• Home
  • Daily Updates
  • Academics
  • Ed-Leaders’ Corner
  • Jobs
  • Events
  • Blog
  • Magazine
    • Subscribe
    • Archive Edition
    • Subscription Form
  • Institutions
    • Engineering
    • Medical
    • Management
    • Finance and Accounts
    • Law
    • Humanities
    • Commerce
    • Science
    • Odd Vocation
    • Media and Journalism
    • Design
    • Hotel Management
    • Competition
    • Study Abroad
Wednesday, February 16, 2022
Higher Education Plus
Advertisement Banner
  • Home
  • Daily Updates
    • All
    • Agriculture
    • Banking & Finance
    • Economy
    • Education Sector
    • Entrepreneurs
    • Expert Speaks
    • Healthcare
    • Infrastructure
    • News
    • Policies
    • Startups
    • Technology
    Need for self-dependent students in self-reliant India

    Need for self-dependent students in self-reliant India

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Childhood cancer and treatment

    Childhood cancer and treatment

    New Globalization Redefines MBA

    New Globalization Redefines MBA

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

  • Academics
    • All
    • Admission
    • Exams
    • Internship
    • Results
    • Scholarship
    • Study Abroad
    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

  • Ed-Leaders’ Corner
    • All
    • Higher Education
    • K12
    Need for self-dependent students in self-reliant India

    Need for self-dependent students in self-reliant India

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    New Globalization Redefines MBA

    New Globalization Redefines MBA

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

  • Jobs
    • All
    • Career Advice
    • Get a Job
    • Recruit
    OMOTEC to conduct 10-day Robotics Workshop for students

    OMOTEC to conduct 10-day Robotics Workshop for students

    Dr Mukesh Kwatr

    Development can go hand with forestation: Dr.Mukesh Kwatra

    How to make your future bright in Naturopathy: Dr N K Sharma

    How to make your future bright in Naturopathy: Dr N K Sharma

    Dr Sunita Gandhi

    Help teachers overcome the fear of tech: Dr. S Gandhi

    Blended learning is an important pedagogy for B-Schools

    Blended learning is an important pedagogy for B-Schools

    Understanding the objective of fellowship is important

    Understanding the objective of fellowship is important

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

    Dr Malini Saba

    The Good, Bad, and Ugly for Education Sector From Budget 2021

  • Events
    • All
    • Events
    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    UAE leads winners at GESS Education Awards

    UAE leads winners at GESS Education Awards

    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

    The next important event is the citywide teachers’ council!

    TiE Delhi-NCR partners with Brainfeed

    TiE Delhi-NCR partners with Brainfeed to host ‘India Education Entrepreneurship Day’

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    media-partner for LPU’s ‘Volatile Consumer Behavior & Marketing’ Conference

    Brainfeed Higher Education Plus: media-partner for LPU’s ‘Volatile Consumer Behavior & Marketing’ Conference

    Centre for Continuing Education inaugurated at NIT, Jalandhar

    Centre for Continuing Education inaugurated at NIT, Jalandhar

  • Blog
  • Magazine
    • Subscribe
    • Archive Edition
    • Subscription Form
  • Institutions
    • Engineering
    • Medical
    • Management
    • Finance and Accounts
    • Law
    • Humanities
    • Commerce
    • Science
    • Odd Vocation
    • Media and Journalism
    • Design
    • Hotel Management
    • Competition
    • Study Abroad
No Result
View All Result
  • Home
  • Daily Updates
    • All
    • Agriculture
    • Banking & Finance
    • Economy
    • Education Sector
    • Entrepreneurs
    • Expert Speaks
    • Healthcare
    • Infrastructure
    • News
    • Policies
    • Startups
    • Technology
    Need for self-dependent students in self-reliant India

    Need for self-dependent students in self-reliant India

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Childhood cancer and treatment

    Childhood cancer and treatment

    New Globalization Redefines MBA

    New Globalization Redefines MBA

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

  • Academics
    • All
    • Admission
    • Exams
    • Internship
    • Results
    • Scholarship
    • Study Abroad
    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Delhi University seeks response on its newly designed Undergraduate Curriculum Framework 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

  • Ed-Leaders’ Corner
    • All
    • Higher Education
    • K12
    Need for self-dependent students in self-reliant India

    Need for self-dependent students in self-reliant India

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    New Globalization Redefines MBA

    New Globalization Redefines MBA

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

    Updates regarding NEET UG Counselling 2021

    Updates regarding NEET UG Counselling 2021

    Online learning a boon for the CAT 2021 topper

    Online learning a boon for the CAT 2021 topper

    National Board of Examinations announced changes in NEET MDS 2022 exam

    National Board of Examinations announced changes in NEET MDS 2022 exam

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

    Scholarships for Higher Education Plus

  • Jobs
    • All
    • Career Advice
    • Get a Job
    • Recruit
    OMOTEC to conduct 10-day Robotics Workshop for students

    OMOTEC to conduct 10-day Robotics Workshop for students

    Dr Mukesh Kwatr

    Development can go hand with forestation: Dr.Mukesh Kwatra

    How to make your future bright in Naturopathy: Dr N K Sharma

    How to make your future bright in Naturopathy: Dr N K Sharma

    Dr Sunita Gandhi

    Help teachers overcome the fear of tech: Dr. S Gandhi

    Blended learning is an important pedagogy for B-Schools

    Blended learning is an important pedagogy for B-Schools

    Understanding the objective of fellowship is important

    Understanding the objective of fellowship is important

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    OMOTEC’s four young geniuses win laurels at IRIS National Fair

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

    Tremendous potential to uplift India’s schooling systems: Lina Ashar

    Dr Malini Saba

    The Good, Bad, and Ugly for Education Sector From Budget 2021

  • Events
    • All
    • Events
    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    Venkaiah Naidu: New education policy in accordance with Mahatma Gandhi’s ethos

    UAE leads winners at GESS Education Awards

    UAE leads winners at GESS Education Awards

    bml munjal

    BML Munjal University in Partnership with Indian Academy of Management hosts workshop to encourage management research

    The next important event is the citywide teachers’ council!

    The next important event is the citywide teachers’ council!

    TiE Delhi-NCR partners with Brainfeed

    TiE Delhi-NCR partners with Brainfeed to host ‘India Education Entrepreneurship Day’

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    40 college societies and students get a chance to showcase their talent with realme’s Campus Stars Programs

    media-partner for LPU’s ‘Volatile Consumer Behavior & Marketing’ Conference

    Brainfeed Higher Education Plus: media-partner for LPU’s ‘Volatile Consumer Behavior & Marketing’ Conference

    Centre for Continuing Education inaugurated at NIT, Jalandhar

    Centre for Continuing Education inaugurated at NIT, Jalandhar

  • Blog
  • Magazine
    • Subscribe
    • Archive Edition
    • Subscription Form
  • Institutions
    • Engineering
    • Medical
    • Management
    • Finance and Accounts
    • Law
    • Humanities
    • Commerce
    • Science
    • Odd Vocation
    • Media and Journalism
    • Design
    • Hotel Management
    • Competition
    • Study Abroad
No Result
View All Result
No Result
View All Result

Need for self-dependent students in self-reliant India

Need for self-dependent students in self-reliant India

When PM Narendra Modi unveiled his dreams about Atma nirbhar Bharat (Self-reliant India) on 12 May 2020, his intention would definitely be to make the country and its people self-reliant in all the socio-economic aspects. And, it is the financial independence that constitutes the base for all other independence. In all the developed countries of the Americas, Europe, and even Asia, adult students do some part-time work to meet their personal and educational expenses. Unfortunately, students remain dependent on their parents until they complete and find a suitable job. In a country, where around 4 crore students are financially dependent on others, self-reliance is a distant dream.

Significance of financial independence

Self-reliant India is impossible if youth, especially students above 18 years of age remain dependent on parents or banks, which is not a sign of a prosperous society. Besides, it is often observed that financially dependent youth easily fall prey to social insecurity and low self-esteem. Whenever they fail to meet any financial exigency they blame luck or follow an illegitimate path of earning money. On the other hand, students self-sufficient in bearing their expenses have a better confidence level and they successfully achieve their academic as well as personal goals.

During the inaugural address at the India Education Summit (IES) 2021, then Minister of Education, Ramesh PokhriyalNishank, said, “By connecting students with the internships, vocational training as a student reaches class 6, we will imbibe atmanirbharta (self-reliance) in a student. By the time these students will complete school education, they will be warriors who can take on any task.” However, this ambitious statement doesn’t clarify potential avenues of earning for students. Besides, the focus should be more on college and university students, school-going kids are already laden with academic pressure and board exams.

Stock market, a potential source of income

Through investment and trading in stock markets, students can enjoy financial freedom and curtail the burden on parents. Stock market can be a promising source of income for millions of students and unemployed youth in India. When the traditional job market is struggling to create new opportunities, stock markets are creating easy income avenues for a large section of society. Hence, students must understand that stock trading and investment are easy options to make money and share financial responsibilities with parents.

Power of Compounding

Experts often claim that if you want to see the magic of the eighth wonder of the world “The power of compounding” then you should start it as early as possible. They believe that the size of the investment is not the only factor in the creation of your wealth but the consistency and the time you give to your money pay off with surprise returns. That’s why investors create wealth in the longer term, not in a day or week.

The power of compounding can be better understood with the below example.

Jackson started investing at the age of 20 years and contributed just Rs 24000 per annum whereas Tyson started investing at the age of 40 and contributed five times the amount contributed by Jackson which is Rs 120000 per annum at the same rate of interest for their retirement goals at the age of 65 years. Now, who would you think has a better ROI?

Let us analyse:

  Jackson Tyson
Amount Invested 24000*45 = 10,80,000 120000*25 = 30,00,000
Time Frame 45 Years 25 Years
Rate 8%(p.a.) 8%(p.a.)
Amount Accumulated ₹92,76,134.82 ₹87,72,712.79

So, one can clearly see how the magic of compounding works. By investing just Rs 2000 per month with discipline can garner these results, then one should think of a situation where the investor does the same thing consistently in equities or ETFs.But, beware of blindfolding chess. Proper research should always be undertaken before investing in stocks, one should take care of the following things.

  1. Invest in Blue-Chip stocks, the reliable companies present in the stock market for a long time.
  2. Never invest in one single company or sector, and always diversify your portfolio with conservative as well as innovative sectors.
  3. Try to invest more funds in large-cap (50% of funds) and remaining in mid-cap (30%) and small-cap (20%) companies.
  4. Always have some buffer money ready with you to accumulate more equities in scenarios of corrections (crashes) of more than 25 %.
  5. Start learning Technical and Fundamental Analysis today to be an intelligent investor tomorrow.

The coda

Investment or trading in the stock market doesn’t require 8-10 hours of dedicated job. Investing 30 minutes to one hour daily in stocks, students can earn enough to meet their academic and other day-to-day expenses. This way, they can make themselves a responsible and self-dependent citizen of the self-reliant country.

Related Posts

SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey
Achievement

SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

by HEP Online Bureau
February 16, 2022
0

SP Jain School of Global Management, a Forbes #12 ranked business school, has outperformed every university in Australia in the...

Read more
Childhood cancer and treatment

Childhood cancer and treatment

February 11, 2022
New Globalization Redefines MBA

New Globalization Redefines MBA

February 11, 2022
Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

Pandemic effect: UPSC Preparation in Flux IAS Gurukul announces new tech feature upgrade on App for UPSC Aspirants in 2022

February 9, 2022
Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

Adil Meraj, Founder and CEO of Gurucool shares Education trends we can foresee in 2022

February 1, 2022
Load More

TRENDING THIS WEEK

Boys and Machines notices rising luxury pre-owned car demand from Tier-II and Tier-III cities

Boys and Machines notices rising luxury pre-owned car demand from Tier-II and Tier-III cities

February 16, 2022
Need for self-dependent students in self-reliant India

Need for self-dependent students in self-reliant India

February 16, 2022
iSchoolConnect Technologies to host India’s biggest Study Abroad Fest

iSchoolConnect Technologies to host India’s biggest Study Abroad Fest

February 16, 2022
SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

SP Jain Global receives slew of high rankings in the Australian Quality Indicators for Learning and Technology (QILT) 2021 Graduate Outcomes Survey

February 16, 2022
RERF (Brahmakumari’s) MOU with SRM University AP

RERF (Brahmakumari’s) MOU with SRM University AP

February 16, 2022
Sanskriti University organized Ayurvedic Seminar

Sanskriti University organized Ayurvedic Seminar

February 15, 2022

FOLLOW US

Highereducationplus

Contact Info

Plot No: 47, Rd Number 4A, adjacent to Bose Edifice, Golden Tulip Estate, Raghavendra Colony, Hyderabad, Telangana 500084
Email: info@highereducationplus.com

Quick Links

  • About
  • Brainfeed Group of Magazines
  • Advertise
  • Privacy Policy
  • Contact
  • About
  • Brainfeed Group of Magazines
  • Advertise
  • Privacy Policy
  • Contact

© 2021 Higher Education Plus. All rights reserved.

No Result
View All Result
  • Home
  • Daily Updates
  • Academics
  • Ed-Leaders’ Corner
  • Jobs
  • Events
  • Blog
  • Magazine
    • Subscribe
    • Archive Edition
    • Subscription Form
  • Institutions
    • Engineering
    • Medical
    • Management
    • Finance and Accounts
    • Law
    • Humanities
    • Commerce
    • Science
    • Odd Vocation
    • Media and Journalism
    • Design
    • Hotel Management
    • Competition
    • Study Abroad

© 2021 Higher Education Plus. All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In