The Business School,JU organises workshop on ‘Financial Literacy’ in collaboration with RBI

JAMMU, September 20: The Business School, University of Jammu in its endeavour to build strong academic foundation has been organising various student engagement activities. In line with this, the Management Club of TBS organised Financial Literacy workshop in collaboration with Reserve Bank of India (RBI), Jammu.

The event started with the formal welcome address by Prof. Vinay Chauhan, Director The Business School. While highlighting the theme of the event, Prof. Chauhan spoke about the importance of such events for the growth and development of students.

The RBI team headed by Mr. Navjot Singh, Manager, RBI, Jammu interacted with the students and scholars. Mr. Navjot in his deliberation stressed upon the relevance of the workshop to equip students with the knowledge needed to make informed and prudent investment decisions, ensuring their financial well-being in the future.

Mr. Sourabh, Mr. Sameer, Assistant Manager at RBI, Jammu spoke about the pivotal concept of Financial Inclusion. He emphasized that while having a bank account represents a significant step towards financial inclusion but stressed that it is not the sole criterion. Mr. Sameer delved into the reasons why individuals in tier 3 and tier 4 cities often find themselves financially excluded, shedding light on the challenges they face. During his informative session, he also enlightened the students about the diverse investment avenues available in the financial landscape. He emphasized the importance of understanding the associated risks when exploring these investment options. Further, Mr. Rahul Kumar, Assistant Manager at RBI, Jammu, shed light on the Integrated Ombudsman Scheme and its significant features. He provided a detailed explanation of the complaint filing procedure, and equipped attendees with essential knowledge on how to address financial grievances effectively and access the necessary support channels.

Continuing the enlightening session, Mr. Rajat Bali provided an in-depth explanation of the Foreign Exchange Management Act, 1999 (FEMA) and its broad applicability. He elucidated how FEMA governs foreign exchange transactions and clarified its relevance to various financial activities.

The event culminated with an engaging quiz, where students and scholars had the opportunity to put their newfound financial knowledge to the test. The winners of the quiz were celebrated, and all participants left with a sense of empowerment, armed with a deeper understanding of financial matters.

The event was coordinated by the Management Club of The Business School under the guidance of Dr. Shelleka Gupta, Assistant Professor The Business School. 

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