How is the NSE Contributing to FM Sitharaman's Vision?
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Synopsis
Ashish Kumar Chauhan, CEO of the NSE, recently met with Finance Minister Nirmala Sitharaman, reaffirming the exchange's commitment to her vision for a developed India by 2047. Discover how the NSE’s growth and contributions are pivotal in shaping the nation’s financial landscape.
Key Takeaways
- NSE's Commitment: The NSE is dedicated to supporting the government's vision for a developed India by 2047.
- Investor Growth: The NSE has surpassed 100,000 shareholders, showcasing its significance in the market.
- Financial Performance: A notable YoY growth in income and profit reflects strong operational capabilities.
- Tax Contributions: Significant contributions to the Indian exchequer highlight the NSE's economic impact.
New Delhi, May 21 (NationPress) Ashish Kumar Chauhan, the Managing Director and Chief Executive Officer of the National Stock Exchange (NSE), met with Union Finance Minister Nirmala Sitharaman on Wednesday, expressing that the exchange is determined to be an enabler and a contributor to her vision and mission.
In a post shared on the social media platform X, Chauhan praised FM Sitharaman’s unwavering leadership, resolve, and dedication towards the objective of 'Viksit Bharat'.
“Thank you for your time, Hon’ble FM @nsitharaman. Your unwavering leadership and commitment to Viksit Bharat 2047 under PM @narendramodi motivate us all,” he stated.
Chauhan further emphasized, “We @NSEIndia are determined to be an enabler and contributor to your vision and mission.”
This statement came in response to a post by the Nirmala Sitharaman Office on X, which noted: “Ashish Kumar Chauhan, MD and CEO @NSEIndia, calls on Smt @nsitharaman.”
Recently, the NSE achieved the status of being the largest unlisted company in India, boasting over 100,000 shareholders. This milestone positions the NSE among the few entities in the country to have such a large pool of investors, a feat not many listed companies have accomplished.
The remarkable increase in shareholder numbers is indicative of substantial investor interest in the exchange, which continues to be a cornerstone of the country’s financial ecosystem. The NSE has consistently drawn attention due to its vital role in India’s securities market, serving as a major platform for trading in equities, derivatives, and various financial products.
For the financial year ending March 31 (FY25), the NSE reported a 17 percent year-on-year (YoY) growth in consolidated total income, reaching ₹19,177 crore. Additionally, the net profit for the fiscal year surged by an impressive 47 percent to ₹12,188 crore, according to its disclosures.
Significantly, the exchange contributed ₹59,798 crore to the Indian exchequer in FY25 through various levies, including Securities Transaction Tax (STT), stamp duty, SEBI fees, income tax, and GST.
Point of View
It is crucial to recognize the NSE's pivotal role in India's financial ecosystem. The exchange's commitment to support government initiatives underlines its importance in achieving the broader vision of a developed nation. The collaboration between the NSE and the Finance Ministry is essential for fostering investor confidence and driving economic growth.
NationPress
01/06/2025
Frequently Asked Questions
What was the purpose of Ashish Kumar Chauhan's meeting with Nirmala Sitharaman?
The meeting aimed to reaffirm the NSE's commitment to supporting Finance Minister Nirmala Sitharaman's vision and mission for a developed India by 2047.
How many shareholders does the NSE have?
The NSE has over 100,000 shareholders, making it one of the largest unlisted companies in India.
What financial performance did the NSE report for FY25?
For FY25, the NSE reported a 17 percent year-on-year increase in total income, reaching ₹19,177 crore, with a net profit increase of 47 percent to ₹12,188 crore.
What contributions did the NSE make to the Indian exchequer in FY25?
The NSE contributed ₹59,798 crore to the Indian exchequer in FY25 through various levies, including securities transaction tax and GST.
What is Viksit Bharat?
Viksit Bharat is a vision for a developed India by the year 2047, as envisioned by Finance Minister Nirmala Sitharaman.
