CURRENT AFFAIRS

Detailed explanation-1: -This year, the theme of World Thrift Day is “Saving prepares you for the future”, closely linked with last year’s theme that focused on the importance of savings.

Detailed explanation-2: -Today, World Thrift Day has taken on a more significant role with commercial participation across the globe. The theme for World Thrift Day 2021 was ‘Understanding the importance of savings’.

Detailed explanation-3: -World Thrift Day is celebrated every year on 31st October worldwide to promote savings and financial security of individual and nation as a whole. World thrift day was established to inform people all around the world about the idea of saving their money in a bank rather than keeping it under their mattress or at home.

Detailed explanation-4: -On October 31st, World Savings Day increases public awareness of the importance of saving money. It’s also a day to recognize the impact that savings have on the global economy. The day is sometimes referred to as World Thrift Day.

Detailed explanation-5: -On this day, people partake in various activities, such as thrifting, reusing items, and putting their savings safely into the bank.