Demat repository of education qualification certificates on anvil

In an initiative that would help weed out the menace of fake education certificates, leading bourse BSE is working on a repository that will have education qualification credentials stored in a dematerialised format.

The premier stock exchange is already implementing insurance repository that houses policies in demat form.

"We have given a proposal to create education qualification repository so that all education qualifications from kindergarden onwards can be put into that depository and any potential employer or anyone can actually verify the same...," BSE Managing Director and CEO Ashishkumar Chauhan told PTI here today.

Noting that the repository on education qualifications is at an advanced stage, he said that such use of technologies would help in providing better services to the public.

In this regard, the bourse is working with the Ministry of Human Resource and Development.

Already, Central Insurance Repository Ltd -- promoted by Central Depository Services (India) Ltd (CDSL) and its wholly owned subsidiary CDSL Ventures Ltd -- is operational. BSE is a majority stakeholder in CDSL.

Meanwhile, Chauhan said that more investments should be made in productive assets rather than only in gold and silver, among others.

Speaking at a conference organised by Skoch here, he also emphasised on the need for increased financial literacy in the society.