FM inaugurates the NSE - CNBC TV 18 media centre

Hon’ble Finance Minister Shri. P Chidambaram inaugurated the NSE-TV18 media centre at NSE today.

The Finance Minister says that transparency is the hallmark of an efficient securities market and the reforms over the last decade and half have increased the level of transparency dramatically. The FM also said that “Today the market participants are required to disclose all relevant information about themselves, their products and services and similarly they are expected to use all relevant information for making decisions. Over time the use of information by investors and intermediaries has increased. The accuracy of information has improved and the scope of information has broadened," he adds.

The Finance Minister said it is now time to focus efforts on making the information available instantaneously to the entire target audience domestic and overseas. “The joint initiative of NSE and TV18 to set up a media centre to bring real time linkages between markets, corporates and the investing community, live from the NSE is a step in this direction.” The FM further added that “ I am sure that this will bring the market closer to the investors and will improve the level of communication between the companies and their managements and their shareholders,” he adds. While this initiative will disseminate information about the companies and the market, the FM urges the exchange to devise a mechanism to make available the historical market data they have in their possession as a bi-product.

The FM further said “This would help researchers, regulators and policy makers in informed policy making. It would also add to the revenue of the exchange. My good wishes to this very novel and path breaking initiative.”

Source : Equity Bulls

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