NSE to spread financial literacy

Ravi Varanasi, NSE chief (business development), during an interaction with The Hindu in the city on Tuesday.— Photo: K.R. Deepak  

National Stock Exchange of India Limited is holding talks with the governments of Andhra Pradesh and Telangana to introduce teaching on financial markets to seventh and eight standard students.

After evolving a 25-hour module to spread financial literacy among the youngsters, NSE has tied up with CBSE to teach on financial markets to 11th and 12th standards across the country. It has already started teaching 9th and 10{+t}{+h}standard students under CBSE syllabus from current academic year.

NSE Chief-Business Development Ravi Varanasi told The Hindu in an exclusive interview on Tuesday that they had already introduced teaching in financial literacy for seventh and eighth standard students under State syllabus in Tamil Nadu, Assam, Himachal Pradesh, Uttaranchal, and Nagaland. Memorandum of Understanding will be signed shortly with the authorities concerned in Gujarat and Goa.

Underlining the importance of spreading education on fast expanding financial markets and careers in the sector, Mr. Varanasi said they had also tied up with 20 universities and premier institutes for conducting courses in BBA and MBA with specialisation on financial markets.

NSE has educated 25 lakh youngsters on financial business so far. Mr. Varanasi said while conducting classes under simulated market conditions, they were also able to give feel of capital market to the students. He said to spread the concept of ‘training the trainees,’ they were grooming teachers as resource persons and offering various online courses on payment of nominal amount and issuing them certification on their expertise to all.

NSE during its existence since past 21 years had transformed the capital market based on technology, business practices and high standards of corporate governance and management practices, he said.

In addition to being a platform of choice for all exchange related traded financial products in India, NSE’s flagship index Nifty50 is used extensively by investors across the country and the world. With 2.5 lakh terminals, they could achieve two percent of investments in equities and 10 to 15 per cent of indirect investments like mutual fund, insurance and pension products.

Mr. Varanasi said they were handling Rs.20,000 crore in cash market and Rs.2.5 lakh crore in derivatives daily.

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Printable version | Sep 28, 2021 1:59:08 PM |

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