BSE, NSE to get protection from central security force

By SiliconIndia   |   Wednesday, 29 September 2010, 10:17 Hrs
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Mumbai: The Central Industrial Security Force (CISF) is going to provide protection to India's premier stock exchanges - the Bombay Stock Exchange and the National Stock Exchange as per the requests by top officials of both the exchanges, report Shailesh Menon and Reena Zachariah of the Economic Times.

According to exchange officials, the requests were made to CISF, which guards strategic installations like atomic power plants, ports, airports, refineries, mints and defense production centers, in the wake of recent terror threats in Mumbai.

CISF is currently evaluating the request and it will do a security audit on the exchange premises before taking it up, said a CISF spokesperson. Both exchanges together register an average daily turnover of around 1.25 lakh crore and contribute significantly in the form of securities transaction tax.

CISF will also have to set up infrastructure to man the exchange, apart from security audit. CISF will provide security cover for BSE. This will be in addition to tie-up with local police and our own security staff, according to a BSE official.

With over 1 lakh jawans under its fold, CISF provides security cover to over 250 installations across the country, including Tata Steel (Jamshedpur plant), SEBI headquarters, Vidhana Soudha and Electronics City in Bangalore.

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