Union Minister of Finance Mr. P. Chidambaram has praised the efforts of the country’s fastest growing consumer and business channel, CNBC Awaaz, for its investor education series ‘Pehla Kadam’.
After the hugely successful opening round of India’s first organized investor education initiative, CNBC Awaaz is all set to roll out the second part of its Pehla Kadam series. Partnered by NDSL and NSE and sponsored by Reliance Money, Pehla Kadam series aims to answer to all new investor queries. While the first installment of this series dealt with market fundamentals, Pehla Kadam this time around will essentially focus on the next level of understanding of investment vitalities and volatilities.
Lauding the series as a right step in the right direction at the right time, Mr. Chidambaram has said, “”In metros, tier 1 and tier 2 towns, there is a great deal of interest in the capital market and investment opportunities. What I have gathered is your programme Pehla Kadam had profound impact on that class of people. I wish you more success. I wish you will expand your reach to other parts of the country”.
With the Indian economy looking brighter than ever before and Indian stock markets witnessing an unprecedented tug of war between the bulls and the bears, it becomes imperative for new investors to learn the intricacies of the market place. Mr. Vivek Law, Network 18’s leading anchor and CNBC Awaaz – Consumer Affairs Editor, explained that Pehla Kadam aimed to enable investors to make intelligent and informed decisions and eventually maximize returns and minimize risks on their investments.
“In its first series, Pehla Kadam, brought the equity markets closer to people who had stayed away from it. These people had deprived themselves of an opportunity to participate in the great India growth story. Due to the simple classroom approach Pehla Kadam followed, its viewership was higher than even the biggest general Hindi news channel show. In its second series, Pehla Kadam goes beyond equities, and explains to our viewers everything they wanted to know but could not ask, about money. From need of financial planning, to investing in mutual funds, ULIPs, gold and even property,” Mr. Law said.