Indian Digitalization – a mark of the era, example, and case study for the rest of the world: Financial experts
Session on financial awareness organized at SD College
Chandigarh, Students should turn towards savings from today which will eventually prove beneficial for their career and professional life in the near future. These sentiments were expressed by Ashwini Bhatia, Wholetime Member, Securities and Exchange Board of India (SEBI) during a special session organized for the students and faculty of Commerce Departments at SD College, Sector 32 which was organized in collaboration with Citizens Awareness Group, SEBI and BSE on Friday. Bhatia, a former MD of State Bank of India, while sharing his experiences from his financial career inspired each one for saving and investments. Elaborating his principle of discipline, default and diversification, he advised youth that along with savings, investment is also necessary for which long-term patience is required as there are no shortcuts in this sector. Citing the example of 8800 crore transactions daily in the Indian market, Bhatia said that India is an example for the whole world in terms of digitization and this nation’s success is a ‘case study’ for western world. He also favours maintaining an ‘Emergency Corpus’ to deal with the emergency situation in life.
Earlier, Surendra Verma, the organizer and chairman of the Citizens Awareness Group, in his welcome address said that the students have the urge to be future investors. This session was organized with a view to provide them with an investment market and financial awareness.
In his address, SEBI’s Regional Director Rajesh Dangeti told that the investment market is doing business worth crores of rupees through technology. While things have become easier for investors with the advancement of technology, there has also been a significant rise in financial frauds, for which one has to be vigilant. Dangeti pointed out that SEBI is also working as a regulator by dedicating a special department for fraud investigation and a strong grievance redressal mechanism.
Meanwhile, BSE spokesperson Haribinder Sokhi while expressing his views told the students that people have started investing especially the youth since the time of Covid. But there is also a need to ensure that all precautions are taken before making any investment. He cautioned that those promising quick returns should be handled with caution.
In his vote of thanks, the Principal of the college Ajay Sharma thanked the experts and said that surely this session has cleared many myths and confusion regarding the finances. He assured the college will continue to organize such more events in association with SEBI and BSE for the interests of students.
