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...

-The Economic Times   An embarrassing goof-up by the Delhi Police saw a Delhi court to discharge top CPI(Maoist) leader Kobad Ghandy on Tuesday of charges under the Unlawful Activities (Prevention) Act (UAPA), even as it framed charges against him under IPC provisions relating to cheating, forgery and impersonation. The failure of the Delhi Police to get mandatory clearance from a UAPA review committee constituted by the relevant sanctioning authority - the Delhi...

India moved a step closer to implementing cash transfers of direct subsidies and social welfare payments after a high-level panel presented the blueprint for effecting it through an Aadhaar-based payment gateway. Accepting the report, which details how all payments and cash transfers can be made electronically, finance minister Pranab Mukherjee indicated that it will be the key to plug leakages and ensure more targeted spending under the government’s social welfare programmes. The...

-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...

As you read this, the Unique Identity (UID) programme is likely to have enrolled 200 million Indians. The UID, if it is allowed to, will eventually become the world's largest database of human biometric markers - fingerprints, photo and iris scans. It could go on to 400 million by the end of the year and 600 million by next year. What good is this? If you talk to opponents concerned with civil...