Transforming e-Governance
Businessworld India|29 July 2023
NeSL is driving digital transformation in e-governance for enhanced efficiency, transparency, and financial stability
Reema Bhaduri
Transforming e-Governance

National e-Governance Services (NeSL) is India's leading repository of electronic financial records, providing secure and simplified operations in the financial ecosystem, contributing to the Indian economy's overall growth and stability. NeSL operates under the regulatory framework of the Insolvency and Bankruptcy Board of India (IBBI) and provides information verification, authentication, and storage services. It serves as the central depository for financial transaction records, including collateral and security interests, in order to improve transparency and efficiency in the lending and borrowing process.

Objectives To Abide By

Committed to fulfilling a number of important goals in the financial industry, one of the key objectives of NeSL is to accelerate time-bound resolution by giving creditors and adjudicating authorities certified information without the need for further verification. Additionally, NeSL assures that if a default is brought against a debtor, all creditors connected to that debtor are promptly notified. NeSL seeks to minimise information asymmetry between parties engaged in debt and encourage better credit monitoring by creditors. Moreover, NeSL strives to create a mutually agreed upon declaration of the outstanding balance between parties, which enhances the transparency and clarity of financial transactions. Harnessing information technology, NeSL works actively to assist all stakeholders in the ecosystem of the Insolvency and Bankruptcy Code by serving all aspects of the code.

Aiding Digital Makeover

Esta historia es de la edición 29 July 2023 de Businessworld India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición 29 July 2023 de Businessworld India.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESSWORLD INDIAVer todo
MEMORIES & IMPRESSIONS
BW Businessworld

MEMORIES & IMPRESSIONS

Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.

time-read
3 minutos  |
October 19, 2024
The Robotaxi Market
BW Businessworld

The Robotaxi Market

The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.

time-read
1 min  |
October 19, 2024
And the Nobel Prize Goes to AI
BW Businessworld

And the Nobel Prize Goes to AI

The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.

time-read
1 min  |
October 19, 2024
Ola Electrified
BW Businessworld

Ola Electrified

Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.

time-read
1 min  |
October 19, 2024
Sharp Slide in Industrial Output on Eve of Deepavali
BW Businessworld

Sharp Slide in Industrial Output on Eve of Deepavali

India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.

time-read
1 min  |
October 19, 2024
Heralding the Solar Era with Sustainable Electrification
BW Businessworld

Heralding the Solar Era with Sustainable Electrification

RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more

time-read
2 minutos  |
October 19, 2024
A WELL-GREASED MACHINE
BW Businessworld

A WELL-GREASED MACHINE

The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar

time-read
4 minutos  |
October 19, 2024
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
BW Businessworld

DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH

For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh

time-read
7 minutos  |
October 19, 2024
Disruption Ahead: Beyond Organisation Charts and Structures
BW Businessworld

Disruption Ahead: Beyond Organisation Charts and Structures

ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.

time-read
3 minutos  |
October 19, 2024
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
BW Businessworld

Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment

We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.

time-read
2 minutos  |
October 19, 2024