It costs the Unique Identification Authority of India (UIDAI) Rs.100 to generate each 'aadhaar' number, which will help address the challenges of inclusion, the authority's chief Nandan Nilekani, said here Thursday. It costs the authority Rs.50 to enrol each individual for the Unique ID (UID) and another Rs.50 on back-end costs, he said. In his address at the annual Rajinder Mathur Memorial Lecture here, Nilekani said that the aadhaar number will help...
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Government asks banks to submit MFI loan, NPA data by Manojit Saha
Two months after the crisis in the microfinance industry broke out, resulting in the possibility of bank loans to the sector becoming non-performing, the government now wants to do a reality check. Last evening, the finance ministry dashed off a letter to public sector banks, Small Industries Development Bank of India and National Bank for Agriculture and Rural Development, asking them to furnish data on how much exposure they have to...
More »Indian professors developing authentication system through speech recognition by Bikash Singh & Debjoy Sengupta
Scenario I: An illiterate person walks into an ATM, utters his password in Bhojpuri to withdraw money. Or a labourer working under the National Rural Employment Guarantee Act (NREGA) speaks his voice signature to mark his attendance for the day. Scenario II: The door at a top-secret Indian defence establishment open son a voice recognition system that allows only certain officials access to the premises. If you think this is stuff out...
More »Indian State Empowers Poor to Fight Corruption by Lydia Polgreen
The village bureaucrat shifted from foot to foot, hands clasped behind his back, beads of sweat forming on his balding head. The eyes of hundreds of wiry village laborers, clad in dusty lungis, were fixed upon him. A group of auditors, themselves villagers, read their findings. A signature had been forged for the delivery of soil to rehabilitate farmland. The soil had never arrived, and about $4,000 was missing. The...
More »Rural India's swift digital TV embrace by Sharmistha Mukherjee
Digital TV penetration in Rural India is three-fold higher than in urban areas, says a report compiled by the Indian Readership Survey (IRS) on the pay TV sector. Though nearly 80 per cent of households in urban areas have television sets, more than double the 38 per cent in rural areas, the adoption of technology has been much faster in the latter. Digital TV penetration is 34 per cent in rural...
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