEBI, IRDA and Ministry of Corporate Affairs (MCA) are there to rescue investors in case of extreme.

Surya Kant Sharma, DGM, NSE (New Delhi) rued that approximately Rs 28,000 Crores is still unclaimed with LIC due to sheer negligence of policy holders. Either they never informed their families about the investment or not provided their contacts or correspondence. He insist an investor must share details about their investments to family.

Also present on the occasion, Renu Bhandari, SVP, NSE, Sunil Kadam, Regional Director, SEBI, Surender Verma, Chairman, CAG also briefed about the various aspects of investment and govt schemes on investment.

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