THE NATIONAL ACADEMIC DEPOSITORY (NAD) will be used to hold academic awards i.e. mark sheets, convocation certificates, transfer certificates, in a dematerialized form to enable electronic and authentic verification by institutions, employers and other verification agencies
The Finance Minister had announced in his budget speech for2016-17 about the setting up of an Academic Depository on the pattern of a Securities Depository. The Government of India under the aegis of Ministry of Human Resource Development (MHRD) / University Grants Commission (UGC) subsequently nominated CDSL Ventures Limited (CVL) to operate the National Academic Depository (NAD) which would be used to hold academic awards i.e. mark sheets, convocation certificates, transfer certificates, issued by the academic institutions making it mandatory for them to participate in the dematerialization of student academic records and enable electronic and authentic verification of the same by institutions, employers and other verification agencies. NAD would be available online 24×7 access to the stakeholders. The experience of CDSL running a securities depository for nearly 20 years was considered relevant while deciding to award the academic depository project. The President of India formally inaugurated the project on July 9, 2017 in a grand function at New Delhi.
The NAD project is planned to cover around 1500 institutions which constitute 40,000 colleges. In addition, all central and state board results (10th and 12th standard) and their constituent schools/colleges will come under the NAD project. “We have as on date signed up over 150 academic institutions and Boards who are in various stages of uploading / updating awards in the electronic form in the NAD system. We have a cumulative count of nearly three lakh awards in the system, which can be verified by the institutions / companies who are registered with us,” says Joydeep Dutta, Executive Director and Group CTO, CDSL.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How Big Basket Is Leveraging Emerging Tech For Streamlining Delivery
A perfect combination of focused strategy, market knowhow, customer centricity, and most importantly, the right technology, has led to Big Basket's dominance in online grocery space
Technology raising the bar in higher education
From app-based learning to virtual classrooms and from AI to analytics, the higher education industry in India is driven by increasing technology adoption
Speaking about the EDGE
BY ESTABLISHING IT deployments for cloud-based services in edge data centres located in localised areas or communities, IT resources are effectively brought closer to end users and devices
REDEFINING DATA CENTRES
A look at how some of India's leading organisations are heralding transformational changes in their data centre operations
Need to define outcomes before making data centre software defined
THERE IS A NEED to clearly define the outcomes from adopting the software defined concept; a necessary mechanism to regularly review and revise the outcomes should also be built, says Manoj Gautam, VP - IT Infrastructure Service, Maruti Suzuki India
ICICI Bank: Unique distinction of a platinum rated green data centre
PROVIDING A MAJOR impetus to CII- Indian Green Building Council's (IGBC) efforts in greening of Indian data centres, ICICI Bank Data Centre in Hyderabad has gained the unique distinction of becoming India’s first Platinum rated project under IGBC Green Data Centre Rating System
Data centre rationalises computing resources at Titan Company
TITAN HOSTS A complex IT architecture. The data centre team has been trained by the OEMs to run the software-defined infrastructure, says Krishnan Venkateswaran, Chief Digital and Information Officer, Titan Company
Bajaj Housing Finance goes with 100% cloud architecture
BAJAJ HOUSING FINANCE has moved the entire enterprise IT ecosystem 100 per cent on public cloud, leading to flexible architecture for its business applications, data warehousing and analytics, which is high performing, rapidly scalable and secure
The top barriers financial institutions face in their race to digital transformation
WHY ARE DIGITAL business transformations failing to deliver value? Low double digit percentage of IT leaders have seen sustained performance improvement from transformation efforts, and are successful at sustaining change
Mercedes-Benz banks on digital initiatives for competitive advantage
MERCEDES BELIEVES THAT CONNECTED, Autonomous, Shared and Services, Electric (CASE)are the four concepts that will shape the future of driving. While design has been a fancy for Mercedes, tech and IT is as significant. And if touch controls seem too tedious to operate then the company now brings out gesture control
