Never miss a story

Get subscribed to our newsletter


×
YesPunjab.com/wikipedia

'Rich Dad, Poor Dad' were the primary source of financial advice for Indian teenagers.

By Shikha Mittal

There was a period when famous novels like 'Rich Dad, Poor Dad' were the primary source of financial advice for Indian teenagers. Despite the outstanding principles, the prose was unrelatable to an Indian reader, and the advice was unworkable. Professional advice, on the other hand, was out of reach due to the prohibitively high cost of hiring a financial planner. As a result, the Indian retail investor stayed away in large numbers. That was a long time ago.

Keep Reading Show less

Popular

'India needs to increase digital literacy'. Unsplash

As the adoption of digital payments grows across the country, there is a need to further improve digital and financial literacy, said Karanraj Chaudri, Advisor, Social Impact Investments at United Nations Development Programme (UNDP) for India and South-Asia.

He noted that the Government of India (GoI) has undertaken various measures including developments such as cash transfers by the government through Pradhan Mantri Jan Dhan Yojna (PMDY) accounts for COVID relief which may nudge higher levels of engagement with formal bank accounts.

Keep Reading Show less
Digital Transaction. Pixabay

Roorkee, March 26, 2017: Financial literacy and awareness about digital transactions is paramount in rural India to make the cashless economy a reality, executives of mobile wallet-provider services said here at a panel discussion.

In the on-going three-day tech festival at IIT Roorkee, the panel discussed the effects of demonetisation, use of mobile wallets and digital transactions in rural India.

Keep Reading Show less