NSE launches financial literacy initiative 'Jagruti' in Patiala, in partnership with India Post
National Stock Exchange of India Limited
(Wednesday June 13, 2012)
June 13, 2012 :The city of Patiala in Punjab is as famous
for its jutti or foot wear and the Patiala turban, as it is for its growth
into a major industrial centre. To help the enterprising people of Patiala to
grow their businesses and investments, the National Stock Exchange (NSE)
has started a financial literacy initiative, in partnership with the head
post office of Patiala. The alliance is part of a larger partnership with India
Post of the Government of India, to take the equity cult to the small towns
and cities of India.
As a part of the agreement, NSE is putting up large sized screens
at more than 50 post offices in the country, including the one at Patiala.
The screens will carry messages from both NSE and India Post, to increase
awareness in people on safe investing and investor friendly products, to
empower them financially.
The screen at the Patiala head post office, on the bustling Mall
Road was inaugurated by senior officials from NSE and India post, on the
13th of June. The partnership with India Post was kick started
from Rohtak recently.
Joint Managing Director of NSE, Ms. Chitra Ramkrishna said, “We
have constantly been trying to reach out to the tier two and tier three
cities, to bring more people into the formal financial system. Patiala is
an important industrial hub and is home to many reputed educational
institutions. We hope this financial literacy initiative will help
people to realize their dreams’’.
The screen will carry information on the prices of Nifty stocks and
different NSE indices. It will also convey information on products like
Gold exchange traded funds, a cost effective and transparent option to buy
gold and Nifty exchange traded funds, apart from giving advice on the do’s and
don’ts of trading.
It will also carry information on products of India Post,
like Online money transfers, Electronic money orders, Speed post, Savings
certificates, Postal life insurance and Logistics solutions for
Corporates.
This initiative is being jointly implemented by NSE and India Post
in a large number of small towns and cities across the length and breadth
of India. They include Midnapore, Bhagalpur, Pushkar, Ajmer, Hardwar,
Muzzafarnagar, Bilaspur, Vidisha and Bharuch.
The alliance with India Post comes after a series of steps by NSE
to increase financial literacy. NSE has a tie up with 95 colleges in
different parts of the country, to conduct short duration courses on the
capital markets.
More than two lakh school students have learnt the basics of money
management and financial markets, through courses run by NSE.
NSE also has a tie up with three prominent universities for MBA
and BBA (Bachelors in Business Administration) courses, in financial
markets. These include the Punjabi university in Patiala, Guru Gobind
Singh Indraprastha University at Delhi and the Maharshi Dayanand University in
Rohtak. The first batch of students started the MBA and BBA courses at the
Punjabi university in July 2011.
