India News | Financial Literacy Helps Surmount Economic Distress: HP Guv
Get latest articles and stories on India at LatestLY. Financial literacy allows one to be better prepared to face monetary problems, which in turn, decreases the chances of personal economic distress, said Himachal Pradesh Governor Shiv Pratap Shukla on Wednesday.
Shimla, Jul 5 (PTI) Financial literacy allows one to be better prepared to face monetary problems, which in turn, decreases the chances of personal economic distress, said Himachal Pradesh Governor Shiv Pratap Shukla on Wednesday.
He was speaking at the state-level 'All India Quiz Competition on Financial Literacy' under the aegis of the Reserve Bank of India (RBI).
Financial literacy is a key life skill as it lays a foundation for understanding the concepts of earning, saving, spending, investing and crediting which in turn leads to developing ability in sound decision-making about finances for overall financial well-being, he said in a statement issued here.
It also protects one against online fraud through a secure banking system, the governor said, adding that inculcating money-saving habits in children from a young age helps them grow into financially-responsible adults.
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Congratulating the participants of the competition, Shukla said the students would act as ambassadors to spread the message of financial inclusion to the masses.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)