A Mint story (by Ravi Krishnan, Pallavi Singh and Sapna Agarwal) on an interesting initiative which, I think, is also worthwhile:
Academic certificates from school to graduate and postgraduate levels, including professional degrees, will be mandatorily registered with the depository through the respective boards, universities and other institutions once the legislation is passed, with information retrievable on payment of a fee.
[...]“The e-certificate programme would work very much like demat (dematerialization of shares), except that the physical copy of the certificate will be in the hands of the candidate,” he said.
The story also has this shocking statistic:
According to ... a background screening firm, at least 15% of resumes they checked last year had false information [...].