CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is Srinagar. India Post Payments Bank (IPPB) conducted India’s First Floating Financial Literacy Camp with an initiative called ‘Niveshak Didi’ to promote Financial Literacy ‘By the women, for the women’, in Srinagar, J&K.

Detailed explanation-2: -The Prime Minister, Shri Narendra Modi has appreciated IPPB for conducting India’s First Floating Financial Literacy Camp in Dal Lake of Srinagar, Jammu & Kashmir under Niveshak Didi.

Detailed explanation-3: -The session covered topics ranging from banking and financial products, importance of joining the mainstream financial services offered by regulated entities & protection against various types of risks involved with investments and measures of fraud prevention.

Detailed explanation-4: -The Reserve Bank of India (RBI) has been conducting this every year since 2016 to propagate financial education messages on a particular theme among members of public across the country.

Detailed explanation-5: -Its 100 percent ownership is with the Government of India. Hon’ble Prime Minister shri Narendra Modi launched IPPB on 1st September, 2018. The network of the postal department is very large and its reach extends to all corners of the country.