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Centre for Excellence in Basic Sciences

2007 establishments in MaharashtraEducational institutions established in 2007Research institutes in MumbaiUniversities and colleges in MumbaiUniversity of Mumbai
Use Indian English from August 2015

Centre for Excellence in Basic Sciences (Hindi: मौलिक विज्ञान प्रकर्ष केंद्र) (or UM-DAE CEBS) is an autonomous institute with an affiliation to the University of Mumbai. It was set up in the University of Mumbai by the Department of Atomic Energy (DAE) in collaboration with the university . This institute offers undergraduate science education and research opportunities. It aims at improving the quality of basic science education in the country at the undergraduate level and developing a pool of scientists for the various scientific works of the country. The Institute was inaugurated on 17 September 2007 by Dr R. Chidambaram, Principal Scientific Advisor to the Government of India. In 2016, the institution was granted the status of "Aided Institution" under the Department of Atomic Energy by the Government of India.Dr. Vimal Kumar Jain took over as the Director of UM-DAE Centre for Excellence in Basic Sciences on 18 October 2017 (AN). The founding director of the institute was Prof. Deepak Mathur, Distinguished Professor and former Dean of Tata Institute of Fundamental Research, Mumbai. The second Director of the institute was Prof. Ramakrishna V. Hosur who was also a Senior Professor (Chemical Sciences) at the Tata Institute of Fundamental Research and was, in 2014, awarded Padmashree by the Government of India.

Excerpt from the Wikipedia article Centre for Excellence in Basic Sciences (License: CC BY-SA 3.0, Authors).

Centre for Excellence in Basic Sciences
BKC - CST Link Road, Mumbai Bandra Kurla Complex (Zone 3)

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N 19.070555 ° E 72.85518 °
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Mumbai University

BKC - CST Link Road
400098 Mumbai, Bandra Kurla Complex (Zone 3)
Maharashtra, India
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National Stock Exchange of India

National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai, Maharashtra. It is the world’s largest derivatives exchange in 2021 by number of contracts traded based on the statistics maintained by Futures Industry Association (FIA), a derivatives trade body. NSE is ranked 4th in the world in cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for the calendar year 2021. It is under the ownership of some leading financial institutions, banks, and insurance companies. NSE was established in 1992 as the first dematerialized electronic exchange in the country. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system that offered easy trading facilities to investors spread across the length and breadth of the country. Vikram Limaye is the Managing Director and Chief Executive Officer of NSE. National Stock Exchange has a total market capitalization of more than US$3.4 trillion, making it the world's 10th-largest stock exchange as of August 2021. NSE's flagship index, the NIFTY 50, a 50 stock index is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index was launched in 1996 by NSE. However, Vaidyanathan (2016) estimates that only about 4% of the Indian economy / GDP is actually derived from the stock exchanges in India.Unlike countries like the United States where nearly 70% of the country's GDP is derived from large companies in the corporate sector, the corporate sector in India accounts for only 12–14% of the national GDP (as of October 2016). Of these only 7,400 companies are listed of which only 4000 trade on the stock exchanges at BSE and NSE. Hence the stocks trading at the BSE and NSE account for only around 4% of the Indian economy, which derives most of its income-related activity from the so-called unorganized sector and household spending.Economic Times estimates that as of April 2018, 6 crore (60 million) retail investors had invested their savings in stocks in India, either through direct purchases of equities or through mutual funds. Earlier, the Bimal Jalan Committee report estimated that barely 1.3% of India's population invested in the stock market, as compared to 27% in the United States and 10% in China.