Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Speedy generation of Aadhaar needed to roll out cash benefit transfers before 2014    </title>
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-The Economic Times



The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of..."/>
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                            <div align="justify">-The Economic Times</div><p align="justify"><br />The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of Aadhaar-linked bank accounts.</p><p align="justify">About 40% of Indians have no access to formal financial services. So, the government wants to step up efforts to open a bank account for every beneficiary and to seed every account with Aadhaar. It has persuaded the RBI to allow banks to recognise Aadhaar as sufficient know-your-customer (KYC) data.</p><p align="justify">This is welcome, as it would make it easy to open bank accounts. But more needs to be done. One way to lower the cost of creating and maintaining millions of no-frills accounts is to use technology and scale.</p><p align="justify">Just like the depository accounts in which assets cumulatively worth India's GDP are held and the accounts of savers in the National Pension System, it is possible to have bank accounts created and maintained by one or two record-keeping agencies.</p><p align="justify">These accounts would be linked to Aadhaar and access can be either through mobile phones or points of presence such as post offices, and portable ATMs with an army of banking correspondents.</p><p align="justify">The accounts would be portable across jobs, geography and banks, as per the agreement between banks and their customers. And access can be controlled as with a normal bank account.</p><p align="justify">An institutional mechanism is already in place, with the National Payments Corporation of India (NPCI) providing a gateway service for banks to connect with the Unique Identification Authority of India that issues Aadhaar and facilitate real-time payments. Shared record-keeping services would be an incremental, yet significant, step towards financial inclusion. All we need is a little imagination and the will to act. </p>                                                           
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    <h1 class="cat-box-title">Speedy generation of Aadhaar needed to roll out cash benefit transfers before 2014</h1>
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                            <div align="justify">-The Economic Times</div><p align="justify"><br />The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of Aadhaar-linked bank accounts.</p><p align="justify">About 40% of Indians have no access to formal financial services. So, the government wants to step up efforts to open a bank account for every beneficiary and to seed every account with Aadhaar. It has persuaded the RBI to allow banks to recognise Aadhaar as sufficient know-your-customer (KYC) data.</p><p align="justify">This is welcome, as it would make it easy to open bank accounts. But more needs to be done. One way to lower the cost of creating and maintaining millions of no-frills accounts is to use technology and scale.</p><p align="justify">Just like the depository accounts in which assets cumulatively worth India's GDP are held and the accounts of savers in the National Pension System, it is possible to have bank accounts created and maintained by one or two record-keeping agencies.</p><p align="justify">These accounts would be linked to Aadhaar and access can be either through mobile phones or points of presence such as post offices, and portable ATMs with an army of banking correspondents.</p><p align="justify">The accounts would be portable across jobs, geography and banks, as per the agreement between banks and their customers. And access can be controlled as with a normal bank account.</p><p align="justify">An institutional mechanism is already in place, with the National Payments Corporation of India (NPCI) providing a gateway service for banks to connect with the Unique Identification Authority of India that issues Aadhaar and facilitate real-time payments. Shared record-keeping services would be an incremental, yet significant, step towards financial inclusion. All we need is a little imagination and the will to act. </p>                                                           
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The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of..."/>
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    <h1 class="cat-box-title">Speedy generation of Aadhaar needed to roll out cash benefit transfers before 2014</h1>
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                            <div align="justify">-The Economic Times</div><p align="justify"><br />The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of Aadhaar-linked bank accounts.</p><p align="justify">About 40% of Indians have no access to formal financial services. So, the government wants to step up efforts to open a bank account for every beneficiary and to seed every account with Aadhaar. It has persuaded the RBI to allow banks to recognise Aadhaar as sufficient know-your-customer (KYC) data.</p><p align="justify">This is welcome, as it would make it easy to open bank accounts. But more needs to be done. One way to lower the cost of creating and maintaining millions of no-frills accounts is to use technology and scale.</p><p align="justify">Just like the depository accounts in which assets cumulatively worth India's GDP are held and the accounts of savers in the National Pension System, it is possible to have bank accounts created and maintained by one or two record-keeping agencies.</p><p align="justify">These accounts would be linked to Aadhaar and access can be either through mobile phones or points of presence such as post offices, and portable ATMs with an army of banking correspondents.</p><p align="justify">The accounts would be portable across jobs, geography and banks, as per the agreement between banks and their customers. And access can be controlled as with a normal bank account.</p><p align="justify">An institutional mechanism is already in place, with the National Payments Corporation of India (NPCI) providing a gateway service for banks to connect with the Unique Identification Authority of India that issues Aadhaar and facilitate real-time payments. Shared record-keeping services would be an incremental, yet significant, step towards financial inclusion. All we need is a little imagination and the will to act. </p>                                                           
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    <br><a href="http://economictimes.indiatimes.com/opinion/editorial/speedy-generation-of-aadhaar-needed-to-roll-out-cash-benefit-transfers-before-2014/articleshow/19117635.cms" class="re" target="_blank">The Economic Times, 22 March, 2013, http://economictimes.indiatimes.com/opinion/editorial/speedy-generation-of-aadhaar-needed-to-roll-out-cash-benefit-transfers-before-2014/articleshow/19117635.cms</a><div class="clear"></div>
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Speedy generation of Aadhaar needed to roll out cash benefit transfers before 2014

Published on Mar 22, 2013   Modified on Mar 22, 2013

-The Economic Times The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of Aadhaar-linked bank accounts. About 40% of Indians have no access to formal financial services. So, the government wants to step up efforts to open a bank account for every beneficiary and to seed every account with Aadhaar. It has persuaded the RBI to allow banks to recognise Aadhaar as sufficient know-your-customer (KYC) data. This is welcome, as it would make it easy to open bank accounts. But more needs to be done. One way to lower the cost of creating and maintaining millions of no-frills accounts is to use technology and scale. Just like the depository accounts in which assets cumulatively worth India's GDP are held and the accounts of savers in the National Pension System, it is possible to have bank accounts created and maintained by one or two record-keeping agencies. These accounts would be linked to Aadhaar and access can be either through mobile phones or points of presence such as post offices, and portable ATMs with an army of banking correspondents. The accounts would be portable across jobs, geography and banks, as per the agreement between banks and their customers. And access can be controlled as with a normal bank account. An institutional mechanism is already in place, with the National Payments Corporation of India (NPCI) providing a gateway service for banks to connect with the Unique Identification Authority of India that issues Aadhaar and facilitate real-time payments. Shared record-keeping services would be an incremental, yet significant, step towards financial inclusion. All we need is a little imagination and the will to act.

The Economic Times, 22 March, 2013, http://economictimes.indiatimes.com/opinion/editorial/speedy-generation-of-aadhaar-needed-to-roll-out-cash-benefit-transfers-before-2014/articleshow/19117635.cms

Tagged with: aadhaar uid cash transfers cash transfer

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