Cabinet approves establishment of National Academic Depository

Published By : Admin | October 27, 2016 | 16:00 IST
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Central Govt to set up National Academic Depository announced in Budget 2016-17
National Academic Depository to digitally store school learning certificates & degrees

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has accorded its approval for establishment and operationalisation of a National Academic Depository (NAD). The decision aims at bringing another dimension and enhancement of the vision of Digital India.

The NAD would be established and operationalised within the next three months and would be rolled out throughout the country in 2017-18.

The Finance Minister's Budget Speech of 2016-17, in February this year, incorporated this commitment to establish a Digital Depository for school learning certificates, degrees and other academic awards of Higher Education Institutions, on the pattern of a Securities Depository.

The NAD would be operationalised by NSDL Database Management Limited (NDML) and CDSL Ventures, Limited (CVL) - two of the wholly owned subsidiaries of the Depositories registered under Securities Exchange Board of India (SEBI) Act, 1992.

Academic institutions would be responsible for the authenticity of data digitally uploaded by them into the system. The depositories will ensure the integrity of the data in the NAD. The NAD will register educational institutions/boards/eligibility assessment bodies, students and other users/verifying entities like banks, employer companies, government agencies and academic institutions.

It will provide digital or a printed copy of the academic award with security features to the students or other authorized users. NAD will verify academic awards online on the same day of request initiated by any authorized user.

Requests for access to academic awards, for example, from potential employers, and academic institutions would be only on the basis of consent of the student.

NAD shall maintain the authenticity, integrity and confidentiality of its database. It will also train and facilitate academic institutions/boards/ eligibility assessment bodies to efficiently lodge academic awards in the database.

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PM’s address at the launch of Pandit Jasraj Cultural Foundation
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“Music is a medium that makes us aware of our worldly duties and it also helps us transcend worldly attachments”
“Experience of Yoga Day has indicated that the world has benefited from Indian heritage and Indian music also has the capacity to stir the depth of the human mind”
“Every person in the world is entitled to know about, learn and get benefits of Indian music. It is our responsibility to take care of that”
“In today's era when technology’s influence is all pervasive, there should be technology and IT revolution in the field of music also”
“Today we are regenerating our centers of art and culture like Kashi”

The Prime Minister Shri Narendra Modi paid rich tribute to Pandit Jasraj on the occasion of the Jayanti of the doyen of Indian Classical Music. The Prime Minister talked of the personification of immortal energy of music by Pandit Jasraj and lauded Durga Jasraj and Pandit Shaarang Dev for keeping alive the glorious legacy of the maestro. The Prime Minister was speaking at the launch of the Pandit Jasraj Cultural Foundation via video conferencing.

The Prime Minister touched upon the vast knowledge imparted by the sages of Indian music tradition. Shri Modi said that the strength to feel the cosmic energy and ability to see music in the flow of universe is what makes Indian Classical music tradition so exceptional. “Music is a medium that makes us aware of our worldly duties and it also helps us transcend worldly attachments” the Prime Minister said.

The Prime Minister praised Pandit Jasraj Cultural Foundation for their goal of preserving India’s rich heritage of art and culture. He asked the Foundation to focus on two key aspects of this age of technology. Firstly, he said that Indian Music should create its identity in this age of globalisation. He said that the experience of Yoga Day has indicated that the world has benefited from Indian heritage and Indian music also has the capacity to stir the depth of the human mind. “Every person in the world is entitled to know about, learn and get benefits of Indian music. It is our responsibility to take care of that”, he said.

Secondly, the Prime Minister said that in today's era when technology’s influence is all pervasive, there should be technology and IT revolution in the field of music also. He called for startups dedicated solely to music, based on Indian instruments and traditions.

He also dwelled on recent efforts to regenerate the centres of culture and art like Kashi. The Prime Minister said that India has shown the way to a secured future to the world through its faith in environment preservation and love for nature. “In this Indian journey of development along with heritage, ‘Sabka Prayas’ should be included”, he concluded.