The Reserve Bank of India (RBI) is making continuous efforts to bring banking services to the rural population of the country. The RBI is also working to make the common people develop financial awareness under the Government of India’s Skill India Mission.
The RBI would organise countrywide competitions related to financial areas at college and universities levels under the Skill India Mission, said RBI general manager HK Soni. He was speaking at the lecture series organised on Saturday by Machala Chaturvedi National University of Journalism and Communication.
Soni provided information about the works of the bank to the students before the essay writing competition being organised by RBI over the topic ‘Demographic Structure: Opportunities or Challenges.’
During the lecture series, student’s questions were answered besides they were provided information about the national and international economy.
Soni said that our first mission is to make Indian people financially literate and for that we would make them understand the meaning of financial literacy, income and expenses limits.
To make them understand that if their income is 50 paisa than their expenditure should never be one rupee, he added.
He also elaborated the role of RBI in currency management and financial inclusion. Briefing about the direct and indirect taxes the RBI general manager told the students that in an good economy direct taxes are more transparent and this anomaly could be resolved through the Good and Services Tax (GST).
The programme was conducted by university’s journalism department head of the department Rakhi Tiwari who also welcomed the guests while the thanks giving was done by university’s rector lajpat Ahuja.