The Department of Commerce & Management organised a Financial Literacy Workshop on 28th September 2024 from 10.45 am to 11.45 am in Classroom No. 206. The Department of Commerce & Management organized a Financial Literacy Workshop on 28th September 2024 from 10:45 AM to 11:45 AM in Classroom No. 206. The workshop was attended by 40 (13 male, 27 female) students and aimed to enhance students’ financial awareness, enabling them to make better decisions regarding personal finance management in both short-term and long-term scenarios.
The workshop commenced with Ms. Aarya Bandodkar, a student from SY B.Com, introducing the resource person, Mr. Tanuj Poddar, Founder – Beam Outsourcing Services. The workshop focused on empowering students with knowledge about budgeting, savings, and investments, and highlighted the importance of making informed financial decisions.
Mr. Poddar elaborated on the role of financial planning in the current economic environment, marked by fluctuating inflation and a volatile capital market which has created an apprehension in the minds of the common man about investing in risky avenues such as the stock market, derivatives and mutual funds. Using practical illustrations, he explained how proper investments could be made even volatile markets and risky investment avenues.
The session concluded with an interactive Q&A segment, where Mr. Tanuj Poddar addressed queries from the participants. The vote of thanks was proposed by Ms. Shanel Pereira from SY B.Com, and the event was compered by Ms. Abhishree Raut, also from SY B.Com.
Expected Outcome of the Activity:
The workshop successfully motivated students to adopt a habit of savings and informed investments. Participants gained insights into various financial aspects, including banking, insurance, and the share market, helping them make sound financial choices in the future.
