Ecognizance

India is a vast country both in terms of natural resources and human resources. To make it a world power, the first step should be to strengthen the citizens in terms of knowledge and their ability to earn. As a country, we pay a huge price for the inequalities that are still consistent in our society based on gender, religion, caste, and creed. I would like to address the issue of the costs, India as a country pays for the gender inequality present. According to the World Economic Forum, India ranks 108 in Global Gender Gap index slipping down by 21 positions in 2017. Its rating is 10 notches down than in 2006 when the WEF first started calculating this index. Women are generally considered the weaker sex. There are both evident and hidden indicators of this inequality against women. Their low social status in quite evident in the rural parts of the country but it persists even in the urban area. The equality is just not our birthright but it also has some economic and political co

Financial literacy, in lay man language refers to the ability to understand largely how money works. But specifically, it requires the competence to properly make decisions relating to matters of personal finance, particularly, areas like investing, real estate, insurance, taxation, saving and retirement. This doesn’t mean one is required to comprehend the various instruments and modes of the investments.  Financial literacy is very critical for developing countries like India where the majority find financial literacy beyond comprehension. A survey conducted by Standard & Poor’s Financial Services LLC (S&P) found out that 3/4th of the Indian adult population was incapable of properly understanding the basic financial concepts. This becomes more problematic when governmental policies are focusing on financial inclusion among the masses. As per this survey, India’s position in financial literacy is poor as compared to rest of the world and further, this can be a hindrance in In