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With an aim to promote financial literacy among students, Mandsaur University today said it has signed a memorandum of understanding (MoU) with Multi Commodity Exchange of India Limited (MCX).This is the tenth MoU signed by MCX with various educational institutions, the initiative is directed toward imparting education on commodity price risk management and derivatives market, and will foster empowerment of the students through several efforts toward financial-skill development,said the statement. Mrugank Paranjape, MD and CEO, MCX said, "A university is the best place to tap young minds and open before them the boundless possibilities of commodity derivatives market by helping them acquire the required skillsets. Going by the industry- oriented approach of Mandsaur University, one of the well-known private universities in central India, MCX is sure that this synergy will add to its outreach and capacity development efforts in a large way."Narendra Nahata, Chancellor, Mandsaur University said, "Financial markets have significantly contributed to the development of the Indian economy and so has MCX in playing a pivotal role in developing commodity markets in India. We believe that current knowledge, its application, creativity, teamwork, leadership skills and the lifelong ability to learn are most critical.''It shows the exchange's commitment toward financial literacy in commodity derivatives and its endeavour towards a broader reach. Keeping that in mind the exchange also offers the flagship MCX Commodity Certified Professional programme examination in three languagesGujarati, Hindi, and English,the company stated. UNI RN ASH 1719
-- (UNI) -- C-1-1-DL0311-785387.Xml
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