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  • DAILY CURRENT AFFAIRS:Finance Minister Nirmala Sitharaman launches NSDL’s ‘Market Ka Eklavya”

Finance Minister Nirmala Sitharaman launches NSDL’s ‘Market Ka Eklavya”

Tags: Economy/Finance Latest

Union Finance Minister Nirmala Sitharaman launched ‘Market ka Eklavya,’ an online investor awareness program for students in Hindi and other regional languages by National Securities Depository Limited (NSDL) in Mumbai on 7 May 2022.

‘Market ka Eklavya’ aims to introduce the basics of the securities market and also impart training on financial markets for students, in online mode.

The minister was in Mumbai to participate in the silver jubilee foundation of the National Securities Depository Limited (NSDL).

National Securities and Depositories Limited (NSDL)

  •  NSDL is one of the two Depositories operational in India. The other being Central Depository services limited (CDSL).
  • NSDL was set up in 1996 as the first depositories of India.
  • Depositories hold the securities (shares, bonds, debentures etc.) which are in dematerialised form and help in the settlement of the trading of such securities. 
  • Dematerialised means the securities are in electronic form not in paper form.

Headquarters of NDSL: Mumbai 

Managing Director and CEO: Padmaja Chunduru 

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