⇒ Union Finance Minister, Smt Nirmala Sitharaman addressed the Silver Jubilee Celebration of India’s largest depository, National Securities Depository Limited (NSDL), in Mumbai on 07th May 2022.
- NSDL is India’s first and one of the leading Central Securities Depositories in the world.
Market Ka Eklavya:
As part of the celebration the Finance Minister launched ‘Market ka Eklavya,’ an online investor awareness program for students in Hindi and other regional languages.
- ‘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 Finance Minister also released the ‘My Stamp’ and special cover, honouring NSDL’s contribution to the development of Indian capital markets.
DLT Blockchain Technology:
Chairperson, SEBI, Madhabi Puri Buch unveiled NSDL’s Distributed Ledger Technology (DLT) blockchain platform for Debenture Covenant Monitoring.
- Aimed at ensuring total transparency, the DLT Blockchain is to bring issuers and debenture trustees on a common ground to record asset charges as well as monitor the asset cover ratio and various covenants of the issuance, transparency in the debenture market.