Latest news with #Meity
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Business Standard
4 days ago
- Business
- Business Standard
Govt open to China joint ventures in electronics manufacturing sector
Meity allows Dixon-Longcheer venture Aashish Aryan New Delhi Listen to This Article The government is open to the idea of more Chinese companies setting up operations in India by forming joint-venture partnerships with domestic companies, especially in the electronics manufacturing sector, due to the country's significant influence in the sector, a senior government official said. 'In the electronics sector, 60 per cent of the manufacturing capacity is in China, and we want to grow our manufacturing in that area. So, some kind of work with China is something we can't avoid. We have to be strategic about what we do and how we do it, but it has to be done,' the
Time of India
17-07-2025
- Business
- Time of India
UIDAI is working on simplifying offline Aadhaar for citizen KYC
Academy Empower your mind, elevate your skills The Unique Identification Authority of India (UIDAI), which manages the Aadhaar database, is working to strengthen the offline identity verification service for citizens, with an aim to make it further secure and user-friendly and encourage more financial services players to adopt it, two senior bankers in the know is seeking to strengthen and regulate the process to allow citizens to complete the Aadhaar-based customer identification, or know-your-customer, process of service providers without disclosing their Aadhaar number or personal details, they said. The current methods of electronic, biometric and offline KYC require the customer to share the Aadhaar number or be present in person at the service provider for KYC processes at many fintech firms and non-banking lenders were affected in June when the UIDAI and the Ministry of Electronics and Information Technology (Meity) blocked the websites of multiple startups for alleged unauthorised access to the Aadhaar database. Even food delivery and ecommerce startups, which used Aadhaar for the verification of gig workers and blue-collar employees, faced disruption in their onboarding process.'There have been multiple rounds of conversations, and UIDAI has made it very clear that consumers will be able to use offline Aadhaar-based KYC without any need to share their Aadhaar number or personal details,' said one of the bankers. The government-backed authority has also clarified that the verification should be done strictly with consent from the communications have happened between UIDAI and authorised agents: Aadhaar Authentication Agencies and KYC User Agencies. ET reported on July 7 that startups facing disruptions in their onboarding services were evaluating writing to Meity for explicit permission to access the Aadhaar did not respond to ET's request for a bid to make this verification process more popular, UIDAI will promote QR codes and PDF files beyond the original XML data that customers currently need to download from the UIDAI website for offline KYC, the second banker said. This is expected to make it easier for customers to manage these documents and complete their KYC more the authority has specified that offline Aadhaar-based KYC can be completed without any biometric authentication or one-time password (OTP). With more clarity, there is now an expectation that more banks and financial services companies will start using offline Aadhaar KYC for their customer verification, the second banker said. 'Startups can act as service providers on top of authorised agencies like Protean e-Gov and NPCI,' he National Payment Corporation of India (NPCI) offers a platform called eKYC-Setu, which provides electronic KYC services. While this service initially started with banks, in March, NPCI informed its network participants that companies regulated by the Insurance Regulatory and Development Authority of India, Pension Fund Regulatory and Development Authority and the Securities and Exchange Board of India can also start using this service.E-KYC using an OTP was one of three mechanisms that the UIDAI enabled for regulated entities after the Supreme Court in September 2018 restricted private companies' access to the Aadhaar database. It involves sharing the Aadhaar number and pinging the UIDAI database for verification, a process typically followed by banks, insurance companies and other two were biometric-based, which requires the customer's physical presence, and the offline method where the customer shares an XML file that could be decoded and used for verification.'The problem was with the offline method, where many startups were providing this verification service through unauthorised means. UIDAI is coming down hard on players who are offering non-compliant offline KYC flows,' said the founder of an identity verification of identity verification startups that offer these services are exploring opportunities to become service providers on top of the regulated authentication agencies, so they can continue providing this service in a compliant Kothari, chief executive of Zoop, a Pune-based identity verification startup, told ET that there are alternative KYC solutions available, such as NPCI's eKYC-Setu, Sub-AUAs, and the government partner programme. His company facilitates these technology solutions through partnerships.'We presented our position to the appropriate government committee, including Meity, and after due verification, our website was restored within two weeks,' Kothari said regarding the government action in June when Zoop's website was partially blocked by the government. Other startups that faced similar action at that time included Signzy, Digitap and Surepass.
India.com
11-07-2025
- Business
- India.com
BIG shock to China after recalling workers from Foxconn iPhone plant, India says opportunity for..., Apple now plans to...
File The Indian government has stated that the departure of 300 Chinese workers from the Foxconn plants in south India will not affect the manufacturing of iPhones in the country, even as the senior official from the Ministry of Electronics and Information Technology (Meity) said called it an 'opportunity' for Indian engineers. Why Meity called it an opportunity? A senior official from the Ministry of Electronics and Information Technology (Meity) said 'I would look at it more as an opportunity. If the workers want to go back, it's between the company and the workers. They will have to make arrangements to ensure the work continues — production won't be impacted. We facilitated their visas'. The official noted that Apple has alternatives but the primary responsibility lies with the company to ensure that the manufacturer doesn't impact production. How iPhone sales could be impacted? Foxconn operates iPhone manufacturing plants in India's southern states of Tamil Nadu, Karnataka, and Telangana, and its estimated that iPhones worth $14 billion, were assembled in India in the 2024-25 fiscal year, which means that one out of seven iPhones sold across the world carries a 'Made in India' tag. Thus if the iPhone plants in India slow down manufacturing due to any reason, including the departure of Chinese engineers, it would drastically impact sales of the Apple flagship across the globe. When did iPhone manufacturing kick off in India? While a decade ago, iPhone manufacturing in India was practically negligible Apple began to assemble iPhones in the country from 2017 with newer models now being manufactured at Indian plants. Apple is strengthening its footprint in India as it proves to be a key market with its high population and rapidly growing economy. Additionally, the union government also introduced the Production Linked Incentive (PLI) scheme that is expected to attract many gadget making moguls other than Apple, to establish their presence in the country. Two flagship stores were launched by Apple in Mumbai and Delhi in 2023 and Apple indicated that they are now planning to open four more retail stores in Bengaluru, Pune, Delhi-NCR, and Mumbai. (With ANI inputs)
Time of India
07-07-2025
- Business
- Time of India
Startups weigh government nod to use Aadhaar KYC for gig workers
Academy Empower your mind, elevate your skills ETtech Food delivery, ecommerce, ride hailers and other consumer-facing startups are evaluating applying to the union government for an explicit approval for Aadhaar authentication as they struggle to verify their gig workers via simple Aadhaar eKYC processes , industry insiders comes on the back of the ministry of electronics and information technology's (Meity) crackdown on all forms of unauthorised use of Aadhaar-based digital onboarding services ET reported this development on June even blocked access to the websites of startups like Zoop, Surepass, Digitap and others to arrest unauthorised access to government databases, ET had providers like Protean eGov Technologies can offer access to the Aadhaar rails through a secured channel once the concerned ministry clears the proposal from these private companies.'We now have the capability to offer Aadhaar authentication services to private platforms, particularly relevant for specific use-cases, such as verifying gig workers at scale, where the trust built into Aadhaar can significantly strengthen KYC processes,' said Bertram D'Souza, chief product and innovation officer at Protean eGov Technologies.'We are already in multiple conversations with players in the tech industry. However, it is important to note that ministry approval remains a required part of the process,' he January 31, the government issued a notification allowing private companies to use Aadhaar rails for specific purposes, but only after an explicit clearance from the concerned government department. It is through this route that startups are hoping to impress upon the government the need for them to use the Aadhaar database for authentication of their delivery personnel and frontline regulated entities are allowed access to the Aadhaar database, the challenge lies with unregulated entities using secured channels for authentication of any user, specifically used to onboard blue-collar Ray, chief business officer, Idfy, a Mumbai-based identity verification startup, explained that to verify their delivery executives, some e-commerce players were using the screens of the 'offline' Aadhaar website through unauthorised means, a practice deemed to be illegal by Meity and UIDAI.'We are now in talks with these e-commerce players to migrate them to Digilocker-based verification of Aadhaar or a simple redirection-based process to verify the delivery executive against offline Aadhaar,' Ray added.A senior executive at another identity verification startup pointed out that most gig workers are onboarded through an assisted channel and unless the concerned person has Digilocker on his or her phone, the verification journey becomes Aadhaar rails can be accessed through due permission of the authorities, then identity verification startups can operate as technology service providers acting as a bridge between tech startups and the likes of Protean and drive these verifications through a consent its March quarter presentation Protean eGov reported that it has processed around 327.5 crore Aadhaar-based authentication services since it started. In FY25 alone the publicly listed company said it processed fifty-six crore such transactions with around 10 lakh authorised every day. Protean does around 12 lakh eKYC transactions daily. According to data from UIDAI, in June alone 1.1 billion authentication services and 287 million eKYC services were undertaken through Aadhaar.
Economic Times
07-07-2025
- Business
- Economic Times
Startups weigh government nod to use Aadhaar KYC for gig workers
TIL Creatives Food delivery, ecommerce, ride hailers and other consumer-facing startups are evaluating applying to the union government for an explicit approval for Aadhaar authentication as they struggle to verify their gig workers via simple Aadhaar eKYC processes, industry insiders said. This comes on the back of the ministry of electronics and information technology's (Meity) crackdown on all forms of unauthorised use of Aadhaar-based digital onboarding services. ET reported this development on June 9. Meity even blocked access to the websites of startups like Zoop, Surepass, Digitap and others to arrest unauthorised access to government databases, ET had reported. Also Read: ETtech Explainer: Behind crackdown on unauthorised use of govt databases for user onboarding Service providers like Protean eGov Technologies can offer access to the Aadhaar rails through a secured channel once the concerned ministry clears the proposal from these private companies. 'We now have the capability to offer Aadhaar authentication services to private platforms, particularly relevant for specific use-cases, such as verifying gig workers at scale, where the trust built into Aadhaar can significantly strengthen KYC processes,' said Bertram D'Souza, chief product and innovation officer at Protean eGov Technologies.'We are already in multiple conversations with players in the tech industry. However, it is important to note that ministry approval remains a required part of the process,' he added. On January 31, the government issued a notification allowing private companies to use Aadhaar rails for specific purposes, but only after an explicit clearance from the concerned government department. It is through this route that startups are hoping to impress upon the government the need for them to use the Aadhaar database for authentication of their delivery personnel and frontline regulated entities are allowed access to the Aadhaar database, the challenge lies with unregulated entities using secured channels for authentication of any user, specifically used to onboard blue-collar Ray, chief business officer, Idfy, a Mumbai-based identity verification startup, explained that to verify their delivery executives, some e-commerce players were using the screens of the 'offline' Aadhaar website through unauthorised means, a practice deemed to be illegal by Meity and UIDAI.'We are now in talks with these e-commerce players to migrate them to Digilocker-based verification of Aadhaar or a simple redirection-based process to verify the delivery executive against offline Aadhaar,' Ray added.A senior executive at another identity verification startup pointed out that most gig workers are onboarded through an assisted channel and unless the concerned person has Digilocker on his or her phone, the verification journey becomes Aadhaar rails can be accessed through due permission of the authorities, then identity verification startups can operate as technology service providers acting as a bridge between tech startups and the likes of Protean and drive these verifications through a consent its March quarter presentation Protean eGov reported that it has processed around 327.5 crore Aadhaar-based authentication services since it started. In FY25 alone the publicly listed company said it processed fifty-six crore such transactions with around 10 lakh authorised every day. Protean does around 12 lakh eKYC transactions daily. According to data from UIDAI, in June alone 1.1 billion authentication services and 287 million eKYC services were undertaken through Aadhaar. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Did Jane Street manipulate Indian market or exploit its shallowness? Just before the Air India crash, did India avert another deadly mishap? How Balrampur Chini, EID Parry are stirring up gains amid melting sugar stocks Second only to L&T, but controversies may weaken this infra powerhouse's growth story Stock Radar: Poly Medicure stock looks attractive for short-term gains; still down 30% from highs Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 29% in 1 year Capital market stocks: Some corrections are opportunities, 5 stocks with potential downside to upside from -20% to +24% Skepticism & multibaggers: 15 stocks where element of skepticism is high, need is basic & now policy direction is right
