Hus in a name

Updated: Nov 27 2006, 05:35am hrs
During Chinese President Hu Jintaos Mumbai visit last week, the organisers at the CEO summit were left red-faced. The reason was an inadvertent goof-up by Saroj Poddar, president of Ficci. Instead of announcing the name of Hu for delivering the keynote address, the Ficci president took the name of Wan Jifei, chairman of the China Council for the Promotion of International Trade. Hu pretended he didnt hear it, but everyone else, including Mr Poddar, were more than embarrassed.

Security begins at home

Recently, the Securities and Exchange Board of India shifted all its offices, located at three different locations in South Mumbai, under one roof, to the swanky Sebi Bhavan at the Bandra-Kurla Complex. Giving top priority to security, Sebi has put top-of-the-line systems in place. The computer systems are so advanced that employees do not have to use the keyboard to log in. All they have to do is tap the mouse for access because it is fitted with biometric sensors, which recognises the fingerprints of the registered user. In fact, Sebi is planning to introduce this fool-proof system for access into the premises as well.

This is actually an attempt to earn credibility regarding the use of such techniques. Earlier, Sebi had made an attempt to make a biometric impressions-based MAPIN mandatory for investors. It did not work and was mired in controversy. Sebi, say informed sources, is making a fresh attempt to secure investors by showing the world that it can handle this new technology adequately. After all, security begins at home, notes an observer.