Demystifying Finance for Non-Finance
Finance can often seem like a daunting field for those not directly involved in it. However, it’s essential for everyone, especially students, to grasp the basics. Mr. Nitin Jadhav, an Oracle Financial Functional Consultant at Cummins India Ltd. with over a decade of experience in the finance industry, sheds light on essential financial concepts that every professional should grasp. Attendees were warmly welcomed by Rohan Patil from the Guest Lecture Committee as they prepared for an insightful lecture by Mr. Nitin Jadhav.
Mr. Jadhav began the session by explaining the fundamental finance concepts like demand and supply, depreciation, and inflation. He illustrated how these forces interact with each other, using real-world examples that resonated with the students. According to Mr. Jadhav, financial planning is the cornerstone of financial well-being. It involves setting long-term goals, budgeting, and managing expenses to ensure financial stability and growth. He also broke down the Cost to Company (CTC) and Income Tax (IT) returns for easy understanding by students. Mr. Nitin Jadhav also highlighted the importance of financial institutions and regulators’ roles in the economy.
The session concluded on a high note with an engaging Q&A session. Students enthusiastically asked questions, and Mr. Nitin Jadhav’s approachable manner and insightful answers made the session both educational and enjoyable. His insights make finance accessible to students from non-finance backgrounds. His expertise underscores the importance of financial literacy in navigating today’s complex economic landscape.
As the session drew to a close, Swet Parekh, a representative from the Guest Lecture committee, provided a thoughtful closing perspective. He highlighted the key takeaways from the session and expressed gratitude for Mr. Jadhav’s time and insights. Following this, Dr. S. Vijayakumar Bharathi extended heartfelt thanks and felicitated Mr. Jadhav, acknowledging his valuable contribution to the students’ understanding of finance. By understanding these fundamental concepts, students can make informed decisions, ensuring their financial well-being and contributing to their overall success.
