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Chennai Stock:NSE CEO talks about Indian economy, market and other issues

NSE CEO talks about Indian economy, market and other issues

India’s capital market is considered one of the most complete and stable markets in global supervision.As far as the number of transactions is concerned, the National Stock Exchange (NSE) is among the best global.Ashishkumar Chauhan, a 55 -year -old managing director and CEO of NSE, hopes to focus on the exchanges to play a greater role in the development of the overall economic development of India.Chauhan is an alumni of the Indian Institute of Technology (IIT) and the Indian School of Management (IIM). He led the Indian Stock Exchange (BSE) and the Indian Stock Exchange (NSE).Chauhan said in the interaction with the Sourav Majumdar and Ashish Rukhaiyar in the Business Today that India’s exchanges are working together to guide more household savings to the financial assets, although they continue to make investors aware of risks.

Question: Due to the comprehensive impact of geopolitical and macroeconomic factors, the Indian economy is facing many unfavorable factors.What do you think?Chennai Stock

Answer: The war is constant, and inflation is also intensifying.In some ways, India has done a good job compared to most other economies.India’s currency is also one of the currencies that have performed well than the US dollar.This clearly shows that some things have changed in the past eight to ten years.India has been considered one of the "fragile five countries"; now this term is not used to describe us.Our service export helped us to a large extent. In some ways, this is the future of India and the future of the world.The world is developing in the direction of intangible service and intangible experience, while India is at the forefront.But in the short term, there may be many ups and downs.The current government has been able to create a buoyancy of taxation through the automation of commodity and service tax.It has established a lot of soft infrastructure.It will allow India to go far in self -management, and to make the Indian people prepare for future wealth creation, growth, cohesion and integration.

Q: Do you think India’s digital public infrastructure (DPI) has become a key factor in changing the rules of the game?

Answer: The soft infrastructure I refer to is DPI.In some ways, NSE is the pioneer of DPI in India.DPPI help India has become important internationally, and has also increased the threshold for capital formation and providing information.Our regulatory agencies also play an important role in the ecosystem because their methods are forward -looking.In terms of corporate governance and investor protection, we are the best in the world.Since independence, this is the first time that we have not been around the environment.India has developed greatly in thinking ways.

Q: Where is the large plan of the securities exchange in economic development?

Answer: Our job is to serve as a front -line regulatory agency and also provide services for stock transactions.These are two major tasks, one of which provides liquidity and the other creates trust.In any economy, the main function of the exchange is to provide clean, clear prices, and clear and real information to make the market active and efficient.Our job is to obtain information from the company and quickly publish to ensure the smooth progress of transactions, liquidation and settlement.But because people think that we are authoritative and supervisors, they attribute many of our power to us.Today’s young investors have more money to spend, which creates demand.They also have more money to invest and save. This is where we need to help instill better investment behaviors, which will enable them to save retirement and children’s education.This is the responsibility of any exchange or regulatory agency -to indicate the right direction for them and formulate regulatory regulations when necessary to promote them.

Q: How to use more savings for investment?

Answer: Establishing consciousness is very important. Between the existing exchanges, a large number of investor awareness promotion activities will be carried out every year.More importantly, it is also about examples.Investors who follow discipline and abide by the regulatory framework can make money.When society see these examples, they want to imitate them.Today, we have more than 80 million investors.When I joined the industry about 30 years ago, there were almost 2.5 million to 3 million investors.As a society, even if we pay more attention to socialism, pay more attention to banks, and do not pay attention to the market, but market capital allocation accounts for one -third of our wealth.This clearly shows that more and more people come to the market.As a exchange, our goal is to ensure that we provide them with safer tools, especially when they enter the market.Therefore, we have promoted a common fund and investment portfolio management services with professional knowledge.

Q: How do you think of Indian companies in terms of ESG?

Answer: Whenever new regulations are introduced, the company will obey in different ways, which will inevitably depend on their preparation.Overall, Indian companies basically abide by all regulations.In fact, compared with some developed markets, many of our regulations are far ahead.For example, women’s representatives in the board of directors, as well as contributing part of the profit to corporate social responsibility, and so on.Our policy makers and regulators are being implemented quickly.

Question: When you join NSE, it is facing problems in governance.What are you sure of the key areasGuoabong Wealth Management?

Answer: First of all, don’t lose attention to the purpose of exchangePune Wealth Management. This is a social purpose.It is then committed to the formation of capital to increase the trust of the company’s trust in the company; as well as the convenience of financing and security transactions.If India grows, the exchanges will become the fulcrum of its growth, because funds must be raised, and people need to obtain information and investment. They must have the ability to deal with corporate governance and in a safe and supervised environment.In addition, there will be more and more tools, such as electricity, bond futures or carbon transactions.Our work will be the front -end regulatory agency and do not ignore key areas.Exchange is also a public cause. As a public cause, no one cares how much money we make.What people care about is whether you can manage the company’s corporate governance, whether the transaction is carried out without any fear or worry, which will remain unchanged for centuries.The exchanges make trust for all stakeholders.

Question: Considering the problem around NSE, do you think it will be the biggest challenge you are facing?

Answer: As far as achievements are concerned, I think the establishment of the Indian National Economic Research Institute is my greatest achievement.In contrast, everything else is dwarfed, because everything it does to India surpass everything else.This is the country’s first DPI.When I had the opportunity to return to NSE, some people were worried, but someone had to do this job.

Question: Considering the financial situation of NSE, it is not an exaggeration to say that it is a blue chip company.In this case, when will NSE go public?

Answer: It is difficult to predict when to be available, because SEBI (Indian Securities Exchange Commission of Market Supervision Agency) must make a final decision on this.Our job is to operate the exchange as a exchange.Focus on re -return to governance and its core functions and investor services, while promoting the company’s raising funds and becoming a place where the public benefits.We have had technical problems in the past, but in the past year and a half, although the number of transactions has doubled more than doubled, no technical problems have occurred.

Question: Do you think Crazy Bull disease is a competitor?

Answer: Society needs more participants, we account for 17%of the global population.In the West, the exchange has become a business.In India, the government or regulatory agencies do not consider exchanges as enterprises.We are public infrastructure, we must serve the public interest ..Agra Wealth Management. NSE and BSE are not competitive, because the company is listed in the two cities. The same set of regulations is suitable for both.of.There are many cooperation, and the competition will only be 0.001%.

Question: As far as the number of trading contracts is concerned, NSE is already the world’s largest derivative exchange, but it still hopes to extend trading time.Is this really a need?

Answer: We are the first automatic exchanges. Although we only traded for two hours in the past, the trading activities were carried out throughout the day.Over the years, our transaction time has increased, and the transactions in other parts of the world have been automated since the transaction time, and their daily trading hours are now more than 20 hours.Technology allows us to increase trading time, which is in line with the interests of investors, not just the interests of traders.Yes, there is a cost cause, we have sent the proposal to Sebi.

Question: A analysis of the Indian Securities and Exchange Commission (SEBI) shows that although the derivative sector has grown in index between fiscal 1922, most of them have suffered losses.

Answer: Derivatives are high -risk lever tools. If you are not an expert, you should stay away.As a exchange, our job is to make people realize this, so we have done a lot of activities.Although we are a company or a company, our responsibility is responsible for society.Savings are precious because it can take care of future families, so investors participating in the tools they understand is important. From their risk point of view, it is safe and suitable for them.

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