PM to launch Web sites for investor education

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Dr Manmohan Singh
Dr Manmohan Singh

Our Bureau

New Delhi, Dec. 11

The Prime Minister, Dr Manmohan Singh, will launch investor education Web sites in all regional languages on December 14. This initiative will be part of the week-long ‘India Corporate Week 2010', which will be inaugurated by the Prime Minister on the same day, a top Government official said.

The effort is to enable more common investors to participate in the capital market, Mr R. Bandyopadhyay, Secretary, Ministry of Corporate Affairs, said at a seminar on corporate governance, organised by the Indo-American Chamber of Commerce (IACC) here.

With literacy levels being low in Indian society, it is being felt that investor education Web sites in regional languages will help increase awareness among common people. The Corporate Affairs Ministry has been holding investor awareness programmes across the country. This year saw a ten-fold increase in number of such programmes to over 3,000 from the last year level of 300 programmes.

Mr Bandyopadhyay also made it clear that the investor education programmes were providing only general investor education, but not advising them in terms of specific names of companies in which money could be invested.

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(This article was published in the Business Line print edition dated December 12, 2010)
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