MARKET regulator, Securities and Exchange Board of India (Sebi), will help the mutual fund industry in its efforts to increase financial literacy, a senior Sebi official said. "Sebi is keen on focusing on investor education. It will help the mutual fund industry in its efforts to increase financial literacy," Sebi chairman, C B Bhave, said here. "Our big challenge is investor education and financial literacy. Investors should get the scheme information document in regional languages," Mr Bhave said. He said that the mutual fund industry was at the crossroads and should not expect results in six months. "It is always difficult to accept change but if you are confident that the change is good for the consumer you accept it eventually," Mr Bhave said. On the issue of financial literacy, he said that it is a big challenge due to the vastness and diversity of the country. The importance of having the messages (of financial literacy) in regional languages cannot be emphasised enough, he said.
The Make in India program was launched by Prime Minister Naredra Modi in September 2014 as part of a wider set of nation-building initiatives. It was devised to transform India into a global design and manufacturing hub. The primary motive of the campaign is to encourage multinational as well domestic companies to manufacture their products in India. This would create more job opportunities, bring high-quality standards and attract capital along with technological investment to bring more foreign direct investment (FDI) in the country. Why India as the next manufacturing destination? The rising demand in India along with the multinational's desire to diversify their production to include low-cost plants in countries other than China, can help India's manufacturing sector to grow and create millions of jobs. In the words of our Honourable Prime Minister- Mr. Narendra Modi, India offers the 3 'Ds' for business to thrive— democracy,...
