All about Social Stock Exchange.


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Uploaded on Jun 29, 2020

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All about Social Stock Exchange.

All about Social Stock Exchange What is Social Stock Exchange? • Social Stock Exchange is a stage which permits speculators to purchase partakes in social undertakings confirmed by an official trade. • The Union Budget 2019 proposed setting up of first of its sort Social Stock Source: taxscan.in Exchange in India. Finance Minister’s view? • According to Finance minister Nirmala Sitharaman, "The time has come to take our capital markets nearer to the majority and meet different social welfare objectives targets identified with comprehensive development and financial inclusion." Source: Wikipedia Why Social Stock Exchange? • India needs enormous investments in the coming a very long time to have the option to meet the human advancement objectives recognized by worldwide bodies like the United Nations. • This isn't possible through government use alone. Source: HelpAge India The real Struggle • Private enterprises working in the social sector also need to step up which are as of now already very active in India. • However, there are bottlenecks in raising funds. One of the biggest struggle faced is, apparently, the lack of trust from common investors. Source: Pixabay Expected Outcomes • Social Stock Exchange would attempt to give a stage where financial specialists would put resources into social undertakings approved by the trade. Such ventures would need to impart to the open the subtleties of their exercises and interests in a straightforward way. Source: Pixabay Use of Online portal • The exchanges on the Social Stock Exchange would almost certainly be online, on the lines of other stock trades. • No details have been proclaimed by the legislature, aside from the declaration of the proposition. Source: Pixabay Comparison with other nations • In London, SSE is more as a directory connecting social enterprises with potential investors, while in Canada the SVX is an online platform where even retail investors can invest funds. • In India, the finance minister said the Source: Dailybarta exchange will come under the ambit of the Securities and Exchange Board of India. Lack of Clarity • Many fund raisers and NGOs have complained that there are still loopholes in the exchange and things are not properly detailed. • But, if done in a proper way India would be much better served. Source: Pixabay Conclusion • India is a home to in excess of 2 million social enterprises including NGOs, hence the suggestions with respect to posting of the NGOs on social stock exchange need cautious arranging. • While defining the same for India, it is required to have a broad and wary Source: Economic Times methodology as far as its accreditation, valuation and observing. THANK YOU…