The Nagaland Board of School Education (NBSE) in collaboration with the National Stock Exchange of India Limited (NSE) is imparting Financial Management course to higher secondary level students in commerce stream from the academic session 2014.
According to a DIPR report, 1 paper i.e. Financial Markets in Class XI and Capital Markets in Class XII, as an elective subject is being introduced for both Commerce and Arts streams from the academic session 2018.
The course of Foundation in Financial Management (FFM) has been designed by NSE Academy to familiarize students about the basics of Financial markets, Financial statements, working of mutual funds and capital markets, it said.
According to the report, 7 higher secondary schools in the state have opted this course in Class XI from academic session 2018. These schools are
1. Fernwood School, Kohima 2. Model Hr. Sec. School, Kohima 3. Northfield, Khikha 4. Straightway Hr. Sec. School, Mokokchung 5. Pranab Vidyapith Hr. Sec. School, Dimapur 6. Govt. Hr. Sec. School, Tizit 7. Woodland Hr. Sec. School, Zunheboto
The report added that the NSE Academy conducts training of the teachers, who then teach the course to the students of Class XI and XII.
For the 2018 academic session, a two-day training for Class XI teachers from the above schools was held on June 25 and 26 at NBSE’s office with Arindam Bhakshi from NSE as the Resource Person, it said.
During the training, the teachers will be briefed on how to transact the FFM curricula in the right perspective and it will also focus on markets and financial instruments, types of Financial Markets, Financial Statements, Mutual Funds, Exchange Traded Funds (ETFs) etc, it added.
The teachers will also be enlightened on the working of the Stock Exchange through a mock trading.
Till date 237 students from 5 schools have enrolled for this course in 2018 academic session.
Asano Sekhose, Chairman, NBSE said that the Board has taken the initiative so that the students learn about finance and practical aspects of savings and investments at an early age. She also hoped that more schools and students will come forward in this initiative of empowering the students with responsible financial behavior, the report added.
(MExN)
