RBI for subject on financial management in schools

The Reserve Bank of India has proposed to the HRD ministry to ask the school boards to introduce a subject on financial management in the curriculum to enhance the students' knowledge in the field.

The subject would deal with all aspects of finance and give fundamental ideas on it so that students take interest in the subject and pursue higher studies in the field.

However, the ministry is yet to take a final decision on the proposal, a senior ministry official told PTI.

The HRD ministry has sought the view of National Council of Educational Research and Training which has not favoured the idea.

The NCERT, which publishes textbooks and prepares broad curriculum for school students, has said that subjects like commerce and economics are already covering aspects of financial management. There is no need to start a separate subject, the NCERT has said.

The NCERT has brought out a series of new textbooks in the last three years.

The RBI had sent the proposal to MHRD through finance ministry, the official said.