New Delhi, Aug. 11 -- The capital markets regulator Securities and Exchange Board of India has introduced a young professional (YP) programme in which twenty-somethings will be hired for one to three years to assist the SEBI Board in matters relating to the securities market and information technology.

The 50 young professionals will be posted in Mumbai and receive a stipend of Rs.70,000 per month. They will be hired for a year and offered two extensions of one year each.

However, they will not be considered SEBI officers or employees. Also, they will not be entitled to any compensation or employment in SEBI in the event of death, illness or injury during their tenure.

Young professionals may be assigned projects or work of a non-confi...