The training session also aims to help winners manage stress.<\/p>\n\n\n\n\n\n\n\n
India.- The Kerala State Lotteries department <\/strong>is holding a training programme to educate lottery winners about how to make wise investments and manage the stress that comes with their newfound wealth. Today’s one-day session (April 12), covered topics such as financial management, taxation laws and safe investment options. <\/p>\n\n\n\n The course module was prepared by the Gulati Institute of Finance and Taxation (GIFT), Thiruvananthapuram. The Lotteries department has invited all the first prize winners from the 2022 Onam Bumper Lottery onwards to the training session. <\/p>\n\n\n\n Abraham Renn<\/strong>, director of State Lotteries, said: “We will look at the response and see whether we can increase the frequency of the sessions.” <\/p>\n\n\n\n The state government felt the programme was necessary because many winners were unaware of how to invest large sums. There is also a lack of awareness of taxation<\/strong>, especially regarding cesses and surcharges, which had led to complaints from the winners.<\/p>\n\n\n\n The government also considered stress management to be important. It cited the example of a player who won the \u20b925-crore Thiruvonam Bumper in 2022 and was inundated by people seeking financial assistance. Finance minister K. N. Balagopal<\/strong> will inaugurate the training session at the Mascot Hotel.<\/p>\n","protected":false},"excerpt":{"rendered":" The training session also aims to help winners manage stress.<\/p>\n","protected":false},"author":176,"featured_media":13730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Kerala State Lotteries department has launched a training program for lottery winners, focusing on financial management, taxation laws, investment options, and stress management. Developed in collaboration with the Gulati Institute of Finance and Taxation, this initiative addresses a perceived lack of financial literacy and awareness of tax implications among recipients of large winnings. The program aims to enhance winner welfare and may see increased frequency based on initial response.","focusai_entities":"Kerala State Lotteries department, Gulati Institute of Finance and Taxation (GIFT), Abraham Renn, K. N. Balagopal","focusai_location":"India, Kerala, Thiruvananthapuram","focusai_target_profile":"ceo_executive (0.7), regulator (0.9), compliance_legal (0.8), gambler_consumer (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Program Efficacy?","query":"What metrics will the Kerala State Lotteries department employ to assess the long-term efficacy and return on investment of this financial literacy and stress management program for lottery winners?"},{"label":"Regulatory Precedent?","query":"Does this initiative by the Kerala State Lotteries department establish a new precedent for regulatory bodies in other jurisdictions regarding post-payout winner support and financial education?"}],"footnotes":""},"categories":[157,16334],"tags":[3573],"class_list":["post-777004239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-asia-news","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777004239"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004239\/revisions"}],"predecessor-version":[{"id":777004253,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004239\/revisions\/777004253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13730"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}