Seminar on Digital Payments- Challenges & Opportunities

AFLC organized a Seminar on Digital Payments- Challenges & Opportunities in Geeta Govind Sadan, Bhubaneswar on 29 Feb 2020. At the outset Mr S Choudhury, Member Advisory Board, AFLC welcomed the guests and participants. Mr D Mishra, Founder and Managing Partner briefly highlighted objective of the Seminar.

The Seminar was inaugurated by Mr M K Mall, Regional Director, Reserve Bank of India, Bhubaneswar. Mr P Vasudevan, Chief General Manager, DPSS, RBI, Mr P Krishnamurthy , former CGM, RBI, Mr Arif Khan, Chief Digital Officer, NPCI and Mr Vittal Raj, eminent Chartered Accountants, Chennai addressed and interacted with the audience.

Mr P Krishnamurthy explained the credit delivery channels in the evolving digital landscape. Mr Vasudeavan gave an overview of the Payment Eco- System, Regulatory perceptive and way forward.Mr Arif Khan made a presentation on NPCI and Vittal Raj discussed on the Cyber Risks in digital banking and its mitigation.

The speakers made lively presentations, clarified many tricky questions. Academicians, bankers, senior citizens, student delegates and public who participated highly appreciated. Students of Utkal University , and OUAT had active participation.Eminent Professors Dr D V Ramana , XIMB and Dr Samarendra Mahapatra, OUAT were present. Dr Manoranjan Bhuyan, former GM, Bank of Baroda proposed Vote of  Thanks.

Workshop on Financial Literacy in Delhi Public School, Dhenkanal

AFLC organized a workshop on Financial Literacy in Delhi Public School, Dhenkanal, on 6 December 2019. Founder D Mishra, Adviser S Choudhury and guest speaker Mr. Asutosh, Manager, Dhenkanal branch of HDFC Bank conducted the program. Dr. Bora, the Principal welcomed the gathering. Mr. Mishra explained the basics of banking, banking structure in India, SACHET Scheme Mr. Choudhury explained Financial Awareness Messaging ( FAME) and gave an outline of RBI functioning. Mr. Asutosh explained digital banking, e-commerce, etc. A financial quiz was conducted. Certificates and prizes were distributed to 10 successful participants. In all, 65 students participated in the program.

AFLC is thankful to Mr. Asutosh, HDFC Bank and Mr. Dibakar Moharana, Teaching Staff, DPS for the success of the event.

Workshop at Synergy Institute of Engineering and Technology, Dhenkanal

AFLC conducted a Workshop on Financial Literacy in Synergy Institute of Engineering and Technology, Dhenkanal on 1 November 2019. The Principal, at the outset, welcomed the guests and emphasized the significance of financial literacy in our society.

D.Mishra, Founder and Managing Partner, AFLC briefly explained the objectives and activities of AFLC and how it is committed to bringing transformation in the society. He gave an outline of the financial canvass, banking structure, deposit insurance, regulation of banks in India.

S Choudhury, former General Manager, RBI briefly explained the functions of the central bank (RBI) and the monetary policy, instruments of monetary control, and forex exchange management in the country.

Subhranshu Sarangi, Manager, Office of Banking Ombudsman, RBI, Bhubaneswar explained the limited liability on account of digital banking transactions by the bank customers. He explained the grievance redressal mechanism available with the banks and the role of Banking Ombudsman in dealing with Complaints in the banking system.

A Financial Quiz was conducted by Mr. S. Choudhury. Prizes were distributed to 10 successful participants. In all, 65 students and office staff participated in the workshop.

WORKSHOP ON FINANCIAL LITERACY- INDIAN INSTITUTE OF MASS COMMUNICATION

AFLC conducted a Workshop on Financial Literacy at Indian Institute of Mass Communication, Dhenkanal on 18 September 2019. At the outset, Prof (Dr) Mrinal Chatterjee, Head of the Institute welcomed the guests and emphasised the supreme importance of financial literacy in our society.

D.Mishra, Founder and Managing Partner, AFLC briefly explained the objectives and activities of AFLC and how it is committed to bring transformation in the society. He gave an outline of the financial canvass, banking structure, deposit insurance, regulation of banks in India.

S Choudhury, former General Manager , Reserve Bank of India briefly explained the functions of the central bank ( RBI) and the monetary policy, instruments of monetary control, (Repo Rate, Reverse Rate, CRR, SLR, etc.), transmission of the policy.

Madan Mohan Dash, Manager, Office of Banking Ombudsman , RBI, Bhubaneswar explained the limited liability on account of digital banking transactions by the bank customers. He explained the grievance redressal mechanism available with the banks and role of Banking Ombudsman in dealing with Complaints in banking system.

A Financial Quiz was conducted by Mr Choudhury. Prizes were distributed to 10 successful participants. In all, 66 students and office staff participated in the workshop.

Regional Seminar on Investor Education – Focus: Capital Market and Pension System

Abhyutthana Financial Learning Centre ( AFLC), a Civil Society Organisation  ( CSO) accredited to World Bank, organized “Regional Seminar on Investor Education: Focus – Capital Market & Pension System ”  in Geeta Govind Sadan, Bhubaneswar on  July 20, 2019, with great success. 

The Seminar was inaugurated by Shri G Mahalingam, Whole Time Member, SEBI and presided over by Shri K R Das , former Regional Director, RBI, Hyderabad,  Shri M K Mall , Regional Director, RBI, Bhubaneswar and Shri Hemant Contractor, former Chairman, Pension Fund Regulatory and Development Authority ( PFRDA)  ( 2014-2019)  were guests of honour.  At the out set Shri Siladitya Choudhury, Advisor, AFLC  welcomed the guests. Shri Dasarathi Mishra, Founder and Managing Partner of AFLC introduced the guests.

 Shri Mahalingam,  Shri Hemant Contractor, and  Shri Moloy Biswas, Regional Manager, CDSL, Kolkata – an expert on  capital market addressed and interacted with the participants.  It heartening to note that   for  the first time in Odisha, Pension Literacy has been discussed in a large forum by the experts.

On this occasion, a special Issue ” FIN LIT LIGHT” containing articles on financial inclusion by experts was released.  Around 150 people comprising  officials from banking, insurance , MFI sector , senior citizens, academicians and students of select business schools were participants. 

Shri Pravat Mohanty senior member,  Odisha Investor Education Forum proposed a vote of thanks.

WORKSHOP ON FINANCIAL LITERACY AT FAKIR MOHAN UNIVERSITY, BALASORE

On 20 April 2019, AFLC organized a Workshop on Financial Literacy in the PG Department of Commerce and PG Department of Business Management of Fakir Mohan University, Balasore.

The workshop was conducted by D Mishra, Managing Partner, S Choudhury, former General Manager, RBI and M M Dash, Manager, Office of Banking Ombudsman, RBI Bhubaneswar. 

It is worth mentioning that :Fakir Mohan Senapati (Odia: ଫକୀର ମୋହନ ସେନାପତି; 13 January 1843 – 14 June 1918), referred to as Utkala Vyasa Kabi was an eminent writer, poet, philosopher and social reformer. He played a leading role in establishing the distinct identity of Odia, Fakir Mohan Senapati is regarded as the father of Odia nationalism and modern Odia literature.

There was a thunderous applause when the participants were informed that the speaker Shri Siladitya Choudhury , is the great grandson of Vyasa Kabi Fakir Mohan Senapati.

The speakers explained the significance of saving , investment , basics of banking, overview of banking structure, functions of RBI , Monetary policy , complaint redressal system in banks and role of Banking Ombudsman in the grievance redressal system.


A financial Quiz was conducted. 10 students were awarded story books by world famous authors like Anton Chekhov, Oscar Wilde, Leo Tolstoy.

The program was co-ordinated by Professor (Dr ) A B Jena of the University.

A financial Quiz was conducted. 10 students were awarded story books by world famous authors like Anton Chekhov, Oscar Wilde, Leo Tolstoy.

The program was co-ordinated by Professor (Dr ) A B Jena of the University.

CIVIL SOCIETY ORGANISATION POLICY FORUM-2019

The World Bank Group and IMF hosted a  Civil Society Organisation Policy Forum (CSPF) as part of the 2019 Spring Meetings during April 9 -13 , 2019.

We are pleased to inform that  D Mishra, Managing Partner, AFLC was invited to  attend the CSPF  Meetings on individual accreditation.  This accreditation  provided access to all open events of the 2019 Spring Meetings.

On the 9 the April,  Kristalina Georgieva, Interim President and CEO of World Bank, inaugurated and gave the WBG Orientation Opening Remarks.  Mr Mishra participated in CSO Roundtable Conference with Executive Directors of WB and CSO Innovation Fair.

Attended important sessions  : Bretton Woods at 75 -Rethinking International Co-operation, Money and Payment in the Digital Age,  One-on-One with Christine Lagarde, featuring Sir David Attenborough: Balancing Nature and the Global Economy, Managing Capital Flows :What is the Right Policy Mix.

In the discussion on Managing Capital Flows, which was moderated by  the  Fund Senior Managing Director, Lipton, featured Stanly Fisher, Dr Raghuram Rajan and Bank of England Governor. In the Chief Economists Roundtable, Christine Lagarde made the opening remarks. The session  was moderated by Gita Gopinath, Chief Economist, IMF. In the Governor Talks , Shaktikanta Das, Governor , RBI spoke about “ Global Risks and Policy Challenges” moderated by Chang Yong Rhee, Director of the IMF Asia and Pacific Department.

 

WORKSHOP ON FINANCIAL LITERACY AT DAV SCHOOL OF BUSINESS MANAGEMENT

We have the pleasure in informing you that AFLC organized Workshop on Financial Literacy at DAV School of Business Management, Bhubaneswar on 13 March 2019. The program was conducted by D Mishra, Managing Partner, AFLC, Shri SR Das former CGM, RBI and Shri S Choudhury former General Manager, RBI. Dr D N Mishra, Principal of the business school welcomed the gathering. The student representatives of DSBM made a formal introduction of the guests.

Shri Shreedhar Behera, Banking Ombudsman, RBI Bhubaneswar addressed the budding talents on various functions of Banking Ombudsman and in particular the Grievance Redressal System available for bank customers.

Shri D Mishra, former CGM threw light on the need of financial literacy in the society and discussed financial awareness messages, financial structure, financial sector reforms, role of banks, NBFCs in financial inclusion.

Shri SR Das, former CGM, RBI explained the central banking function of RBI and gave an overview of the currency management and forex reserve management.

Shri S Choudhury, former GM, RBI gave an outline of the Monetary Policy methodology, liquidity management undertaken by RBI.

A financial quiz was conducted by Shri Choudhury. Books on popular writers/ scientists viz. Leo Tolstoy, Oscar Wilde, Maupassant, O Henry, Edgar Alan Poe, APJ Kalam were given to 10 select students.

AFLC is thankful to Prof (Dr) Anshuman Mohanty, DSBM for coordination of the programme.

AFLC also thanks Shri Nihar Nayak, Office Manager for his logistic support.

In all ,123 students and faculty members participated.

 

CONFERENCE ON FINANCIAL INCLUSION AND EMERGING CHALLENGES- FOCUSING MSMEs HELD ON 8 FEBRUARY 2019

AFLC in collaboration with Indian Chamber of Commerce (ICC), Bhubaneswar organized a day -long Conference on Financial Inclusion and Emerging Challenges – Focusing MSMEs” on 8 February 2019 (Friday) at The New Marrion , Bhubaneswar.

Smt Shyamala Gopinath, former Deputy Governor, Reserve Bank of India and present Chairperson, HDFC Bank inaugurated and delivered as the Key Note address. The inaugural session was graced by Shri Gangadharan , Chairman , South Indian Bank, and Shri P Krishnamurthy, former CGM, RBI, Shri M K Mall, Regional Director, RBI, Bhubaneswar. Shri JB Pany, Co-Chairman, Odisha State Council of ICV welcomed the guests and audience.

Shri D Mishra, Founder & Managing Partner, AFLC introduced the dignitaries and briefly mentioned the objective of the Conference. Shri A K Sabat , eminent Chartered Accountant proposed vote of thanks.

A special Issue: “FIN LIT LIGHT “ was released by the guests.

A Panel discussion on “Dynamics of evolving financial landscape- policy Ecosystem Banking and NBFCs” with Smt Gopinath as Chairperson and Shri Salim Gangadharan, Shri P Krishnamurthy addressed on banking and NBFC sector.

A Technical Session on “Emerging Challenges and Opportunities for MSME sector-FINANCE” was addressed by experts : Smt Bhama Krishnamurthy, former CGM, SIDBI, Shri N C Das, former GM, Indian Overseas Bank, and Shri Divyajyoti Pattanaik., Director, Annapurna Finance.

Technical session on “Emerging Challenges and Opportunities for MSME Sector-INSURANCE” was handled by Insurance Sector expert Shri Manoj Satapathy, Head, Government and Rural Business, Royal Sundaram GIC Ltd.

A Technical Session on “ Hedging Risk of Forex Exposure for SME Exporters” was handled by Shri Gangadharan and Shri P Krishnamurthy. With their long experience in forex derivative and forex management , they explained the intricacies in forex risk management in a lucid manner for benefit of MSME entrepreneurs.

Shri S Choudhury, Advisory Board, former GM, RBI summarized the proceedings of the Conference. In all 110 bankers, financial professionals, academicians and students participated in the event. AFLC is thankful to Shri S Choudhury, Shri Swapna Sarit Mohanty for the sustained efforts for the success of the Program.

 

INVESTOR EDUCATION AWARENESS PROGRAM ON 8 DECEMBER 2018

AFLC, in collaboration with Nirmal Bang , HDFC Mutual Fund organized an Investor Awareness and Education Program in Hotel Empire, Sahid Nagar, Bhubaneswar on 8 December 2018. Shri Jagbir Singh, CA, CFP – an expert on capital market made a presentation on “Goal Based Financial Planning through MF”. Dr Anil Swain, Professor, PG Department of Commerce, Utkal University gave an overall assessment of current capital market scenario. The sessions were lively and the participants appreciated. In all, 45 persons- a mix of old and young – participated.
At the outset Shri Pravat Kumar Mohanty, Kotak Securities welcomed the audience and introduced the speakers. Shri D Mishra, Managing Partner, AFLC proposed a vote of thanks.
Shri Swapna Sarit Mohanty, Nirmal Bang, Bhubaneswar unit coordinated the event.