Toll collection is a key instrument for the government to attract private investment.
The Income Tax department and the Unique Identification Authority of India have agreed "in-principle" to come together for rolling out PAN cards with unique 16 digit Aadhaar number.
The Unique Identification Number will bring in mobility, choice, transparency and accountability at the doorsteps of the common man, UIDAI Chairman Nandan Nilekani has said.
Professional services firm Ernst & Young bagged the contract from UIDAI to become consulting partner for the project.
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.
According to reports, an anonymous group that calls itself "ethical employees" have written to the Infosys Board as well as American regulator US Securities and Exchange Commission with the allegations. They have claimed that they have emails and voice recordings to substantiate the same.
Nothing is more effectoive than a quiz session to unclog your mind.
While Team Indus had backing from Nandan Nilekani, Ratan Tata and Flipkart founders Sachin and Binny Bansal, it could not even muster half of the Rs 4.5 billion it required for the mission to the moon.
Infosys co-founders N R Narayana Murthy and Nandan Nilekani along with their family members on Monday sold shares worth Rs 6,484 crore in the country's second largest software services firm.
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 Supreme Court on Thursday asked the Sebi to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a panel to look into protection of Indian investors after a damning report by a US short seller wiped out more than USD 140 billion of the conglomerate's market value. The top court while directing the setting up of a six-member committee headed by former apex court judge Justice A M Sapre for the assessment of the extant regulatory framework and for making recommendations to strengthen the process said it was appropriate to set up such a panel of experts in order to "protect Indian investors against volatility of the kind which has been witnessed in the recent past". The court-appointed Justice Sapre panel, which will be provided assistance by the Centre and other statutory agencies including the Sebi chairperson, will have to submit its report in a sealed cover within two months, said the bench which comprised Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
The Supreme Court on Thursday ordered setting up of a six-member committee headed by former apex court judge Justice A M Sapre to investigate the recent Adani group shares crash triggered by the Hindenburg Research's fraud allegations and other regulatory aspects related to stock markets.
He said so far only 3 million people have been covered in the country since the project was launched by the Centre.
Officials said the website would work as an interface between the public and the office, with information on all developments being put up on the site on a regular basis, including committee reports and all important decisions taken.
Infosys Technologies Ltd expects to find acquisition opportunities in the US during the downturn, co-chairman Nandan Nilekani was quoted as saying on Friday. "Acquisitions will definitely be very accessible in this market from a price point of view," Nilekani told the Wall Street Journal in an interview. "If it makes sense, we'll do it."
The co-founder of Infosys said that they plan to start issuing UID number within 18 months time.
The statement came after a media report saying that the finance ministry had slashed the authority's budget from Rs 7,000 crore (Rs 70 billion) to Rs 3,000 crore (Rs 30 billion).
"The UID project involves huge database. We at Yahoo have expertise in handling such huge amount of data. We met the PM today morning and discussed, among other things, how Yahoo can help the government in the project."
A dedicated team makes sure the information technology brand grows from strength to strength. Here's how
IITians need to play a larger role in nation building and contribute to society. This could vary from mentorship, creation of jobs and broader wealth creation, said Nandan Nilekani, co-chairman and co-founder of Infosys Technologies Ltd, during the weekend.
Andhra Pradesh Chief Minister K Rosaiah has requested the Unique Identification Authority of India (UIDAI) to include the state for the pilot project 'Aadhar' as it was ready with the resident data.
The Government's ambitious unique identity project aiming to give a 16-digit number to all citizens of the country was renamed 'AADHAAR' and its new logo unveiled.
Nandan Nilekani is stepping down to take up a bigger cause -- heading a government project to provide a unique identity to each of India's citizens. S Gopalakrishnan, the CEO and MD of Infosys and a co-founder of the company, tells Bibhu Ranjan Mishra what Nilekani's exit means for the company.
The government on Friday proposed a nearly 16-fold increase at Rs 1,900 crore (Rs 19 billion) for Unique Identification Authority of India (UIDAI) headed by Infosys founder Nandan Nilekani.
The event took off with an introductory speech by Dr Ajit Ranade appreciating the achievements of IIT Bombay. Among the other speakers were Dr Anil Kakodkar, chairman of the board of governors, IIT-B, Infosys chief Nandan Nilekani and Prof. R K Shevgaonkar, deputy director of finance and external affairs and the co-chairman of the IITBAA.
Nandan Nilekani, erstwhile CEO and a founder of Infosys Technologies Limited, who is currently co-chairman of its board of directors, offered a peek into his forthcoming book Imagining India, which he said attempts to alleviate a gap in understanding India, while delivering the kick-off Global Leader Lecture at Johns Hopkins University's School of Advanced International Studies.
Indian telecom czar Sunil Mittal and NRI businessman Anil Agarwal are among the four Indians featuring in the list of '48 Heroes of Philanthropy' compiled by business publication Forbes.
Speaking to reporters after signing up with Sistema Shyam Teleservices (which offers phone services under the 'MTS' brand) to offer e-recharge services at 50 post offices here, Chennai City Region post master general M S Ramanujan said DoP has over 1,50,000 points of presence and about 25,000 offices across the country, a majority of which are located in the rural parts of the country.
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.
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.
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.
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.
The department of telecom will meet UIDAI chairman Nandan Nilekani on Sept 24 to discuss how the database of nearly 500 million telephone subscribers can be used for issuing the unique identification number.
Nearly two months into his new job as the head of the Unique Identification Authority of India, Nandan Nilekani says the real beneficiary of the project will be the poor who have no identity at present.He is in a hurry because "the next 12-18 months are very critical in getting this project off the ground," by when the first set of identity numbers will be issued. If all goes well, five years from now the UID data base will cover a few hundred million people.
The Unique ID card project, headed by Nandan Nilekani, is drawing interest from across the world because of the sheer scale of the project.
As the demand and costs for computing power soar, a core team at Infosys is undertaking a series of green IT initiatives that could help in raising the bar for green IT practices in the country.
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.
The first set of unique identification numbers will be issued to the citizens within 12-18 months, high-profile IT expert Nandan Nilekani said soon after taking over as the head of the newly-created Unique Identification Database Authority of India (IDAI) on Thursday.
Nilekani, who has been appointed by Prime Minister Manmohan Singh to head the National Authority for Unique Identity, has been in the news for providing a unique identification number to all Indians.
IT company Infosys on Monday said it will prefer a flexible "hybrid" work model going ahead in view of uncertainty around the pandemic situation and allow employees work from home or office depending on the condition. At a conference held virtually, Infosys CEO and managing director Salil Parekh said the company has built a flexible model to facilitate work from home but it is now time to start working on building "social capital". Parekh said that going forward the company will focus on putting in place a hybrid work model as it will depend on how the situation evolves.
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