BSE & UN Women India launches a new programme, ‘FinEMPOWER’, at Bombay Stock Exchange
The Bombay Stock Exchange (BSE) and UN Women India have launched a new program called “FinEMPOWER” aimed at promoting gender equality and empowering women in the financial sector. This initiative will help women to gain knowledge and skills in finance and investment, and will also provide them with access to finance.
Why this News is important
Empowering Women in the Financial Sector
Empowering women in the financial sector is essential for the economic growth of any country. Financial empowerment helps women to gain economic independence, which in turn increases their bargaining power in society. It also enables women to participate fully in economic activities, which leads to economic growth and development.
Promoting Gender Equality
Promoting gender equality is an important aspect of sustainable development. Gender equality not only promotes social justice but also leads to economic growth and development. Gender equality in the financial sector ensures that women have equal access to financial resources, which helps them to start and grow businesses and invest in their future.
Historical context
Despite progress in gender equality, women are still underrepresented in the financial sector, particularly in leadership positions. According to the World Economic Forum, women account for only 22% of board members in financial services globally. In India, women are underrepresented in the formal financial sector, with only 26% of women having an account with a formal financial institution.
Key Takeaways from “BSE & UN Women India launches a new programme, ‘FinEMPOWER’, at Bombay Stock Exchange”
| Serial Number | Key Takeaway |
|---|---|
| 1. | The Bombay Stock Exchange and UN Women India have launched a new program called “FinEMPOWER” aimed at promoting gender equality and empowering women in the financial sector. |
| 2. | The initiative will help women to gain knowledge and skills in finance and investment, and will also provide them with access to finance. |
| 3. | Empowering women in the financial sector is essential for the economic growth of any country. |
| 4. | Despite progress in gender equality, women are still underrepresented in the financial sector, particularly in leadership positions. |
| 5. | Promoting gender equality not only promotes social justice but also leads to economic growth and development. |
Conclusion
In conclusion, the launch of the “FinEMPOWER” program by the Bombay Stock Exchange and UN Women India is a significant step towards promoting gender equality and empowering women in the financial sector. This initiative will help women to gain access to finance, acquire knowledge and skills in finance and investment, and increase their participation in economic activities, which will ultimately contribute to the economic growth and development of the country.
Important FAQs for Students from this News
Q. What is the “FinEMPOWER” program?
A. The “FinEMPOWER” program is a new initiative launched by the Bombay Stock Exchange and UN Women India aimed at promoting gender equality and empowering women in the financial sector. It provides women with access to finance and helps them to gain knowledge and skills in finance and investment.
Q. Why is empowering women in the financial sector important?
A. Empowering women in the financial sector is important for the economic growth and development of any country. Financial empowerment helps women to gain economic independence, which in turn increases their bargaining power in society. It also enables women to participate fully in economic activities, which leads to economic growth and development.
Q. How does promoting gender equality lead to economic growth and development?
A. Promoting gender equality not only promotes social justice but also leads to economic growth and development. Gender equality in the financial sector ensures that women have equal access to financial resources, which helps them to start and grow businesses and invest in their future.
Q. Why are women underrepresented in the financial sector?
A. Despite progress in gender equality, women are still underrepresented in the financial sector, particularly in leadership positions. According to the World Economic Forum, women account for only 22% of board members in financial services globally. In India, women are underrepresented in the formal financial sector, with only 26% of women having an account with a formal financial institution.
Q. How will the “FinEMPOWER” program benefit women in the financial sector?
A. The “FinEMPOWER” program will benefit women in the financial sector by providing them with access to finance, knowledge, and skills in finance and investment. This will help them to gain economic independence, participate fully in economic activities, and contribute to the economic growth and development of the country.
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