BSE, PHDCCI ink pact for info exchange on unemployment

Leading exchange BSE and industry body PHD Chamber today signed a pact for exchange of information on unemployment and consumer sentiment in India.
The information will be published by PHD Chamber of Commerce and Industry (PHDCCI) on its website and reports circulated to its members.
"It is expected that in future, BSE as well as PHDCCI will be able to create new landmarks by venturing into research in several new areas," BSE said in a statement.
This Memorandum of Understanding (MoU) would enable the students, faculty of PHDCCI and BSE training institute to effectively cooperate in different areas of research, BSE MD and CEO Ashishkumar Chauhan said.

"This is expected to be useful not just to students and research scholars but also the country at large," Chauhan added.
The MoU will help both the institutions to serve their members better with more analytics on the socio-economic indicators, PHDCCI President Gopal Jiwarajka said.
Last year, BSE and leading business information firm CMIE had launched the world's first high-frequency data on unemployment and consumer sentiment.