Mumbai, July 19, 2019: NSE Foundation, a subsidiary of National Stock Exchange of India Limited has signed a Statement of Intent (SOI) with the Ramanathapuram district administration to undertake CSR activities. Mr. K. Veera Raghava Rao- District Collector, Ramanathapuram and Ms. Rema Mohan- CEO, NSE Foundation formalized the partnership through an SOI. NSE Foundation has commenced concentrated initiatives to implement impact driven projects in four NITI Aayog recognized aspirational districts; Nandurbar (Maharashtra), Karauli (Rajasthan), Birbhum (West Bengal) and Ramanathapuram (Tamil Nadu). Currently through various programmes NSE Foundation impacts around 8.5 Lac beneficiaries across 10 States in India. The key focus areas for the NSE foundation are Primary Education, Water, Sanitation, Hygiene, Safe Drinking water and Elder Care along with certain disaster relief and rehabilitation efforts. About NSE Foundation
NSE Foundation works with the vision to enhance the wellbeing of people at large. NSE Foundation aspires in helping the underprivileged sections of the population by improving their quality of life and reaching out to them. The Foundation identifies that economic well-being of the nation is linked with the social well-being of the community and hence focuses on improving the quality of life of its identified beneficiaries towards creating inclusive societies, while meeting its social, economic and environmental responsibilities. NSE Foundation has reached more than 100 districts through 56 projects across 10 States: Rajasthan, Maharashtra, Kerala, Tamil Nadu, Telangana, West Bengal, Jharkhand, Bihar, Uttar Pradesh and Madhya Pradesh.
About National Stock Exchange of India Limited (NSE):
National Stock Exchange of India Ltd. (NSE) is the leading stock exchange in India and the second largest in the world by nos. of trades in equity shares from January to December 2018, according to World Federation of Exchanges (WFE) report. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members with the rules and regulations of the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and no