Relevance of Financial Literacy for the Growth of National Economy and Elimination of Frauds

Authors

  • Parimal Kumar Sen (WBES) Goenka College of Commerce & Business Administration, Kolkata
  • Debojyoti Das IIM Raipur
  • Priyanka Sharma Swami Vivekananda Institute of Management & Computer Sciences, Kolkata

DOI:

https://doi.org/10.33516/maj.v49i6.41-44p

Abstract

Financial literacy is all about the elementary knowledge and understanding of basic economic concepts and business Terminologies to become well-equipped to take various financial decisions for achieving the objective of capital appreciation. The saradha scam led to social havoc, ruining the lives of the rural poor. The hard-earned savings of victims eroded away causing severe financial constraints.

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Published

2014-06-01

How to Cite

Sen, P. K., Das, D., & Sharma, P. (2014). Relevance of Financial Literacy for the Growth of National Economy and Elimination of Frauds. The Management Accountant Journal, 49(6), 41–44. https://doi.org/10.33516/maj.v49i6.41-44p

Issue

Volume 49, Issue 6, June 2014

Section

Cover Story
Crossref
Scopus
Google Scholar
Europe PMC

References

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http://en.wikipedia.org/wiki/ Saradha_Group_financial_scandal