Ending speculation about his foray into politics, billionaire Infosys co-founder and head of Aadhar programme Nandan Nilekani on Friday said he would join the Congress and was ready to contest the Lok Sabha polls.
Nilekani has been maintaining silence on reports about his political plans, which has gained more currency after the KPCC reportedly shortlisted his name among the three probable candidates for Bangalore south recently.
Reserve Bank Governor Sanjay Malhotra on Wednesday exhorted the fledgling fintech ecosystem to focus on the underserved sections of the society to deepen financial inclusion. Speaking at the annual Global Fintech Fest in Mumbai, Malhotra accepted that serving the "privileged" will be a lucrative business, but urged the smaller companies to focus on the underserved.
The award will be presented to Nilekani by Yale University president Richard C Levin at the Yale CEO Leadership Summit of The Chief Executive Leadership Institute.
By bringing in service accessibility, the unique identification project will result in rural transformation, said Unique Identification Authority of India (UIDAI) Chairman, Nandan Nilekani on Thursday.
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
Once a star programme of the government, the UID has become everybody's favourite whipping boy.
As many as 11 people, including members from the influential Nilekani, Bajaj and Godrej families, were honoured for their outstanding contribution towards the good of the society at Forbes India Philanthropy Awards.
The 'Aadhar' unique identification number will enable inclusive growth and development for the deprived and will act as an instrument of social inclusion, UIDAI chairman Nandan Nilekani said.
The move to set up the UID Authority of India, under the aegis of the Planning Commission, is aimed at providing a unique identity to the targeted population of the flagship schemes to ensure that the benefits reach them, information and broadcasting minister Ambika Soni told reporters here after the Cabinet meeting.
The UID will be used just for verifying someone's identity. It would be a 'yes', 'no' kind of an exercise. If someone's identity needs to be verified, only then these numbers will come in handy, says the UIDAI boss.
The co-founder of Infosys said that they plan to start issuing UID number within 18 months time.
Nilekani proposes centralised PDS network, model PDS software for transparency.
Infosys Technologies on Friday said it would bid for multi-crore rupee projects under the Unique Identification Database Authority, which would be headed by the company's former co-chairman Nandan Nilekani, as it sees no conflict of interest.
IT services provider, Infosys Technologies, is likely to effect certain management changes amid industry speculation is rife that Nandan Nilekani, co-chairman, may relocate to the US for professional and personal reasons.
Infosys Chairman N R Narayana Murthy and its CEO Nandan Nilekani have been named as Asia's Businessmen of the Year 2003 by international business magazine Fortune.
Leading the ambitious Unique Identification Database project, Nandan Nilekani, former Infosys co-chairman, is keen to take the "best people" from the government and outside in his core team.
Chandrajit Banerjee, director general, CII said: "This move will bestow the benefits of information technology to the common man and will also help establish citizenship, thus enhancing security at various levels. This would further bring transparency in different delivery channels, help in mapping diverse requirements of the nation and, in turn, assure better planning and strategisation for the country."
The Unique Identification Number, renamed as 'Aadhaar', would be issued soon to Indian residents, Nandan Nilekani, chairman of Unique Identification Authority of India (UIDAI) said on Wednesday.
'Binary fission will happen -- startups will lead to more startups.'
With the Rs 7,800-crore (Rs 78 billion) fraud at Satyam Computer leaving India's IT sector gasping for breath, Infosys chairman Nandan Nilekani sees the fiasco as a blessing in disguise, as it will make authorities enforce better regulations and auditing mechanisms for the industry.
Philanthropist and writer Rohini Nilekani has invested across sectors such as education, environment and sanitation.
Infosys CEO S Kris Gopalakrishnan on Wednesday said that the IT major was looking at acquisitions in various geographies and has earmarked $450-500 million for the purpose.
Nandan Nilekani, chairman of the Unique Identification Authority of India, on Friday sought the help of researchers in solving the 'massive computational challenges and problems' in the implementation of the UIAI project.
The Bharatiya Janata Party on Friday filed a complaint with the Election Commission against the LIC seeking a ban on its new scheme in Bangalore, alleging it is aimed at propagating the Aadhar card and helping Nandan Nilekani who is contesting Lok Sabha elections from there.
In an interview with Sanjay Jog, Unique Identification Authority of India chairman Nandan Nilekani explains the objectives of the UID scheme and its challenges.
Nandan Nilekani complimented RBI on granting licenses to payments banks, calling it 'a great revolution'.
Nandan Nilekani, chairman of the Unique Identification Authority of India, is the latest to join a host of politicians taking to austerity and is likely to shift to the modest Karnataka Bhavan here from a 5-star hotel.
According to sources, the task force made a separate presentation on fertiliser, LPG and kerosene, covering issues like existing subsidy regime and the proposed new model.
A draft bill on the Unique Identity Project would be made public within the next one month, chairman of UIDAI Nandan Nilekani said on Tuesday. "We need an Act to govern a regulatory body like UIDAI. The draft of the Act will be put for public discussion in the next four weeks," he told reporters on the sidelines of a Confederation of Indian Industries function in New Delhi.
Linking businesses with account aggregator (AA) network -- a financial data sharing platform -- will help small entrepreneurs get easy access to credit and create millions of jobs, Infosys Technologies co-founder and chairman Nandan Nilekani said on Tuesday. He made the remarks during a session at the 'GSV + Emeritus India Summit' event in Gurugram. In the Budget for FY24, the government said that the GST system could join the account aggregator network, which means that every company in the GST system can ask for its data back which includes their tax filings and invoices, Nilekani said.
Nandan Nilekani and Ajay Banga attended the Clinton Global Initiative.
At least 60 crore people would get their Unique Identification Numbers (UIDs), a much-touted initiative of the government, in the next 4-5 years, its project chief Nandan Nilekani said.
I would prefer a government that is stable and progressive, a government that takes quick decisions, a government that is much more oriented towards creating jobs, and one that attracts a lot of foreign investments, says N R Narayana Murthy.
I think instead of waiting for leaders, each of us can resolve to be a leader in his or her own right, in whatever area we chose to do.
Nandan Nilekani, chief executive officer of IT major Infosys Technologies will be among the world's most prominent business leaders who will address the prestigious 'Fortune 2005 Global Forum' to be held in Beijing from May 16-18.
The curtains are set to come down on one of India Inc's most celebrated succession dramas.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
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