Financial Daily from THE HINDU group of publications
Thursday, Feb 07, 2002
Financial Daily from THE HINDU group of publications Thursday, Feb 07, 2002 |
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Money & Banking
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E-Commerce & E-Business Info-Tech - E-Commerce & E-Business SafeScrypt issues digital signature to Mahajan Our Bureau
Dr Bimal Jalan, RBI Governor, with Mr Pramod Mahajan, Minister for IT and Communications, at a function to present the country's first digital signature certificate in Mumbai on Wednesday.
MUMBAI, Feb. 6 SAFESCRYPT Ltd, a Satyam Infoway company affiliated with VeriSign Inc, issued the country's first digital signature certificate to the Minister for Communications and IT & Parliamentary Affairs, Mr Pramod Mahajan, at an official ceremony here on Wednesday. SafeScrypt is the first Indian company to get a certifying authority licence for digital signature from the Controller of Certifying Authorities (CCA). The company received this licence earlier this week. Speaking at the ceremony, Mr Mahajan said, "This event marks the beginning of a 100-per cent implementation of the IT Act 2000 and will encourage the growth of e-commerce, e-learning and e-governance in India. With this, India now becomes part of a group of around 12 countries that use digital signatures.'' The Governor, Reserve Bank of India, Mr Bimal Jalan, who was also present, received the second digital signature. A digital signature is an encryption and decryption process which uses the public key infrastructure (PKI) technology that allows for proper identification of the author of an electronic message as well as authentication and non-repudiation. The digital certificate is a computer-generated record containing the identity of the subscriber, the public key and is digitally signed by the CA. The certificates issued by the CA, in this case SafeScrypt, are legally recognised by the courts and are given the same status as a physical signature. Mr Ramraj, MD & CEO, Satyam Infoway Ltd, said, "Digital signatures are the key to secure online transactions. As an Internet and networking company in India, catalysing the growth of e-commerce by enabling secure online transactions is a critical point of focus at Sify.''
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