Kolkata, September 26, 2024 – Devesh Jain, General Manager of Overseas Corporation Pvt Ltd (OCPL), delivered an insightful presentation on the critical importance of financial literacy for women and youth. With over 20 years of experience in the logistics industry, Jain addressed members of the WYE Wing of the Customs House Agents Association in Kolkata, emphasizing that financial knowledge is a necessity in today’s world.
“Women often rely on their male counterparts to manage finances, and the youth are drawn to quick money and lavish lifestyles. This made financial literacy the perfect subject to discuss,” said Jain, explaining his choice of topic.
The presentation focused on equipping participants with essential financial skills to help them manage personal finances effectively. Jain covered core areas like budgeting, saving, investing, and understanding credit, offering a well-rounded introduction to financial literacy.
Key Highlights of the Presentation:
- Understanding Personal Finance: Jain opened with a simple explanation of financial literacy and its importance, detailing key concepts such as income, expenses, assets, and liabilities.
- Budgeting: He stressed the importance of creating and managing a budget, underscoring how tracking income and expenses can help maintain financial balance.
- Saving and Investing: Jain discussed various saving strategies, urging participants to set aside a portion of their income for emergencies and future needs. He also introduced basic investment vehicles like fixed deposits, mutual funds, and stocks.
- Credit and Loans: The presentation explained the impact of credit scores on financial health and offered advice on how to responsibly manage loans to avoid falling into debt.
- Financial Planning: Jain highlighted the importance of setting clear financial goals, such as planning for education, purchasing a home, or preparing for retirement.
In addition to the core content, the session included interactive elements like quizzes and a Q&A segment, where participants shared their financial experiences and asked questions. The event aimed to encourage lifelong learning in personal finance and empower attendees to make informed financial decisions.
The session concluded with practical tips on improving financial literacy, and Jain urged participants to continue their journey toward financial stability and independence. His presentation was well-received by the audience, reinforcing the significance of financial literacy in achieving both personal and financial well-being.
About OCPL
Overseas Corporation Pvt Ltd is headquartered in Kolkata, with branches in Mumbai and Ahmedabad. The company has established itself as a leader in the logistics sector under Devesh Jain’s two decades of experience.
