It calls for a 15 basis point cut in the interchange fee on card payments and that issuing banks deposit 5 basis point in the acceptance development fund
Also, there is a need to make sure that people are protected as much as possible both legally and technologically, he added
Addressing India Inc, Nilekani also warned of a major requirement of change in attitude to cope with transformations currently underway in most sectors
Three-member high powered committee would suggest reforms to the government bodies, which conduct competitive examinations like the SSC, as there are several cases of questions paper leaks
Fundamentum Partnership Fund-I has a targetted corpus of $100-125 mn
The firm has started looking out for potential investments in the growing start-up space in India
Nilekani said the data available in the GST system could be the basis of credit.
The Giving Pledge is an elite network of the world's wealthiest individuals committing half of their wealth to philanthropy
The Infosys chairman and his wife Rohini Nilekani have joined the 'Giving pledge' movement, initiated by Microsoft founder Bill Gates and Melinda Gates
Ekstep will be the technical partner with its open knowledge platform
SES explained that Murthy was able to get "his people" appointed on the Board, forcing exit of other directors
He comes under the promoter category and personally holds 0.93% stake in the company
He should be able to settle the issues between the board and the co-founders amicably
Govt should take data security concerns seriously
The need for the law was felt after WhatsApp changed its policy of non-sharing of data for its users
More people will set up centres in India and access local human capital, he says
Nilekani launched uPOS, a solution where merchants can accept payment using UPI, from Federal Bank
Invests $50 mn in 11 entities in just over a year, commits $25 mn more; prefers putting money in firms trying to solve India-specific problems
It is just a matter of time that the lending exercise explodes in the country
He also said that GST should be drafted keeping in mind to simplify ease of doing business