Securities and Exchange Board of India (SEBI) is a body set up by the Indian Parliament. It started operations in 1988 through an order of Government of India. It is head quartered in Mumbai and has four regional offices across India. SEBI has three functions rolled into one body: quasi-legislative, quasi-judicial and quasi-executive. It drafts regulations in its legislative capacity, it conducts investigation and enforcement action in its executive function and it passes rulings and orders in its judicial capacity.
The students of the Commerce and Humanities stream visited the local office in Patna on 13th October, 2017. Since few years SEBI has been working extensively to increase financial literacy rate of India which is less than 30%.
The students’ visit was part of one such initiative to spread financial awareness; they attended a seminar conducted by Mr. Kumar Abhishek. Topics which were focused upon were money, its investment and various investment products like bonds, debentures, shares, mutual funds etc. Various economic aspects related to budget and inflation was also discussed. It was an interactive as well as an entertaining session involving questions, activities given in a module on financial education, presentation and videos.
Financial literacy is an important issue today as money rules this world and everyone needs to be smart investors to rule their hard earned money. Visiting SEBI was an enriching experience.