Tuesday, January 29, 2013

Yalamanchili wins processing contract for new Indian electronic payment service

Indian firm Yalamanchili (Ramakrishna Yalamanchili, founder and CEO) , a provider of software and white-label acquiring solutions, has been selected as processing provider for Saral Money, India's recently launched national electronic payment service.

The Saral Money project is a universal financial inclusion effort involving five major Indian Banks, Visa, and the Unique Identification Authority of India. FIs in the project include Axis Bank, Indian Overseas Bank, ITZ Cash (HDFC Bank) and State Bank of India.

Saral Money is based on the Visa Instant Account — essentially a reloadable prepaid card — and is aimed at India's unbanked. The initiative combines Visa's advanced network technology, the government's reach and the banks' extensive facilities to provide millions of Indians with a financial identity, said an announcement from Yalamanchili.

The system will initially roll out in limited regions, where it will support cash transfers for subsidies, scholarships and other government disbursements. These disbursements will go to the Saral cardholder's account, which is linked to the user's identification number — known as an Aadhaar — issued by the Unique Identification Authority of India. To prevent fraud, the cardholder will be authenticated by means of a biometric fingerprint reader.

For the user who receives government disbursements direct to a Saral Money card linked to an Aadhaar number, the system means the ability to send funds, make purchases at POS terminals, and conduct transactions at ATMs across the country. For the government, the system means improved transparency and efficiency and a step forward in the country's electronic payment and financial inclusion agenda.

Yalamanchili technology will process all transactions made via Saral Money accounts for the banks and will provide a coordinated infrastructure to support the Visa and government initiative.
"Thanks to the versatility of the underlying technologies, this initiative is able to cut through the historical red tape and open up the banking system to millions of citizens across the country," said Ramakrishna Yalamanchili, founder and CEO of Yalamanchili. "We are proud to provide a flexible and robust next generation payments platform, which is able to support government disbursements on a massive scale."

Suchitra Ella nominated as Founding Chairwoman of CII’s women wing

Suchitra K. Ella, Joint Managing Director, Bharat Biotech International, has been nominated as the Founding Chairwoman of the Indian Women Network of CII. The network aims to provide a platform for working women to come together and discuss issues and opportunities and share best practices.
Ella has been closely associated with the Confederation of Indian Industry (CII) for long.
She is currently the Chairperson of CII Andhra Pradesh State Council for 2012-13. She had earlier been elected to the CII Andhra Pradesh State Council.
As Co-Founder and Joint Managing Director at Bharat Biotech, Ella has is responsible for new projects, HR and administration, corporate communication and corporate affairs.
A graduate in Economics from the University of Madras, Ella has also pursued her academic interests in the US at Wisconsin and South Carolina in the areas of business and marketing.
She has been awarded the International Women Entrepreneurial Challenge award 2007 by the Chamber of Commerce of Barcelona, the Manhattan Chamber of Commerce and the FLO GR8 Women Achievers Award 2008 for entrepreneurial excellence.

4 Kammas are conferred with Padma Awards for 2013

Satyanadham Atluri: (Padmabhushan)
The Government of India has announced that UC Irvine Distinguished Professor Satyanadham Atluri will receive the 2013 Padma Bhushan Award. The country’s third-highest civilian award, the Padma Bhushan is given by the President of India to honor distinguished service of the highest order. It is announced every year on the eve of Republic Day.

Satya Atluri born in Gudivada, India, is designated as a UCI Distinguished Professor, in the Department of Mechanical & Aerospace Engineering , Henry Samueli School of Engineering, at UCI. Atluri is an award-winning engineer in the Department of Mechanical and Aerospace Engineering and the director of the Center for Aerospace Research and Education at The Henry Samueli School of Engineering. His widely-cited research spans several disciplines and has led to greater aircraft safety and durability.

Daggubati Ramanaidu: (Padmabhushan)
Movie Mogul Daggubati Ramanaidu is one of the biggest contributors to Indian cinema. The multi-lingual filmmaker has been honoured with India's highest award in cinema - Dadasaheb Phalke Award. Ramanaidu has been conferred the third highest civilian award in the Republic of India - the Padma Bhushan Award in recognition for his contribution to Telugu cinema.

Born on 6 June 1936 in Andhra Pradesh, D Ramanaidu entered films as producer with Telugu film Anuragam in 1963. He scored his first with NT Rama Rao's Ramudu Bheemudu in 1964. Then onwards there is no look back for this most prolific filmmaker. In his career of five decades, he has produced 130 films in different Telugu, Hindi, Tamil, Malayalam, Kannada, Bengali, Oriya and English.

Sridevi: (Padmashri)
Sridevi has been named for the Padma Shri, India's civilian award, on the eve of 64th Republic Day.

The 49-year-old (A Kamma girl, born in Meenampatti village near Sivakasi of Virudhunagar district - Tamilnadu) who made a grand Bollywood comeback in 2012 with a strong female-centric role in "English Vinglish", boasts of a filmography of 265 movies. She came back after a 15-year sabbatical, and won hearts with her simple and subtle performance in the film as a homemaker struggling to learn English.

Married to Hindi film producer Boney Kapoor, Sridevi has two daughters - Jhanvi and Khushi. Age has failed to take a toll on her as she looks as radiant as ever and spreads the same magic in front of the camera.

Rajshree Pathy: (Padmashri)
Entrepreneur Rajshree Pathy, chairperson and managing director of the Coimbatore-based Rajshree Group of Companies was awarded "Padma Shri" by Indian government in 2013.

In 1996, Rajshree Pathy received the Global Leaders of Tomorrow recognition from the World Economic Forum, Davos (Switzerland). She was awarded the Eisenhower Exchange Fellowship in 2000. She has been the President of Indian Sugar Mills Association from 2004 to 2005. She was the Chairperson of CII National Committee on Textiles from 1996 to 1999.

Rajshree Pathy is the daughter of famous industrialist Shri G. Varadaraj, of PSG Families engaged in Charities and Educational Institutions for more than a century. Her father was also a former Rajya Sabha MP. She is married to S.Pathy, Chairman & Managing director of Lakshmi Mills.

Saturday, January 19, 2013

Dr Gullapalli N Rao bags G.O.H. Naumann Award

L V Prasad Eye Institute (LVPEI) founder and chairman, Dr Gullapalli Nageswara Rao has won the 'G.O.H. Naumann Award'. The International Council of Ophthalmology, which is the global umbrella organisation for all national and regional Ophthalmological Societies of the world, selected Dr Rao for the award.

The award is named after the former president of the Council and internationally renowned German ophthalmologist, and is given away in recognition for ‘outstanding global leadership in eye care’. Dr Rao received this award at the annual meeting of the Council.

Dr Gullapalli N Rao founded the L V Prasad Eye Institute 25 years ago. The Institute provides high quality comprehensive eye care to all people; provides sight enhancement and rehabilitation services at the Institute and through its rural eye health network; offers professional ophthalmic training at all levels. It conducts advanced eye care research. It is also a World Health Organisation (WHO) Centre for the prevention of blindness and a global resource centre for Vision 2020, a worldwide initiative for the elimination of avoidable blindness led by WHO and the international agency for the prevention of blindness.