Financial literacy Current Affairs, GK & News

RBI unveils National Strategy for Financial Inclusion 2019-24

The Reserve Bank of India (RBI) has recently unveiled a National Strategy for Financial Inclusion 2019-24. It aims at providing formal and affordable financial services and to promote financial literacy among customers. Reserve Bank of India under the aegis of Financial Inclusion Advisory Committee (FIAC) have released the strategy. Some of its recommendations include: Setting up Financial service providers ..

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Financial Literacy Week 2019

The Reserve Bank of India (RBI) is observing Financial Literacy Week 2019 from June 3-7 on the theme of “Farmers”. The theme aims to highlight how farmers can benefit from being a part of the formal banking system. About the Initiative The Financial Literacy Week of RBI aims to promote awareness on key topics every ..

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Andhra Pradesh Government launches AP Purse mobile app to promote digital transactions

Andhra Pradesh Government has launched AP Purse mobile application to promote digital transactions among the people. It was launched by Chief Minister N Chandrababu Naidu in Vijayawada to solve the cash crunch problem in the state following demonitisaton of high value old currency notes.  Key Facts The application features 13 mobile banking and 10 mobile ..

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Union HRD Ministry launches Vittiya Saksharata Abhiyan

Vittiya Saksharata Abhiyan (VISAKA) was launched by the Union Ministry for Human Resource Development (HRD) to make people aware about cashless economic system. It was launched by Union HRD minister Prakash Javadekar in New Delhi. It is campaign by Higher Educational institutions for digital econmy. Key Facts VISAKA aims to create awareness among people about ..

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Indians ranked low on financially literacy survey

As per the Visa’s 2012 Global Financial Literacy Barometer survey conducted among over 25,000 people in 28 countries Indians are among the least financially literate people in the world with youth and women struggling most with their finance literacy due to lack of discussions within the families on money management issues. As per the survey: ..

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