Citizens Awareness Group organizes Seminar on Financial Inclusion Through Financial Education

By Tricitynews Reporter

Chandigarh 27^th December:- Citizens Awareness Group, in collaboration with Panchkula Management Association and Consumers Association Panchkula has organized Workshop on Financial inclusion through Financial education under the aegis of Securities Market Awareness Campaign by SEBI in Panchkula. 24 December is observed as National Consumer Day. This program was organized on Eve of National Consumer Day to educate investors as well as consumers.

Panchkula Mayor Mrs Upinder Kaur graced this occasion by her presence. Information on ‘Consumers rights and problems they face’ was given in the seminar. Many speakers shared their opinions on consumer problems and their solutions.

It is felt that awareness pertaining to the stock market is lacking among investors. A lot of people cannot invest or hesitate to do so and many tend to make wrong decisions due to lack of information. Advising people not invest in a business they do not understand, investors were asked to look for companies with a sound management.

Surinder Verma, Chairman, Citizens Awareness Group Chandigarh, said that consumers face many problems now days. We are here to solve their problems. We get many cases where consumers say that they were fooled by companies. We solve their cases as a mediator and try to avoid going to consumer courts as much as possible.

While emphasizing on Financial Education, He said that you would not buy a color TV before visiting a few dealers and taking advice from some friends. But a rumour might prompt you to buy stocks worth Rs. 2 lacs. So most of the losses occurred in the stock market are a result of hasty decisions, greed and fear. He also exemplified how even educated and high income group investors fail to follow the safeguards while investing in the stock market.

Nishant Shrivastava, assistant manager, National Stock Exchange Ltd said that the presence of market regulator like SEBI and due to safe regulation adopted by various stock exchanges, the market has become far safer for small and medium investors. If investor enters in the market equipped with fundamental knowledge about the company they intend to invest in, they have fairly good chances of making a steady profit. She dwelt upon numerous aspect of the capital market like duties of investors, investor protection guidelines, trading and risk management etc.

PS Anand, General Secretary, Panchkula Management Association said that objective of the program was to educate the citizens about the investment opportunities available in the securities market and apprise them about their rights and obligations while dealing in the financial market.

The program was attended by more than 100 general investors and the queries put forward by them were answered by the Panelists.