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MCX joins hands with Banasthali University to empower women through financial literacy
Multi Commodity Exchange of India Limited (MCX), India's leading commodity exchange, and Banasthali Vidyapith, 'the world's largest fully residential university for women's education', located in the Tonk district of Rajasthan, have signed a memorandum of understanding (MoU) for supporting financial literacy among women.
The initiative is directed at fostering women empowerment through several efforts toward financial-skill development in managing commodity price risk using modern financial derivatives. Banasthali Vidyapith has over the past 80 years developed into a national centre for women's education and is eager to provide new skillsets to their students.

P.K. Singhal, Joint Managing Director of MCX said in a statement, "This association with Banasthali complements our current objective to carry benefits of the commodity derivatives market to all through financial education. Women's natural skills along with their intuition and analytical prowess can create a formidable workforce, which can support future needs of India Inc., especially in the area of commodity price risk management."

In the statement Harsh Purohit, Dean-FMS-WISDOM, Banasthali Vidyapith said, "This MoU would further provide opportunities to the bright girls of the Vidyapith to excel in corporate roles and foster research and community service as well. We appreciate the role of MCX in the financial ecosystem and are excited to join hands."

Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India's first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India.

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