Dev information technology Limited has secured a substantial work order worth ₹3.18 crore from National Informatics Centre Services Incorporated (NICSI) for developing advanced financial management applications for the Government of Rajasthan. The company announced this development through a regulatory filing under SEBI Regulation 30 on January 27, 2026.

Project Scope and Specifications

The awarded contract involves the development of IFMS 3.0 Web and Mobile Applications for the Directorate of Treasuries and Accounts, Government of Rajasthan, Jaipur. The comprehensive project encompasses multiple critical Finance Department functionalities designed to modernize the state's financial management systems.

Key Application Modules

The IFMS 3.0 development project will include several essential modules to support comprehensive financial management operations:

• Pension Management System
• Employee Management Module
• Works & Accounts Management
• Salary Management System
• Grant-in-Aid Processing
• Additional related financial components

Contract Details and Compliance

The order represents a domestic contract awarded by a state government entity, with no related party transactions involved. Dev Information Technology Limited obtained this work order through its empanelment credentials with NICSI, demonstrating the company's established relationship with government technology service providers.

Strategic Significance

This order reinforces Dev Information Technology Limited's position in the government technology solutions sector, particularly in financial management system development. The project involves creating both web and mobile applications, indicating the company's capability to deliver multi-platform solutions for complex government requirements. The 4-month execution timeline suggests an intensive development schedule that will contribute significantly to the company's revenue in the near term.

The Government of India has categorically denied reports suggesting it plans to force smartphone manufacturers to share their source code with authorities. The clarification came late Sunday evening through the Press Information Bureau's fact-check unit, directly contradicting a Reuters report published earlier the same day.

Government's Official Response

The Ministry of Electronics and Information Technology issued a comprehensive statement addressing the Reuters report, which had claimed that India was considering mandatory source code sharing as part of a security overhaul. The government's response was unequivocal in its denial.

The PIB fact-check unit took to social media platform X (formerly Twitter) to label the Reuters claim as "FAKE," emphasizing that the Government of India has not proposed any measure to force smartphone manufacturers to share their source code.

Stakeholder Consultation Process

According to the government's statement, the Ministry of Electronics and Information Technology has initiated a process of stakeholder consultations to devise an appropriate regulatory framework for mobile security. Officials clarified that this represents part of regular and routine consultations with the industry regarding safety and security standards.

The government emphasized that once stakeholder consultations are completed, various aspects of security standards will be discussed with the industry. This collaborative approach suggests that any future regulations would involve extensive industry input rather than unilateral government mandates.

Reuters Report Claims

The Reuters report, citing unnamed sources and accessed documents, had claimed that the government proposed mandatory disclosure of source code by all smartphone makers. The report suggested these codes would potentially be tested at designated Indian laboratories as part of comprehensive security measures.

Additional measures mentioned in the Reuters report included:

• Mandatory government alerts before software updates
• Requirements for software changes allowing deletion of pre-installed apps
• Blocking apps from using cameras and microphones in background
• Automatic malware scanning at periodic intervals
• Maintaining 12-month digital records of system activity

The report also claimed that major manufacturers including Apple and Samsung had expressed concerns about revealing proprietary details, though no public statements were issued by these companies.

Industry Implications

The government's swift denial appears aimed at addressing potential concerns within the smartphone industry about intellectual property protection and regulatory compliance. The clarification emphasizes that any future security framework will emerge from collaborative consultations rather than imposed mandates.

The incident highlights the importance of official government communications in addressing market speculation and maintaining clarity around regulatory developments in India's technology sector.