-The Times of india NEW DELHI: The Centre's plan to make Aadhaar a basic identity document got a shot in the arm when the Supreme Court on Monday said it would not be wrong on the part of the government to make the unique ID mandatory for opening Bank Accounts, getting mobile connections or passports. The court clarified that its earlier interim order asking the government to make Aadhaar optional only related...
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Note ban effect: Debit cards preferred over credit cards, account for 60% of card spend -Mayur Shetty
-The Times of India MUMBAI: Debit cards have conclusively displaced credit cards as the primary mode of payment in the country following demonetisation. Until October last year, despite outnumbering credit cards by a factor of more than 25, debit cards accounted for only 42% of the total card spend. This has jumped to 60% after demonetisation, which was announced on November 8, 2016. The change is largely driven by small public sector...
More »The long list of Aadhaar linked schemes -K Deepalakshmi
-The Hindu The UID number, popularly known as Aadhaar, was envisaged as an end to fake or multiple identities The UID number, popularly known as Aadhaar, was envisaged as an end to fake or multiple identities. However, the ambitious scheme has been facing controversies and successive governments have been silent on questions on the security of personal data collected by the Unique Identification Authority of India (UIDAI). A Constitution Bench of the...
More »Tamil Nadu: Lion's share of bank loans against gold, villages fall prey to loan sharks -Arun Janardhanan
-The Indian Express Census data of 2011 shows a 17.74 per cent increase in worker population since 2001, indicating a crucial shift from farms as productivity fell. Thiruvarur: B CHANDIRAN is the only male member below the age of 50 in Dalit-dominated Oradiymbalam Jeeva Nagar village in Nagapattinam district. Hunted by loan sharks, the other men in this village of over 60 families have left, and are now doing menial jobs...
More »Is Aadhaar set to become the primary ID? -Tina Edwin
-The Hindu Business Line It appears so, going by the various steps taken by the government in that direction New Delhi: The government seems set to make the Aadhaar number issued by the Unique Identification Authority of India the primary identification number for all citizens of the country for not just delivery of services and benefits but also to keep track of financial transactions of each individual and curb tax evasion. This is...
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