SBI is using biometrics to providing banking services to the rural poor. It is not making any profits out of this but doing it out of compulsion. When 40% more people use it - then it will be profitable. Trageting 100,000 villages. It has to pay commisions to the agents. This is used for the NREG scheme - the 100 day employment scheme. The biometric machine costs 22500 rupees. The finger prints are matched with the central database to make sure that the money is reaching the right person.
- Sriram Vadlamani
China to be the leader in EV's. Ramping up production. China gets 75% of its electricity from Coal. This would be a shift of the pollution from cities to outside the cities. What's the propostion for India?
- Sriram Vadlamani
had also decided to put in $20 million to bail out the cash strapped company, which now has about 10 per cent share in the aviation market
- Sriram Vadlamani