Move could save banks significant money spent on record-checking and documentation In what could usher in an era of paper-less, real-time authentication, the finance ministry is looking into allowing online Aadhaar authentication as a valid proof of identity for opening bank accounts. The ministry is considering an amendment to the Prevention of Money Laundering Act, or PMLA, to recognize online Aadhaar data to satisfy know-your-customer (KYC) requirements. This will pave the way for...

Home minister P. Chidambaram has set a two-year deadline for completing the National Population Register (NPR). In a release today, his ministry said the register was “likely to be” completed by March 2014, the statement coming a day after the Union budget announced that the Aadhaar platform was ready to support payments for projects like the rural job scheme. Aadhaar, a project of the Planning Commission, is the unique number meant for...

As you scan a busy street or travel on a train, the ubiquitous mobile is everywhere. And yet, one of India's biggest success stories - the use of mobile technology - has reached women only partially. A recent study shows that 12% fewer women own mobiles as compared to men. The gender gap is even higher in internet use with women comprising just 17% of total internet users. Interestingly, 20%...

-The Shillong Times   Taking cognizance over malpractices prevailing in the Public Distribution System (PDS) in the State, the Government is planning to computerize the whole system to check the malaise. To achieve this objective, the State Government has already submitted a Detailed Project Report (DPR) amounting to Rs 43 crore for computerization of the Public Distribution System (PDS) to the Central Government. “We had submitted the DPR through the National Informatics Centre (NIC)...

-The Business Standard   Its guarantee of non-duplication can have far-reaching cost benefits but it has deep design flaws that can be compromised. PRAVEEN CHAKRAVARTY Former Volunteer, Financial Inclusion, UIDAI* “Aadhaar is an unadulterated identity programme that answers the question: Is the individual who he or she claims to be?”   The word “unique”, and not “identity”, is central to the unique identity programme or Aadhaar. It may be true that the vast majority of people possess some...