Bihar Plan for 2013-14 Finalized

Be it a election plan or Bihar plan but congress decided to give Bihar a whooping rs34000 crore for development.

The Annual Plan for the year 2013-14 for Bihar was finalized here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Bihar, Sh. Nitish Kumar. The plan size has been agreed at Rs. 34,000crore.

Deputy Chairman Planning Commission complemented the State Government for plan performance and for achieving higher growth rate during 11th five year plan period. He said the 11th plan has seen convergence of growth pattern among States, on per capita income the process of narrowing of gap between developed and developing States is not that encouraging. He said on this count even Bihar has shown much more encouraging results.

Mr Ahluwalia complemented the State government for introducing Mission Manav Vikas in its plan programme which would help in monitoring human development index in the State through 20 monitorable targets. He said this was in line with the Commission’s initiative in the 12th plan which sought similar action from all States. State initiative to standardise education through programme Gunvarta was also appreciated.

At the meeting it was pointed out that Bihar was growing at a slower rate than the country for decades till around 2001-02. However, the State picked up the pace of growth in the recent past and has been doing very well in terms of growth performance in the last few years. It was one of the best performers in terms of growth during 2002-03 to 2008-09 second only to Gujarat. The Gross Domestic Product of the State (during 2004-2005 to 2012-13) increased from Rs. 77,781 crore in 2004-05 to Rs. 1,57,957 crore in 2012-13 at the constant (2004-2005) prices.

The per capita Net State Domestic Product (NSDP) at constant (2004-2005) prices also increased from Rs. 7,914 in 2004-2005 to Rs. 14,268 in 2012-13. Per Capita NSDP of Bihar has remained significantly lower than the per capita NSDP at all India level. The State’s per capita NSDP has however increased by 84.13 % from Rs. 7,749 in 2005-06 to Rs. 14,268 in 2012-13 compared to an increase of 50.5% in per capita NSDP at the national level during the same period. The Bihar’s per capita NSDP is still 36.45 % of the all India per capita NDP in 2012-13.

The State Government was complemented for achievements in Education and Health sectors. It was pointed that literacy level of the state has improved to 63.82% in 2011 from 47.53% a decade ago, but is still lower than the 74.04% literacy rate achieved at all India level. However, female literacy rate is a cause of concern as the male literacy in Bihar is 73.39% and female literacy is 53.33% compared to the national literacy level of 82.14% for males and 65.46% for females in 2011. The Commission pointed that the Accelerated Irrigation Benefit Programme (AIBP) is being revamped so that the gap between potential created and potential utilised in the irrigation sector is reduced substantially.

Sh. Nitish Kumar, Chief Minister of Bihar briefed the commission on the achievements of the State and future strategy. He said the State would be targeting a growth rate of 13 per cent in the current plan which would include 7 per cent growth in agriculture for which a road map has been drawn. Drip and sprinkle irrigation would be encouraged to improve productivity. Infrastructure development especially in road, electricity and irrigation would get top priority. He said these sectors are considered vital for development of the State and Centre should give special assistance for the same.

He said that the gap between national and state per capita income has started showing a downward trend in last few years. However, even at the present rate of high growth, it will take more than 25 years to catch up with the national average. The plan expenditure has grown more than six times since 2005-06. The share of Plan expenditure in total expenditure of the state has also grown up from 19% to 37%.

He said the major chunk of the total proposed outlay has been earmarked for Social Service Sector consisting of Education, Health, Water supply and Sanitation, Housing, Urban Development and Other Services taken together. Around 37.78 per cent of the total proposed outlay for Annual Plan (2012-13) and 35.23 per cent of the total proposed outlay for 12th Plan has been earmarked for Social Service Sector. The next highest outlay has been proposed for the Transport Sector which accounts for 18.34% of the 12th Five Year Plan and 18.92% of the total proposed outlay for Annual Plan 2012-13.

In the total proposed outlay of Rs. 34,000 crore for Annual Plan 2013-14, the share of agriculture sector has been enhanced to 9.99% while that of social services has been enhanced from 36.5% in 2012-13 to 40.59% in the annual plan proposal for 2013-14. 

Source : Press information bureau

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List of Countries having highest Debt-to-GDP

 Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This list is followed by the country specific analysis on the prevailing situation. Below is the list of 30 countries having highest debt to GDP.

Japan

Japan has a high debt to GDP ratio, almost 3 times that of US. US is worried, but Japan need ot be very worried.  Japan has a high Economy and it can manage it. Japan owes most of its debt to Japanese families and businesses, which have been willing to plough their savings into government bonds. The U.S. borrows about half our debt from overseas, which means we pay higher rates decided by the more cutthroat international bond market.

High savings were sustainable when the population was younger, wealthy, and growing. Instead, Japan is old, stagnant and saving less every year. Those investors have repeatedly failed to short Japanese debt since the early 1990s doesn’t mean that Japanese debt is a good bet tomorrow. The country will eventually find itself in a financial catastrophe when the public stops lending money at  1.5 %.

Greece

The cause of high debt to GDP ratio in Greece is years of unrestrained spending, cheap lending. The deficits exceeded the level set by Euro zone. The country’s deficit-how much more it spends than it takes in – is 12.7%. This leaves the country struggling to pay its bills as interest rates on existing debts rise. The Government is now implementing austerity measures, hiked taxes on fuels, tobacco and alcohol, , raised retirement age by 2 years, imposed public sector pay cuts and applied tough new tax evasion regulations.

Jamaica

Jamaica’s huge debt burden is the result of government bailouts to ailing sectors of the economy, most notably to the financial sector in the mid-to-late 1990s.

Interest payments as a percentage of gross domestic products were the highest in the world last year even after a domestic debt restructuring two years ago. Roughly half of the Jamaican government’s budget has been dedicated to paying the debt, and that has forced the middle-income country to scrimp on schools, hospitals and infrastructure.

Jamaica’s economy grew by 1.5 percent last year after three years of negative growth rates, but the economy still remains below its 2008 level of GDP.

Lebanon

When its 16-year civil war ended in 1991, a lack of foreign aid and high reconstruction costs left the country with $35 billion to pay off and one of the highest debt-to-GDP ratio in the world. The debt burden in Lebanon amounted to over LL6000 billion during 2012 when the economy was projected to grow at one fourth of that.

The most recent IMF projections notes that lower financing costs and higher revenue and spending restraint have improved debt dynamics. However, in the absence of additional fiscal adjustment, and in an environment of rising interest rates, debt dynamics would again become unstable in the medium-to-long term.

Eritrea

Increased revenue from mining activities, notably the Bisha mine combined with high gold prices and related increases in the tax base might mitigate debt pressures in the medium term, although UN sanctions and the absence of new additional mines scheduled to come on-line could equally see debt levels rise in 2012.

The debt levels need to be reduced by both military and non-military public expenditure.

Italy

It is the second most indebted EU nation after Greece, measured by debt as a proportion of GDP. There are certain differences between Italy and Greece. In Italy there is not a simple problem of cutting expenses. It’s about recalibrating expenses with growth measures. There is a problem in the Italian business environment that prevents growth. Italy scores low in the World Bank indicator of how easy it is to do business – 80th. The problem is bureaucracy and sluggishness of the justice system in courts to clear financial and business matters. If Italy fails to repay its debts the impact would be far worse than if Greece defaults as it has a much greater overall level of debt, meaning its creditors, mostly European banks, would be in serious trouble.

Barbados

Sovereign credit ratings for Barbados have deteriorated. Moody’s revised the country’s sovereign rating from “Baa3” to “Ba1” in December 2012, leaving a “negative” outlook in place.

Standard & Poor’s downgraded the country’s rating in mid-2012 from “BBB-” to “BB+” on the back of a weak fiscal profile, challenging economic conditions and rising debt burden.

Portugal

In the case of Portugal, GDP per capita in 2010 was just $25,575, lower than every country in the developed world except Slovakia. The combination of extremely high debt, high liabilities and sinking national productivity has resulted in credit downgrades to below investment grade, or junk, bond status. In 2012, Moody’s downgraded Portugal to Ba3.

Ireland

Ireland’s local banks had gambled and lost on real estate loans, and had been bailed out with comprehensive state guarantees. In 2011, the economy even grew, albeit only by 0.7 percent. Thanks to low corporate taxes, a well-educated workforce and a functioning administration, the Ireland has, in contrast to Greece — an intact business and social model, including tax benefits.

United States

The only time in U.S. history when it has been higher was in 1945-46 post World War II when it reached 109%. The continuous debate on raising the debt ceiling is all about a government mismanaging its money and not being able to control it. The debt ceiling has been increased 10 times since 2001. If the debt ceiling were actually a ceiling, the market and debt distortions would have imploded the economy–an implosion necessary for the economy to restore its equilibrium and liquidate all inefficiencies.

Singapore

A main bulk of the Government debt are in the form of security bonds called Singapore Government Securities and the Central Provident Fund Board (CPF) is the main holder of these bonds. On the international debt market, Singapore is a net creditor.

Singapore Government defends the high debt saying that Singapore doesn’t owe any countries money, and this internal debt is properly managed through a set of sound fiscal policies

Iceland

From 2003 to 2008, Iceland went on a debt-fuelled buying spree. Iceland’s major banks began borrowing from international lenders on a huge scale to finance asset purchases. The population followed suit, borrowing from low interest-rate countries like Japan to bet on domestic assets (the carry trade).

Fitch has just upgraded Icelandic debt to BBB-. This means that all three major agencies, (the other two being Standard & Poor’s and Moody’s) consider Icelandic debt to be investment grade once again. Iceland’s unemployment is only 7.2%, and GDP growth is expected to come in at 2.4% this year.

Belgium

The Debt crisis in Belgium is said to have been mainly created by the debt crisis in Greece.  “The ability of authorities to respond to potential economic pressures from inside and outside of Belgium… in our opinion is constrained by the repeated failure of attempts to form a new government,” S&P said in a statement.

Mauritania

Before 2000, Drought and economic mismanagement have resulted in a build-up of foreign debt. In February 2000, Mauritania qualified for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative and nearly all of its foreign debt has since been forgiven.

Côte d’Ivoire

In the medium term, overall macroeconomic policy will come under the 2012-14 economic and financial programmes which is supported by the Extended Credit Facility (ECF) of the IMF. Its implementation should enable Côte d’Ivoire to reach the completion point of the Heavily Indebted Poor Countries (HIPC) initiative in 2012 and benefit from the Multilateral Debt Relief Initiative (MDRI).

Iraq

The two devastating wars fought unnecessarily by Iraq in the past decade, along with the UN’s ongoing economic sanctions, have ultimately led to the bankruptcy of the country and high levels of foreign debt.

Grenada

After a string of bad economic setbacks – including devastating hits by hurricanes Ivan and Emily in 2004 and 2005 – Grenada stopped paying back some $28 million in loans it received from Taiwan. Taiwan has called in its loans because Grenada dumped Taiwan in favour of China.

France

Although it is considered a core country in the euro zone, France’s economic profile now bears more resemblance to Greece’s [than] Germany’s. What distinguishes France is the lack of political will to address them and, as a consequence, a projected debt to GDP ratio which would place it firmly amongst the PIIGS grouping.

Canada

Canada today faces a debt problem comparable to those of the U.S. and the nations of Western Europe. Canada’s huge expenditures on regional subsidies, including equalization, have severely damaged our national and provincial economies and prevent the growth needed to exit the debt.

United Kingdom

First more than 70 per cent of UK government debt is held within the UK by things like pension funds. It is a mistake to think that our national debt is all owed to other governments or foreign speculators.

Secondly UK debt is more long-term than many other countries. On average our debts have a pay-back period of 12 years. Countries like Greece need to keep paying back debts and are forced to borrow more to make up for that. The UK does not face any problems refinancing its debts.

Debt to GDP of countries falling below UK is mostly controllable and manageable.

Bhutan

Most of our debt is in the hydropower sector, which is not only self financing but also brings in extra revenue. On the non-hydropower debt, most are concessionary loans from development banks with very long repayment terms.

Germany

The government, which is gearing up for an election in the autumn, took the opportunity to highlight the fact it was early in meeting its “debt brake” commitment of a balanced budget.

Hungary

Unlike Greece, Spain and Italy, Hungary does not use the euro single currency, but it is afflicted by similar debt problems. It is Eastern Europe’s most indebted nation. Hungary is more at risk (as compared to Italy and UK) because its savings are much lower and it is more reliant on foreign investment.

Belize

As with many other countries in the region, its currency is firmly pegged to the US dollar, at two Belizean dollars to one US, so it cannot devalue its way to improved competitiveness.

Declining tourism has proved a problem, but the country has also added to its debt burden by nationalising local utilities Belize Telemedia and Belize Electricity.

Srilanka

Huge debt is due to the huge military spending needed to wage war against the separatist Liberation Tigers of Tamil Eelam (LTTE).“Most of the [foreign currency] reserves are loans that have to be repaid rather than funds that have been earned through exports. These contingent liabilities have also increased the country’s public debt that is a serious burden on the economy.

Cape Verde

In 2011 Cape Verde suffered from the financial crisis in the euro area. Economic growth slowed from 5.4% in 2010 to 5.0% in 2011. It is expected to stabilise around 5.1% in 2012 and 2013.

Egypt

Most of Egypt’s debt is internal. In the 2012/13 budget, the government allocated over a quarter of all spending to debt servicing.

Israel

Israel’s debt to GDP ratio was relatively low, its unemployment rate is – and has for a long time been – relatively low as well, and the Bank of Israel has access to fiscal tools (such as cutting interest rates even further) if necessary.

Sudan

Sudan’s external debt is estimated to have grown by 27% since 2008. Several countries such as United States, United Kingdom and Germany expressed readiness to offer debt relief but political conditions attached will likely slow down the materialization of the pledges.

Austria

Austrian debt has basically gravitated with France. People have always perceived France and Austria to be vulnerable – Austria in particular because of its exposure to Italy and also Eastern Europe.

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MUMBAI, April 04, 2013/EquityUpdates/-: Association of National Exchanges Members of India (ANMI), the all India body of stock brokers, today announced the election of Dr. R.M.C.V. Prasada Rao as its new President and Mr. Naresh Tejwani as Alternative–President of ANMI with effect from April 1, 2013.

Prior to his new role, Dr. Rao served as Alternate President of the Association. He is the Managing Director of R.L.P. Securities Pvt. Ltd. and R.L.P. Commodity & Derivatives Pvt. Ltd. and will be based in ANMI’s Hyderabad office.

Mr. Naresh Tejwani, currently also a Director and CEO at Satco Capital Markets Ltd, will be based in the Association’s Mumbai office.

Speaking on his new role as President of ANMI, Dr. Rao, said, “I am extremely honored to have been chosen as President to lead ANMI in the current tumultuous phase in the Broking Industry. I will be striving hard to ensure that the members’ confidence in me is justified from the very outset. I look forward to ensuring that ANMI provides able guidance, advice and assistance to its members in their pursuit of Stock Broking activities and other related services.”

In his new role as President, Dr. Rao will work for the growth of the capital market, overall interest of investors and ANMI’s members at large.

Education both to the investors as well as the intermediaries will be the focal point with the new President. In the past, under his leadership, ANMI successfully represented itself in many international organizations and events. It has also provided many opportunities to its members to voice their opinion on various procedures, policies, rules & regulations pertaining to operations of broking business.

According to the ANMI’s policy, office of President changes every year. Thus, Dr. Rao replaces Mr. Rakesh Somani, Director at Eureka Stock & Share Broking Services Ltd. Who served as President in FY 2012-13.

About Dr. R.M.C.V. Prasada Rao – President, ANMI:

Dr. Prasada Rao is the Managing Director of R.L.P. Securities Pvt. Ltd.  and R.L.P. Commodity & Derivatives Pvt. Ltd. He has done his Ph. D in Statistics from Andhra University and served as Associate Professor for 15 years in A. P. Agricultural University and also has 22 years of rich experience in Stock Broking business.

About Mr. Naresh M. Tejwani – Alternate President, ANMI:

Naresh M. Tejwani, has over 30 years of experience in areas of equity & derivatives segment of Capital Markets. From 2007 he is also officiating as the Whole Time Director & CEO of Satco Capital Markets Limited, Member of the National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX SX.
He has been former Chairman of Western India Chapter of Association of National Exchanges Members of India (ANMI).
He has been an ex Banker handling Risk Asset Management area for the Bank.

About ANMI:

Association of National Exchanges Members of India (ANMI) is an all India body comprising the trading members of all National Stock Exchanges of India. ANMI has a mission of creating most transparent and efficient Capital Market through assistance to Government and Regulator, Education to Investors and Professional Guidance to its members for their development with adherence to ethics and regulations of the market.Efficient Financial Markets are main attraction for Foreign Direct Investment (FDI), Development of Infrastructure and Industry, employment to person and increased revenue to the nation.To further the cause, ANMI regularly and actively participates in all the National and International Conferences / Seminars / Training Programmes. Due to its sincere efforts, ANMI is now consulted by Regulators, Government, International Monetary Fund, World Bank etc. for the reforms and transparency in Finance related matters.

ANMI presently has nearly 850 Market Intermediaries Firms as its Members having their activities across the country. ANMI has recently hosted successfully 2 major International  capital market related  events – one called the “Asia Securities Forum  Meet”  which was held in Mumbai in November 2012 and the other “Asia Forum for Investors Education” at N. Delhi in March 2013. Both the events saw active participation from 15 South East Asian Countries consisting of over 75 participants, Government of India / Regulatory / Exchanges officials and representatives of the Capital and Stock Market both from India and outside.

For more media contact:
Ashish Samal
+91 9619161477

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NEW DELHI, March 22, 2013 /EquityUpdates/ –
PSU Awards 2012 to Honor the Best PSU for Their Contribution to the Indian Economy

Dalal Street Investment Journal (DSIJ), India’s No.1 investment magazine is organizing the PSU Awards 2012 to honor the Public Sector Undertaking (PSU) for their commendable performance.  DSIJ always had great regard for Indian PSUs and recognize their contribution to the Indian economy.
The award ceremony will take place on 23^rd March 2013 at Hyatt Regency, Bhikaji Cama Place, New Delhi. The DSIJ Group would be giving around 17 awards in various categories. Shri Ajit Singh, Honorable Union Minister of Civil Aviation will be the Chief Guest and Guest of Honor will be Mr. P Uma Shankar, Secretary Power (Government of India). The event shall be streamed live at http://www.dsij.in/psu/awards.aspx

To provide a uniform platform to everyone, DSIJ has decided that from this time onwards all awards would be divided into three categories -Maharatnas,   Navratnas and Miniratnas. This would ensure that Miniratnas also get chance to be conferred with the prestigious DSIJ awards.

Mr. Sanjay Padode, Managing Director of DSIJ Pvt. Ltd said, ‘Dalal Street Investment Journal, which has democratized wealth creation for more than 25 years has always recognized the contribution of Indian Public Sector Undertakings (PSUs) in building a robust society and economy for our nation. This recognition has manifested itself in the form of the most coveted “DSIJ PSU AWARDS” since 2009. These companies have been the pillars of the economy providing business opportunities for establishing the Indian Private sector whilst delivering on their social objectives of seeding development and prosperity in the country.

“DSIJ PSU AWARDS 2012.” demonstrates the continuing faith of the Dalal Street Investment Journal Journal in the Indian PSUs. The past three award ceremonies have been attended by the who’s who of the Indian PSU and this year we are hoping to see a larger gathering consisting of business leaders, bureaucrats and academicians to celebrate the success of the Indian PSU’s.

This time the selection criterion for the awards has been quite unique as the jury have looked at multitude of parameters to evaluate performance of the company & every parameter has been evaluated over an extended period of time. This is to ensure that each of the awardees truly deserve the award. The parameters include at Size, Growth, Wealth Builders, Valuable and efficiency.

The 4^th DSIJ PSU Awards 2012 will be conferred on PSUs in the following categories:

1. Fastest Growing Maharatna – Manufacturing
2. Heavyweight Maharatna – Non Manufacturing
3. Fastest Growing Navratna – Manufacturing
4. Fastest Growing Navratna – Non Manufacturing
5. Heavyweight Maharatna – Manufacturing
6. Most Efficient Navratna – Manufacturing
7. Most Efficient Navratna – Non Manufacturing
8. Most Efficient Maharatna – Manufacturing
9. Most Efficient Maharatna – Non Manufacturing
10. Award for the Most Efficient Financial Institution
11. Highest Profit Per Employee – Non Manufacturing Miniratna
12. Fastest Growing Operational Metrics – Non Manufacturing Navratna
13. Consistent All-round Performance – Non-Banking Financial Company
14. Mighty Masters – Largest Balance Sheet and Topline – Non Manufacturing Navratna
15. Most Efficient Non-Manufacturing Miniratna
16. Highest Number of Employees in Manufacturing Maharatana

DSIJ started PSU Award in 2009 and this year is they will be celebrating the fourth edition of PSU Awards. There are many awards to felicitate heroes in the private sector but when it comes to recognizing the service of the Public Sector Enterprises (PSEs), there are none that give due recognition to these pillars of the Indian economy.

At the award ceremony, DSIJ will also launch a book containing information on PSU Maharatanas, Navratnas and Miniratnas. The book has been dedicated to 15 lakh PSU employees of the nation.

About DSIJ Private Limited:

Dalal Street Investment Journal is India’s leading wealth creating media brand. In line with its philosophy of democratising wealth creation, DSIJ provides unbiased, reliable and actionable information to enable the wealth creation and wealth enhancement objectives of every financially engaged citizen.

Established in 1986, the masthead, Dalal Street Investment Journal, is one of the most recognised equity market publication and has been at the forefront of quality journalism ever since. Today DSIJ reaches out to its discerning readers in the print and the contemporary digital formats.

For more information visit http://www.DSIJ.in or email us on pr@dsij.in

Head office
DSIJ Pvt Ltd
Office No – 303, 3rd Floor, Siddhivinayak Aurum, Behind Eden Garden Society,
Near IBIS Hotel, Vimannagar, Pune - 411014
Phone: +91(0)20-40197200 Fax: +91(0)20-40197210
Mumbai Office
DSIJ Pvt. Ltd.
419-A, 4th floor, Arun Chambers, Tardeo, Next to AC Market,
Mumbai- 400034
Phone :- +91-22-40629500
Customer Care number – + (91)-20-40197200
Fax – +91-22 -40629510
Email us - enquiry@dsij.in

Copyright 2013 PR Newswire

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MUMBAI, March 22, 2013/EquityUpdates/: ANMI (Association of National Exchanges Members of India), an all India body comprising the trading members of all National Stock Exchanges of India, in association with SEBI and AFIE (Asian Forum of Investors Educations), is organizing The AFIE-AGM 2013, a prestigious Investor Education forum to be held for the first time in India, on Friday, March 22, 2013, at the Hyatt Regency at New Delhi.

The forum will be attended by many international delegations from countries like Cambodia, China, Hong Kong, Japan, Nepal, Sri Lanka, Taiwan, Thailand and Turkey. The delegation will hold a discussion on a wide range of investor education topics and issues facing the region’s financial markets.

The organization of the event assumes added significance as such a prestigious Investor Education forum is being held for the first time in India. ANMI has been entrusted with the responsibility of leading an important international event working towards investor education and advancement of Capital Markets in the region. The AGM was last held in Seoul, South Korea. Mr. Rakesh Somani, President of ANMI, is also the current Chairman of Asia Forum for Investor Education.

Speaking on the occasion, Mr. Rakesh Somani, President of ANMI, said, “ANMI believes that increased sophistication of product offerings is widening the gap of investor understanding. The objective of ANMI is to move to create a base of retail investors who are financially aware of working of the financial market before they educate them of investing in sophisticated products. ANMI is working closely with the SEBI and AFIE to create investor awareness of financial products and working of the industry across the demographic pyramid.”

The program includes an inaugural session, followed by themed sessions and panel discussions. The themed sessions cover topics such as:

• Collective approaches to meet financial capability/investor education needs
• Investor education in response to demographic changes
• Regulatory responses to financial capability/investor education agenda in a volatile financial environment

Topic to be covered under panel discussion:

•  Financial advisory service as a fundamental channel of investor education – Session Chairman  Mr. Ved Jain, Former President, Institute of Chartered Accountant of India
•  Effective use of new and innovative technology for investor education – Session Chairman Dr. C S Mohapatra, Advisor FSDC, Ministry of Finance
• Retirement Planning: Increased challenge for aging population – Session Chairman Mr. Ananta Barua, Executive Director, SEBI

Education both to the investors as well as the intermediaries is a focal point with ANMI and falls within its development principles. ANMI regularly conducts educational/training/awareness seminars/workshops and programs for the benefit of its members/investors/Financial fraternity/ intermediaries all over the country.

About AFIE

Asia Forum for Investor Education (AFIE) is an international alliance that aims to improve investor education, confidence and development of Capital Markets through enhanced international cooperation and information exchange in the Asia Pacific region. It represents 32 organisation from 20 member countries including Korea, Japan, China, Indonesia and Thailand. ANMI is one of the founding Members and currently Chair’s AFIE.

The AFIE is committed towards ensuring a sound investment culture and strong investor protection is instilled throughout the region by promoting investor education and the development of the region’s capital markets. To this end, the AFIE will serve as a channel for discussion on a wide range of investor education topics and issues facing the region’s financial markets

About ANMI

Association of National Exchanges Members of India (ANMI) is an all India body comprising the trading members of all National Stock Exchanges of India. ANMI has a mission of creating most transparent and efficient Capital Market through assistance to Government and Regulator, Education to Investors and Professional Guidance to its members for their development with adherence to ethics and regulations of the market.Efficient Financial Markets are main attraction for Foreign Direct Investment (FDI), Development of Infrastructure and Industry, employment to person and increased revenue to the nation.To further the cause, ANMI regularly and actively participates in all the National and International Conferences / Seminars / Training Programmes. Due to its sincere efforts, ANMI is now consulted by Regulators, Government, International Monetary Fund, World Bank etc. for the reforms and transparency in Finance related matters.

# # #

For more information, contact:

Ashish Samal – Account Manager, Concept PR

Mobile Number – 9619161477

Email – ashishs@conceptpr.com

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