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...

Ashish Bose is a veteran demographer whose expertise in analysing population data persuaded the former Prime Minister, the late Rajiv Gandhi to make him an advisor on issues ranging from urbanisation to poverty alleviation. He is best known for coining the term Bimaru (shorthand for Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh) for states with the worst socio-economic indicators. An author of 24 books, he is now working on a...

The Supreme Court has handed down an extraordinary decision with some extraordinary arguments directing the central government to execute the “river interlinking project”. How could the Court which says “it can hardly take unto itself tasks of making of a policy decision or planning for the country on the need for acquisition and construction of river linking channels” then go on to actually take the very same policy decision and...

The Budget provides proof of the United Progressive Alliance government having forgotten the importance of its own “flagship schemes”. BUDGET 2012-13 provides conclusive proof that the United Progressive Alliance (UPA) government has lost its way. It has managed the remarkable feat of upsetting almost everyone and making no one happy. The Budget is highly regressive in both taxation and spending terms and will raise prices of essentials, so aam aurat and...

The way has been cleared for public access to the data collected by Union government ministries and departments, with official approval being accorded to the National Data Sharing and Accessibility Policy (NDSAP). Following its recent approval by the Union Cabinet, the policy has been notified and is in the process of being gazetted, said R. Siva Kumar, CEO of the National Spatial Data Infrastructure, and head of the Natural Resources Data...