Need strong laws and oversight to protect the digital citizen – Nilekani
Nandan Nilekani, Adi Godrej among AIMA Award winners
21 February 2018: New Delhi
“Aadhaar or any system of the type needs strong privacy and security laws and oversight,” says Nandan Nilekani, Non-Executive Chairman, Infosys and former Chairman of UIDAI. He says that the possibility of tracking the citizens exists because of mobile phones also.
Nilekani made these observations in response to a concern expressed by Rahul Bajaj, Head of Bajaj Group of Companies, who feared that a rogue government could make a citizen disappear by switching off one’s aadhaar-based legal existence and blocking the access to money, travel and public services.
Nilekani and Bajaj participated in a discussion on leadership in the age of disruption during the celebration of All India Management Association’s 62nd Foundation Day, which is also observed as the National Management Day across the country.
Nilekani informed that an electronic consent infrastructure was underway that will allow the government to share the citizen’s data with lenders. This, he argued, would enable millions of small businesses to borrow, which will put the economy back on track. “Credit at scale is the key,” he said. The same data-sharing infra can be used for healthcare, education and other services too, he added.
Nilekani received the AIMA – JRD Tata Corporate Leadership Award on at the ceremony. Rahul Bajaj, the Chief Guest, presented the award.
Rahul Bajaj was candid in his comment on the Narendra Modi government. While he was critical of demonetization and the government’s claim of finishing corruption, he said that if any Prime Minister could deliver results in spite of democracy, it was Modi. “India needs a strongman,” he said.
Reacting to the growing clamour for level playing field by India’s digital companies, Bajaj remarked that he no longer felt lonely as the leader of the so-called Bombay Club. He pointed out that not containing the downside of liberalization and globalization had put Donald Trump in power, made the Brexit happen and shaken up politics in Germany and the rest of Europe. “Now, India too has joined the Bombay Club,” he remarked pointed to the measures taken in the recent union Budget.
AIMA President, Mohadas Pai said that today, the world faces the threat of a few large digital companies dominating the world and telling everybody what to do. “The changes we will see over the next few years will be cataclysmic and we need to lead the change and not become its victim,” he said.
Adi Godrej, Chairman, Godrej Group, received the AIMA Life Time Award for Management. Delivering a lecture on leading family businesses in the age of disruption, he said that typically family businesses underperform during economic expansion and they do better than the rest during economic contraction because they have leaner cost structures and they are quicker to react to threats and opportunities. “Trust lowers transaction cost,” he said.
Sunil Kant Munjal, Chairman, The Hero Enterprise said that the family businesses had an unfair advantage over the widely-owned businesses because they could afford to take a long-term view. “The value of stock matters only when you want to sell,” he said.
Munjal also pointed out that the family businesses were now encouraging the young to create new businesses, which could be taken into the fold if those scaled up. On the downside for the family businesses, Munjal said that most of the corporate scandals involved family businesses and it had become necessary for family businesses to shed secrecy and become more open and transparent.
AIMA also felicitated Anshu Gupta, Founder, Goonj, with AIMA Public Service Excellence Award. Speaking on the compassionate capitalism, he said that many of India’s vital issues remained non-issues because those with power and resources were focused elsewhere. He wondered why people dying of cold every winter because of lack of clothing was not considered a disaster. Similarly, he said, the damaged eyesight of the rural poor and the mensural hygiene of rural women were non-issues for the country. “All the talk about data is very good but the country needs a reality check,” Gupta said.
Harshvardhan Neotia, Chairman, Ambuja Neotia Group and Senior Vice President, AIMA; Sanjay Kirloskar, Chairman, Kirloskar Brothers and Vice President, AIMA and Akhil Bansal, Deputy CEO, KPMG in India also addressed the gathering.
AIMA also felicitated excellence in management education and management writing on the occasion. The AIMA-Kewal Nohria Award for Leadership in Management Education went to Dr Bala V Balachandran, Founder, Dean & Chairman, Great Lakes Institute of Management. The AIMA-Dr Ram Tarneja Award for Best Article in Indian Management was presented to Harish Bijoor, CEO, Harish Bijoor Consultants. AIMA presented the AIMA-Dr JS Juneja Award for Creativity and Innovation for MSMEs to Yantra Harvest Energy through its Managing Director, Ajit Ratanchand Shah.
About 400 business leaders, management experts, academics and students joined AIMA’s Foundation Day celebrations in the capital. More than 60 local management associations across the country celebrated the occasion as the National Management Day.
The All India Management Association (AIMA) is the national apex body of the management profession in India. Over the last six decades, AIMA has contributed immensely to the enhancement of management capability in the country.
AIMA has a broad base of 67 Local Management Associations including two cooperating LMAs abroad, with a membership crossing 30,000 in number. AIMA is a non-lobbying organisation, working closely with Industry, Government, Academia and students to further the cause of the management profession in India. AIMA is represented on the Boards of India's premier Business Institutions like Indian Institute of Management – IIMs. AIMA is also represented on Boards of Government bodies including the All India Council for Technical Education, National Board of Accreditation, National Productivity Council to name a few.
AIMA makes a salutary contribution to management learning and practice in the country by offering various services in the areas of testing, distance education, skill development & training, research, publications and management development programmes.
AIMA brings to the Indian managers, the best management practices and techniques through numerous foreign collaborations with professional bodies and institutions. AIMA is a member of the Asian Association of Management Organisations (AAMO) and works closely with several international management institutions like University of California - Berkeley, Samuel Curtis Johnson Graduate School of Management - Cornell University, The World Bank, St Gallen Foundation etc. in organising international conferences and management development programmes. To know more please log on to www.aima.in
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