NSE campaign in Jammu and Kashmir: It is time to fire stock investments!

MUMBAI: National Stock Exchange ( NSE), one of the two largest exchanges of India, has now entered the hilly terrains of Jammu and Kashmir in a move aimed at driving people towards stock market investments.

NSE, in association with the capital market regulator Securities and Exchange Board of India ( SEBI), J&K Bank and University of Kashmir, organized a Regional Investor Awareness Programme Monday on "Economic Empowerment through Financial Education", at Srinagar.

The exchange has signed an Memorandum of Understanding with the University of Kashmir as well during the program. The MOU will enable students to learn financial market skill from the next academic year. All courses will be initially at the post graduate level.

J&K is a state, fraught with terrorism over decades. The prolonging political upheaval has caused a havoc in the local economy leading to large scale joblessness amid drying up industrial activities.

"Today’s seminar is one more step by NSE to empower people from the tier two and tier three cities, to take good financial decisions for a comfortable future," NSE said in a release on Monday. "It is important that investors should understand the markets, the precautions they should take in choosing an intermediary or in trading products, before investing."

During the program, the keynote address was delivered by the N Hariharan, chief general manager, Head Office, SEBI.

On the seminar, investors were educated about the investor grievance redressal mechanisms, so that they can get their complaints resolved at an early stage. They were also educated on the various products that they could invest in, for example, exchange traded funds (ETF’s) including Nifty ETF’s, NSE said.