Secretary Ministry of Corporate Affairs Reviews the Progress of Investor Education Initiatives of the Ministry

Secretary, Ministry of Corporate Affairs, Reviews the Progress of Investor Education Initiatives of the Ministry

 Shri R. Bandyopadhyay, Secretary, Ministry of Corporate Affairs reviewed the progress of investor education initiatives of the Ministry.  The Ministry of Corporate Affairs had decided to upscale its investor education initiatives for the current year and increased the number of investor awareness programmes by ten times from the 300 programmes organized last year.  The Ministry has taken 18 organizations on Board for this purpose which include the following:-

            1.         All India Association of Industries (AIAI),

            2.         All India Management Association (AIM),

            3.         ASSOCHAM,

            4.         Bombay Stock Exchange (BSE),

            5.         Confederation of Indian Industry (CII),

            6.         The Federation of Andhra Pradesh Chambers of Commerce and Industry   (FAPCCI),

            7.         FICCI,

            8.         Institute of Chartered Accountants of India (ICAI),

            9.         Institute of Company Secretaries of India (ICSI),

            10.       Institute of Cost and Works Accountants of India (ICWAI),

            11.       Indian Merchant Chamber (IMC),

            12.       MCX-SX,

            13.       National Stock Exchange (NSE),

            14.       PHD Chamber,

            15.       Reserve Bank of India, RBI,

            16.       Securities and Exchange Board of India , SEBI,

            17.       The Southern India Chamber of Commerce and Industry (SICCI),

            18.       UTI Mutual Fund UTIMF 

            While appreciating the enthusiasm shown by all the partner organizations, Shri R.Bandyopadhyay stated that the message of informed investment decisions needs to be taken to every corner of the country and to every sections of the society.  During the meeting, the programmes organized by different partner organizations were reviewed and it was seen that over 800 programmes have been organized during the current financial year.  Some innovative approaches to investor awareness undertaken by the partner organizations were also highlighted which included talk shows on TV, spreading awareness through road shows, using street theatre as a medium of investor education and engaging the students at high school and college level in ‘catch them young’ mode.  Shri R.Bandyopadhyay said that the momentum needs to be maintained as the investor education is a joint responsibility of all the partners.  He also requested the organizations to make investor education as a part of their outreach programmes.