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| CSO
With Partners |
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‘Sahyog’ - Partnership with Tata
Power |
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As
part of its strategy to
take the benefits of futures
trading to farmers’ doorstep
and reach out to every corner
of India, Multi Commodity
Exchange (MCX), India’s
leading commodity exchange
has signed a Memorandum
of Understanding (MoU) with |
Tata Power Company Limited
(TPCL), India’s largest
integrated private power
company. Through this alliance, the
benefit of futures price
information will be spread
to farmers across 25 villages
of Maharashtra where Tata
Power has its project and
CSR activity. The joint
CSR initiative is named
as ‘Sahyog’ (Partnership).
The key objective of this
alliance is to develop alternate
process for farmers to access
market information and advisory
services along with dissemination
of spot and futures prices
of agricultural commodities,
availing of which they could
get the best price for their
produce.
Under this project, MCX
will conduct capacity and
awareness building programs
for farmers, provide all
the study material and support
for price information dissemination
& other related activities.
Tata Power will appoint
village level representatives
to disseminate information
and will make sure the information
is updated and continued
even after the project is
over. |
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Partnership with Indian Oil Corporation Limited (IOCL) |
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| The MoU was signed by Mr. Lamon Rutten, JMD, MCX and Mr. K. R. Suresh Kumar, GM – Retail, Indian Oil Corporation (IOC) on 27th March 2008 to disseminate price information about commodities among farmers. IOC agreed to place boards that contain price and other information about commodities traded on MCX at its petrol pumps to benefit farmers. |
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Pragati – partnership with Rotary International |
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| Rotary International and MCX launched 'Pragati' - a joint CSR project on January 13, 2007. 'Pragati' envisions creating empowerment through education and awareness, thereby achieving economic growth in the rural areas. This initiative will drive awareness on economic significance of futures trading, dissemination of futures prices, scientific warehousing, warehouse receipts, warehouse receipt financing, grading, good agricultural practices and quality standards. |
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M S Swaminathan Research Foundation (MSSRF) |
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| The MCX - MSSRF partnership reaches out to farmers across the Southern region of India through the MSSRF network of 38 Village Resource Centres (VRC)/ Village Knowledge Centres (VKC). The premise of the VRC is to harness local knowledge in an interactive media and reach out to farmers. MCX has committed to providing these centres with future and spot price information. |
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The Energy Resources Institute (TERI) |
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| MCX has partnered with TERI to set up the kiosks at Supi (Mukteshwar) and Sahiya (Dehradun). The objectives is to give computer education to the local people and children, and give framers suggestions regarding their queries related to crops. |
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Cardinal Edge |
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| MCX has partnered with Cardinal Edge (CE), a Management Consulting Organization that provides consultancy and project execution in rural development domain with strong functional skills (like issues of risk management). With MCX, CE has explored ways to establish linkages and demonstrate ways in which farmers can participate on the futures exchange. |
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"Mempaduthuthal" a MCX-DHAN Price information Initiative |
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With an aim to reach out to its stakeholders, MCX has been taking various initiatives to disseminate exchange traded commodities price information. In this endeavour, MCX has partnered with Development of Humane Action (DHAN) Foundation who works to make significant changes in the livelihoods of the poor through innovative themes and institutions.
"Mempaduthuthal" is an initiative between DHAN and MCX to create Market linkages and awareness on spot and MCX future price as a value add to DHAN service offerings for the farmers in selected DHAN villages. It is proposed to provide the Agriculture Market Information and online trading information to farmers through various DHAN Programme through SMS, Black board. The objective is that the small and marginal farmers with whom DHAN is working is already organized in the form of associations and federations who can make of the market information and online trading and thus gain knowledge and reap better incomes from the agriculture. This also could contribute to the objective of stabilizing the incomes from agriculture. |
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Top 
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For Latest commodity futures prices, SMS “MCX
<space> <Commodity
Name>“ to 58888 |
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