If you have gone through the THE TIMES OF INDIA Today
You would know:-
Almost entire dubbing of the movie “Race” was erased when a hard disk crashed at Sound city. So our heroes Anil & Saif had to redo the complete sound recording again.
US Defence department has said it is forbidding Google from filming and depicting in details its Military bases.
Govt to upgrade hospitals to Meet Medical Council of India norms by developing softwares which would enable better access to books on medicines and better connectivity with other universities across the globe.
Ahmedabad Times – “Thinking of what to gift that special women in your life on International Women’s day? Forget Diamonds, give her a high-tech Gadget instead
This is just what I could read from scrolling through the paper --------------- But the focus of media definitely seems to be technology driven
Well I was scrolling through the world wide web, looking at the exact requirements which the corporates place on the net with regard to the candidate profile. Well some want knowledge of direct taxation, some US GAAP and sox, some internal audit……………..but one thing that I could find common amongst all was
Q . A mechanical, electrical and computer engineer were riding together to an engineering seminar when the car suddenly began jerking and shuttering. The mechanical engineer, said, "I think the car has a faulty carburetor." The electrical engineer said, "No, I think the problem lies with the alternator."
As technology has transformed practice, legal education has not kept pace. Curricula do not integrally reflect the ways in which information technologies are being used, and could be used, to change the scenario of profession in our country. While the schools & Universities have started taking initiatives but still many transformations remain outside the scope of our day to day affairs:
Large-scale document management;
Information presentation and simulations in the classrooms;
and the evaluation of electronic resources outside the narrow confines of the legal document databases.
A world which is increasingly becoming overdependent on information technology…
Prospective students fill out applications online.
E-mail is the predominant means of one-to-one and web sites are the means of mass communication.
Ethernet and wireless networks become pervasive.
Some Educational Institutions purchase and require expensive exam administration software.
In a world dependent on information technology…
BANKING SECTOR The IT saga in Indian Banking commenced from the mid eighties of the twentieth century when the Reserve Bank took upon itself the task of promoting automation in banking to improve customer service, book keeping, MIS and productivity. This role played by the Reserve Bank has continued over the years.
Introduction of MICR based cheque processing – a first for the region, during the years 1986-88
Computerisation of branches of banks – an activity which commenced from the late eighties with the introduction of ledger posting machines (LPMs), advanced ledger posting machines (ALPMs), which have paved the way for installation of Core Banking solutions.
The setting up of the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad in the mid nineties, as a research and technology centre for the Banking sector ;
The commissioning in 1999, of the Indian Financial Network as a Closed User Group based network for the exclusive use of the Banking sector with state-of-the-art safety and security. The network supports applications having features such as Public Key Infrastructure (PKI) which international networks such as S.W.I.F.T. are now planning to implement ;
Providing Guidelines for Internet Banking, which facilitated the banks to ensure that common minimum requirements relating to Internet Banking offerings were provided for;
Providing detailed specifications to banks on the configuration of systems relating to critical inter-bank payment system applications such as Real Time Gross Settlement (RTGS) System, Negotiated Dealing System (NDS), Centralised Funds Management System (CFMS) etc.;
Implementation of the National Financial Switch (NFS) to ensure inter- connectivity of shared ATMs and to provide for funds settlement across various banks.
Sharing of information through the secured internet website for the Centralised Data Based Management System-Internet (CDBMSi) project.
Providing a platform for transmission of electronic messages across banks using common standards, for facilitating ‘Straight Through Processing’ (STP) in the form of the Structured Financial Messaging System (SFMS)
Setting up connectivity of all clearing houses of the country so as to enable the introduction of the National Settlement System (NSS).
Given these critical requirements and in its endeavour to sustain the progress and provide direction to the IT initiatives of the financial sector , the Reserve Bank sets out this Vision document which provides a bird’s eye view of the plans for IT development in the medium term, with the required focus on corporate governance. The Vision document has been divided into four major focus areas as follows: