logo
Himachal becomes first state to launch Aadhaar-based face authentication for ration distribution

Himachal becomes first state to launch Aadhaar-based face authentication for ration distribution

Time of Indiaa day ago
Live Events
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
Shimla: Himachal Pradesh became the first state in the country to introduce Aadhaar-based face authentication (FaceAuth) for the distribution of ration to eligible beneficiaries under the Public Distribution System (PDS), officials said on Saturday.Until now, authentication was carried out using either OTP-based or biometric methods. However, frequent challenges such as SMS delivery failures and biometric mismatches at the UIDAI end were causing inconvenience to the beneficiaries, Gokul Butail, Principal Advisor to the Chief Minister, said in a statement.With the launch of the FaceAuth mechanism, the process has now been streamlined and made more accessible, Butail noted, adding that, unlike traditional methods, this new facility uses a mobile camera via an app installed on the fair price shop (FPS) owner's smartphone, enabling direct facial authentication of beneficiaries."In a significant technological advancement, the department of Digital Technologies and Governance (DDTG), Himachal Pradesh, has introduced Aadhaar-based face authentication (FaceAuth) for the distribution of ration to eligible beneficiaries under the Public Distribution System (PDS)," Butail said.He emphasised that this pioneering initiative underscores the state's commitment to leveraging digital technology for enhancing public service delivery and promoting inclusive access to essential services.The new system is expected to improve the authentication success rate and reduce verification time, ensuring a faster and more efficient ration distribution process, the statement added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Small-cap stock under ₹20 to be in focus on Monday; here's why
Small-cap stock under ₹20 to be in focus on Monday; here's why

Mint

time42 minutes ago

  • Mint

Small-cap stock under ₹20 to be in focus on Monday; here's why

A small-cap stock under ₹20 will likely be in focus on Monday, July 7, following the company's business update. Oriental Trimex, a company that deals in the natural imported marble industry, after market hours on Friday, July 4, shared its business update through an exchange filing, highlighting its improving business efficiency and the prospects of increasing profitability. Advertisement Oriental Trimex said it became one of the first in the industry to introduce the Smart Cut machine, an ultra-thin wire machine for cutting marble blocks. "The SMART CUT machine employs an ultra-thin wire, just 0.55 millimetres thick, significantly outperforming traditional blades using segments wide enough to 3.5 mm. This innovation reduces waste by about 20 per cent, allowing us to optimise yield and bolster profit margins in an industry where margins typically range from 10 per cent to 30 per cent," said the company. "Moreover, its high automation minimises labour requirements, dramatically enhancing our operational efficiency and securing a first-mover advantage in the market," the company added. Also Read | Stocks to buy under ₹100: Sumeet Bagadia recommends 3 shares to buy on Monday Besides, the company also announced the granting of a mining lease for black granite by the Odisha government. Advertisement "On May 21, 2025, we received an official mining lease from the Odisha government for a quarry of Jer black granite, expanding our product offerings. We are poised to commence quarry operations this quarter and anticipate initiating commercial production shortly thereafter," said Oriental Trimex. "As we drive export initiatives and collaboration forward, we are actively engaging with several Far East and Middle East companies, with discussions with a Vietnam-based partner currently in the final stages," Oriental Trimex said. Oriental Trimex also plans to divest seven acres of land in the Somnathpur Industrial Estate, Balasore, and a small granite unit in the Rairangpur Industrial Area. "This decisive action will streamline our operations, reduce recurring expenses, and enhance liquidity for more focused investments," the company said. Advertisement Moreover, the company said the growing trend of luxury apartment development in Delhi-NCR has created a vibrant market for its products. Also Read | Stocks to buy for long term: Pankaj Pandey of ICICI Securities picks 5 names Oriental Trimex share price trend The small-cap stock has given impressive returns this year so far, surging 48 per cent. It hit a 52-week high of ₹17.63 on June 18 this year and a 52-week low of ₹7.82 on August 8 last year. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary. Advertisement

Signature Global buys 2 land parcels in Gurugram totalling 10 acres for housing projects
Signature Global buys 2 land parcels in Gurugram totalling 10 acres for housing projects

Time of India

timean hour ago

  • Time of India

Signature Global buys 2 land parcels in Gurugram totalling 10 acres for housing projects

Realty firm Signature Global has acquired two land parcels in Gurugram totalling 10 acres to build housing projects. Signature Global's subsidiary firm has executed two sale deeds to purchase the lands admeasuring approximately 9.96 acres situated at Tehsil Sohna, District Gurugram, Haryana. These lands have an overall potential sales area of approximately 0.53 million (5.3 lakh) square feet, according to a recent regulatory filing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Fungo nas unhas: um truque simples reduz facilmente Acabe com os Fungo Undo Last month, Signature Global chairman Pradeep Kumar Aggarwal said the company would invest around Rs 1,200-1,500 crore to acquire land parcels as part of its expansion plan. Signature Global had invested Rs 1,070 crore last fiscal year to purchase 48 acres of land in Gurugram, Haryana. Live Events "Land is an important raw material for real estate developers. We will be investing around Rs 1,200-1,500 crore on the acquisition of land parcels this fiscal," he had said. Signature Global emerged as the fifth largest listed real estate developer last fiscal in terms of sales bookings by achieving record pre-sales of Rs 10,290 crore. The Gurugram-based company has given a guidance of posting Rs 12,500 crore worth pre-sales in the current fiscal. Signature Global is also ramping up construction activities across its ongoing projects. The company will invest Rs 2,500 crore in 2025-26 fiscal on construction activities as against Rs 1,900 crore in the preceding fiscal. Recently, Signature Global announced plans to raise Rs 875 crore through issue of non-convertible debentures to refinance debt and expand business . Signature Global started its business to develop affordable housing projects but shifted its focus on mid-income, premium and luxury segments because of high land cost in Gurugram. During the last fiscal year, the company posted a net profit of Rs 101.2 crore, a sharp jump from Rs 16.32 crore in the preceding year. Its total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in 2023-24. Since inception, Signature Global has delivered 13.5 million sq ft of housing projects and has a strong pipeline of about 21.6 million sq ft of saleable area in upcoming projects, along with 46.38 million sq ft of ongoing projects, targeted for completion within the next 2-3 years.

Trump signs law hiking tax on Harvard's endowment income: Elite universities brace for financial hit
Trump signs law hiking tax on Harvard's endowment income: Elite universities brace for financial hit

Time of India

timean hour ago

  • Time of India

Trump signs law hiking tax on Harvard's endowment income: Elite universities brace for financial hit

Trump signs law hiking tax on Harvard's endowment income: In a major shake-up for higher education funding in the United States, former President Donald Trump has signed into law a sweeping tax and spending bill that sharply increases the federal excise tax on endowment income for wealthy private universities. The law is expected to cost Harvard University over $200 million annually, with immediate effects on its financial operations. The legislation, titled the 'One Big Beautiful Bill' , raises the tax on endowment investment income from 1.4% to 8% for institutions with more than $2 million in endowment assets per domestic, tuition-paying student. With over $2.9 million per student and an endowment exceeding $53 billion, Harvard is firmly in the highest tax bracket. The tax applies only to annual investment income, which for Harvard stood at $2.5 billion in FY2024. This means a potential tax bill of $200 million or more annually — nearly five times its previous tax liability. Elite institutions in top tax slab Harvard is not alone. A handful of elite private universities, including Yale, Stanford, MIT, and Princeton, will also fall under the 8% tax rate. The law applies only to US-based private colleges with at least 3,000 domestic tuition-paying students, at least half of whom must be US residents. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why seniors are rushing to get this Internet box – here's why! Techno Mag Learn More Undo The bill introduces a tiered system: 8% for endowments above $2 million per student 4% for those between $750,000 and $2 million 1.4% for $500,000 to $750,000 Public institutions and smaller colleges are excluded. Restricted endowment funds limit spending flexibility While Harvard's endowment is vast, nearly 80% of its funds are restricted by donor agreements and legal conditions. That leaves a much smaller portion of flexible, or 'unrestricted,' funds to absorb the tax blow. These unrestricted funds are typically used for financial aid, faculty salaries, research funding, and core operations, all of which could now face cuts. In FY2024, endowment payouts accounted for 37% of Harvard's operating revenue, making them the university's single largest source of funding. Law passes narrowly in Congress The legislation cleared the US House of Representatives by a 218-214 vote, with only two Republicans voting against it. It passed the Senate 51-50, with Vice President JD Vance casting the tie-breaking vote. Trump signed the bill into law during a July 4 Independence Day ceremony at the White House, calling it a long-overdue measure to hold elite universities accountable. The final 940-page bill is part of a broader conservative agenda, including Medicare cuts, military spending increases, and bans on federal funding for Planned Parenthood and gender-affirming healthcare. Major changes to US student loan system In addition to the endowment tax, the legislation brings significant reforms to federal student aid: Grad PLUS loans have been eliminated Parent PLUS loans are now capped at $65,000 per student Federal repayment plans will be consolidated Key protections, including deferment for unemployment, are being removed A new earnings-linked accountability rule will take effect from July 1, 2026, restricting federal aid to graduate programs whose alumni earn less than the median high school graduate. Critics say these changes could reduce access to higher education, especially for low-income families. Harvard ramps up lobbying amid political heat Harvard has opposed endowment taxation since it was first introduced in 2017. In the first quarter of 2025, the university spent $230,000 on federal lobbying, its highest quarterly total since 2008. According to federal records, lobbying efforts focused heavily on endowment taxes, student aid, and research funding. While university officials have not publicly responded to the new tax, they have warned in the past that such measures could undermine core academic priorities. Conservative push to target elite schools The push to tax elite institutions gained momentum among conservative lawmakers who argue that universities like Harvard benefit from massive, untaxed wealth while receiving federal funding and promoting political views out of step with public values. Trump had campaigned on this issue, even proposing to create a new government-funded online 'American Academy' using proceeds from fines and taxes on wealthy universities. An earlier version of the bill proposed a 21% top tax rate and excluded international students from endowment-per-student calculations — a change that would have pushed more institutions into higher brackets. That provision was dropped in the final Senate version following procedural objections. Implications for Indian students and global education Though the tax directly affects US universities, its indirect effects could ripple across the global education landscape. Harvard and other institutions may need to reassess scholarships, international outreach, and long-term academic investments — areas that have historically benefitted Indian students. Changes to the US loan system may also impact affordability for those considering graduate study in the US As the new fiscal year begins, institutions across the country are now recalibrating their finances. For Harvard and its peers, the road ahead could include budget cuts, reallocation of unrestricted funds, and a shift in funding priorities — with ripple effects in education, research, and global collaboration. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store