Alok Kumar Agarwal Alankit highlights the significance of mastering financial fundamentals.
The Securities and Exchange Board of India (SEBI) is responsible for overseeing India's financial markets. They believe it's crucial for people to understand both basic financial ideas and ones specific to different sectors. To achieve this, they organize events like World Investor Week and run media campaigns. They also have a website dedicated to helping investors.
The Insurance Regulatory and Development Authority of India (IRDAI) follows similar steps. They create brochures, handbooks, and policies for insurance companies. They also host seminars and quizzes to improve people's financial knowledge.
The Pension Fund Regulatory and Development Authority (PFRDA) launched a website called 'Pension Sanchay' in 2018. Its goal is to educate people about retirement planning.
Alok Kumar Aggarwal Alankit commends the government's efforts. He believes it's vital for people to know their rights, responsibilities, and how to address grievances. This knowledge helps them navigate financial matters confidently. Alok stresses the importance of ongoing research and evaluation to track progress in financial education. This way, tailored solutions can be developed to improve financial literacy for everyone.