The PGDM department conducted an informative workshop on IEPFA-NCAER Investor Education and Protection for PGDM Batch (2024-26) students on 31st July 2024. The session featured esteemed panelists, including Dr. C.S. Mahapatra, Lt. Col. Rajesh Kumar, Mr. Harsha Bhowmik, Mr. Rakesh Sharma, and Dr. S.D. Vashishtha. Dr. C.S. Mahapatra, IEPF Chair Professor at NCAER, opened the workshop by emphasizing the importance of investor awareness and understanding of financial concepts. He highlighted the ease of accessing information today compared to the past and stressed the need to build trust with information providers. Dr. Mahapatra also discussed the power of sustainable knowledge and skills, touching on topics like cryptocurrency and Warren Buffett’s investment strategies.
Lt. Col. Rajesh Kumar, General Manager at IEPFA Ministry of Corporate Affairs, addressed the issue of unclaimed shares and the process for investors to claim refunds. He explained the creation of IEPFA, the safety of accounts, and the necessity of claiming investments within seven years from the company. He also discussed why finance is necessary and how investments become unclaimed. Dr. S.D. Vashishtha, Professor, Dean, and Head of the Faculty of Commerce & Management at MD University Rohtak, provided insights on the timing of investments and the importance of financial calculations such as net worth, book value, and market price. He stressed the significance of consistency in financial planning and the impact of investment decisions on purchasing power.
Mr. Rakesh Sharma, former Chief General Manager at PFRDA, discussed the processes of retrieving investments and the significance of understanding financial mechanisms. He emphasized the importance of knowledge in financial planning and management. Mr. Harsha Bhowmik, Director of Digital Economy & Fintech at the Ministry of Finance, presented data on the growth of financial inclusion from 21% to 80% over ten years, highlighting the rapid increase in market participation. He discussed the evolving financial landscape and the increasing financial system leakages, underlining the need for robust financial education.
The session concluded with a 30-minute question-and-answer segment, allowing the audience to engage directly with the panelists. This interactive segment provided practical insights and solutions to common financial challenges faced by young managers. Its provides attendees with an opportunity to discuss and reflect on the day's learnings. Overall, the workshop was a valuable experience, equipping students with essential knowledge and skills for their future financial endeavors.