Prof Harsh Purohit and Raveena Goel Banasthali Bag Awards at Youth Money Olympiad 2019

While Digital Literacy has been stealing the thunder all over, lately Financial Literacy has started grabbing attention at all levels of the society.

Digital literacy is the ability to use information and communication technologies to find, evaluate, create, and communicate information, requiring both cognitive and technical skills. Financial literacy is the education and understanding of knowing how money is made, spent, and saved, as well as the skills and ability to use financial resources to make decisions which include how to generate, invest, spend, and save money.

The Youth Money Olympiad (YMO) is India’s largest personal finance initiative aimed at college students. The YMO is conceptualized and executed by Money-Wizards, a senior IIM alumni venture headquartered in Singapore with operations in India. The YMO is conducted in 2 stages. The first stage is the college/university round. This round is conducted from June to April across the nation’s campuses. The top 5% of test takers from each college are invited to take part in the national level finals conducted in the month of May every year. Just like the IPL, the YMO has been a platform for the raw unsung talent (in the field of personal finance) in the country, often found in not so obvious cities and town.

The YMO is administered as a MCQ - Multiple-Choice Question assessment that tests the personal finance basics of the test taker. The YMO is completely online and can be taken across a variety of devices like a laptop or a mobile phone, anytime, anywhere at the test taker’s convenience.

With over 30,000 students participating from 400 plus colleges across the country, the YMO is the largest personal finance Olympiad for college students in the world. Having entered the 6th edition, the YMO has indeed grown from strength to strength over the last several years. Money-Wizards organized an award function to felicitate the winners of YMO 2019 at Crowne Plaza, Chennai on 14-June-2019.

Prof Harsh Purohit from Banasthali bagged the ‘Financial Literacy Thought’ leader award, while Raveena Goel from the same university won the ‘Campus Entrepreneur’ of the year award. Gaurav Arora from SRCC New Delhi, AnirudhTumuluri from IIM Udaipur and and Kuldeep Singla from IIM Rohtak secured the first, second and third prizes respectively.

At Banasthali, Prof Harsh Purohit who is also Chair: ICICI Bank Chair for BFSI has won countless number of awards and is presently the Dean of WISDOM Women’s Institute for Studies in Development Oriented Management. It is worth mentioning here that Prof Harsh Purohit has also been the recipient of Financial Literacy Award for 3 years in a row from Principal Mutual Funds, Mumbai.

Raveena Goel who is a final year BTech Computer Science student took up the challenge of spearheading YMO among 16000 students spread across the Banasthali campus of 850 acres. Ravenna takes immense pride for choosing Banasthali for her education as it is world’s largest fully residential women’s university with a heritage and legacy spanning eight decades with a network of awe inspiring alumni.

Dignitaries who graced the YMO 2019 awards function included Prof. Thillai Rajan, IIT Madra, Shyam Shekhar, founder of AIDAT, Shankar Velunathan, founder of Thaumaturgy Capital and V.Venkatesh, co-founder of Money wizards. The event had extensive media coverage which included The Hindu Business Line, Times of India, Deccan Chronicle, Andhra Jyothi, Rajasthan Patrika, Namma Madras, Arasumalar, Vikatan and Trinity Mirror.

For more details about Banasthali see http://www.banasthali.org/

Banasthali Vidyapith
Banasthali Rajasthan – 304022
Phone 91 1438 228456 / 228341
Email: info@banasthali.ac.in
Website: http://www.banasthali.org
Facebook: www.facebook.com/Banasthali.org

About Banasthali: Established in 1935, the Institution which is also the largest fully residential women’s university in the world has played a big role in revolutionizing women’s education and empowerment in India for the last eight decades. Banasthali has scripted numerous success stories in a wide range of fields, and stands tall among the citadels of learning in India today. Proud to be Banasthali alumni who call themselves as Banasthalites can be found in all latitudes, longitudes and altitudes in all walks of life across the globe. Banasthali has the pride of being chosen as a Faculty Development Centre under the MHRD Govt of India Pandit Madan Mohan Malaviya National Mission on Teachers and Teaching (PMMMNMTT) as well as for hosting Atal Incubation Centre (AIC) by NITI Aayog Apart from various National Rankings which include India Today #2, FICCI University of the year 2015, NAAC A grade, MHRD NIRF 29, in recent past, Banasthali has been in national and international media attention for getting Quacquarelli Symonds QS Asia University Ranking, QS BRICS Ranking, Diamond status under QS i-Gauge Indian University Rating and the overall Four Star Ranking in - QS Stars Rated for Excellence with 5 Stars for each for Teaching, Employability, Facilities, Arts & Culture and Inclusiveness.

This release was published on openPR.