December 24, 2024 05:27 am (IST)
NSE conducts 459 investor awareness programmes in East and North-East India
Mumbai, Dec 30 (IBNS): In its endeavor to spread financial literacy and to ensure financial inclusion in the eastern and north-eastern region, Indian stock exchange, National Stock Exchange (NSE), has taken a huge step forward. The number of awareness programmes has seen a substantial jump in this calendar year. From 211 in 2014, the number has more than doubled to 459 in 2015.
These programmes were conducted in major states like West Bengal, Odhisa, Jharkand & Bihar, northeastern states such as Arunachal Pradesh, Assam, Meghalaya, Nagaland, Tripura, Sikkim and the island UT of Andaman and Nicobar.The maximum number of programmes were conducted in Jharkhand (142), then followed by Odhisa (120) and West Bengal (109).
Distant districts of Assam (Barpeta, Bongaigaon, Kokrajhar), Tripura (Gomati, Khowai, Sepaijila) and interior districts of Meghalaya, Nagaland, Arunachal Pradesh, Sikkim, Andaman & Nicobar, among others, were covered by NSE officials for spreading financial literacy amongst masses.
Ravi Varanasi, Chief-Business Development, National Stock Exchange, said, "We have constantly reached out beyond metro cities, with an aim to bring more people into the formal financial system. Growth in the financial sector will throw up multi-dimensional opportunities in the coming years. Our attempts will also ensure faster financial inclusions.’’
Officials of Securities Exchange Board of India addressed the gathering in several programs. Some of these programs were also addressed by the authorities from local administrations, local self-help organizations, among others.
During these programmes, investors were advised on the steps they should take, to ensure that their interests are protected. They were given guidance on how to trade cautiously, not to get misled by market rumors and invest according to a wise investment plan. Investors were also educated on the precautions they should take before, during and after trading.
These included a discussion on checking contract notes issued by brokers to investors, to verify whether only authorized trades have been executed by a SEBI registered broker. Investors were also given advice on not getting lured by promises of exceptionally high returns and on the need to check the statement of accounts, to ensure that all transactions are as per the client’s advice and consent.
To ensure investor protection, they were advised on the mandatory and voluntary documents that should be executed between the investor and the member broker, and on the need for investors to see the risk disclosure documents, if they are first time investors, for safe investing. Investors were also advised that giving a power of attorney to the broker is voluntary and not mandatory. Different grievance redressal mechanisms were also discussed with investors, so that they can get their complaints resolved at an early stage.
To ensure investor protection, they were advised on the mandatory and voluntary documents that should be executed between the investor and the member broker, and on the need for investors to see the risk disclosure documents, if they are first time investors, for safe investing. Investors were also advised that giving a power of attorney to the broker is voluntary and not mandatory. Different grievance redressal mechanisms were also discussed with investors, so that they can get their complaints resolved at an early stage.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
BEL secures Rs 973 crore orders; FY25 order book reaches Rs 9,801 cr
Mon, Dec 23 2024
Russian oil's share in India's crude oil imports drops to 3-qtr low; Middle Eastern oil soars
Mon, Dec 23 2024
Adani to acquire 85.8% stake in Air Works for Rs 400 crore
Mon, Dec 23 2024
Banks seek RBI nod for new swap benchmark to replace MIBOR
Mon, Dec 23 2024
Honda, Nissan eye merger by 2026 amid tough market challenges
Mon, Dec 23 2024
India's foreign exchange falls to a six-month low of $652.87 billion
Fri, Dec 20 2024