RBI has come out with a booklet on the subject
The 40-page booklet was released by RBI Governor D. Subbarao
It also provides basic introduction to the role
of the RBI in our daily lives
BANGALORE: After introducing yoga in schools, it’s finance that will do the rounds in classrooms now, as the State Government is all set to introduce finance education as a part of the school curriculum from the next academic year (2010-11).
Under the financial education initiative, the Reserve Bank of India (RBI) has come out with a booklet titled Learn Like A Tortoise & Earn Like A Honeybee for class V, VII and IX students of government and aided schools in the State.
The booklet contains three chapters — “A River full of Money”, “Your Own Treasure Island”, and “Heads and Tails”, for the three different classes.
The RBI, which is celebrating its platinum jubilee in 2009-10, is keen on introducing financial education to primary and high school students.
RBI Governor D. Subbarao, who released the 40-page booklet at a function in Doddaballavangala, a hamlet 70 km from Bangalore, on Tuesday, said, “A River full of Money” would provide basic introduction of money and savings.
“Your Own Treasure Island” explains about the working of banks, and the third chapter “Heads and Tails” aims to help children in smart handling of money by taking intelligent decisions on their own.
It also provides basic introduction to the role of the RBI in our daily lives.
Storytelling and pictorial methods in Kannada and English have been used for easy understanding in subjects as barter system, money, goods and services, bank and its functions, savings bank account, current account, term deposits/fixed deposits, functions of RBI, cheques and debit cards.
The simple language used for explanations make the book handy for students, while cartoons highlight the descriptions.
Higher-level topics such as inflation, opportunity cost, interest, difference between simple and compound interest, stocks and bonds, and smart money manager are covered for class IX students. Price stability, price rice, economic growth and financial stability have also been dealt lucidly.
The Governor handed over the first copies of the booklet to Chief Secretary Sudhakar Rao, Finance Secretary M.R. Srinivasmurthy and Commissioner of Department of Public Instruction Harish Gowda.