Bokaro: A significant workshop on Financial Literacy was conducted today at Chinmaya Vidyalaya, Bokaro, under the auspices of the Central Board of Secondary Education (CBSE). The event, inaugurated by Principal Suraj Sharma and Chartered Accountant Siddhant Jain, aimed to impart essential knowledge on the basics of financial and retirement planning.
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The workshop commenced with the ceremonial lighting of the lamp, signifying the initiation of a session dedicated to financial enlightenment. The music department welcomed attendees with a melodic welcome song, setting a positive tone for the insightful session.
Chartered Accountant Siddhant Jain, the eminent source authority for the workshop, provided valuable insights into financial planning, emphasizing the importance of adapting one’s financial strategy for a secure future. He guided participants on adjusting finances and making informed investments to avoid potential financial crises.
Jain outlined four key principles for financial well-being. First, he stressed the importance of term insurance, followed by a recommendation for comprehensive health insurance. Additionally, he advised investing in mutual funds through SIP (Systematic Investment Plan) and allocating funds to reliable dividend funds in the stock market.
Jain highlighted the necessity of maintaining a liquid emergency fund while remaining disciplined in market investments, asserting that traditional fixed deposits in banks may not yield significant benefits.
Addressing potential pitfalls, Jain cautioned against short-term investments, discouraging reliance on online platforms or YouTube for investment decisions. He advocated seeking advice from qualified professionals before making investment choices, particularly during market fluctuations. 
Principal Suraj Sharma commended the workshop, expressing optimism about its positive impact on the future financial literacy of the participants. The event, brilliantly conducted by Supriya Chaudhary, saw active participation from Secretary Mahesh Tripathi and various other teachers and staff members. The workshop aimed not only to enhance financial knowledge but also to instill a sense of prudent financial practices for a secure and prosperous tomorrow.
