-Economic and Political Weekly A cost-benefi t analysis by the National Institute of Public Finance and Policy of the benefits from Aadhaar integration with seven schemes throws up huge benefi ts that are based almost entirely on unrealistic assumptions. Further, the report does not take into account alternative technologies that could achieve the same or similar savings, possibly at lower cost. Reetika Khera (reetika.khera@gmail.com) is at the Institute of Economic Growth on...
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Missing the masses-Manu Moudgil
-The Hoot The media welcomed the UID's promise of giving an identity to those outside the system, but has failed to track its failure to do so. On January 1, the Indian government announced roll out of its ambitious cash transfer scheme in 20 districts of the country based on unique identification (UID), also called Aadhaar. The media, while presenting the pros and cons of cash transfer, also mentioned that...
More »Inside the Direct Cash Transfer Debate-Udit Misra
-Forbes India A look at the crucial issues involved Over the past three years, India has vigorously debated the merits of having a Unique Identity (UID) number for each citizen and, allied with it, the move towards direct cash transfers (DCT) of subsidies (like food, fuel and fertilizer) and social security endowments, like pensions and scholarships. On January 1, India took its first steps towards UID-enabled direct cash transfers. But the move has...
More »RBI’s KYC guidelines: You can now open a bank account with just one document-Vivek Sharma
-MoneyLife.in The latest RBI KYC guidelines for opening new bank accounts make it a lot easier for common man as only one document would suffice as proof of identity and proof of residence The Reserve Bank of India (RBI) has come with modifications in KYC (Know Your Customer) guidelines. These modifications have been introduced as per the circular date 10 December 2012 (RBI/2012-13/322 DBOD.AML.BC. No. 65/14.01.001/2012-13). It is important to note that...
More »Ram Sewak Sharma, Director General of UIDAI interviewed by Pratap Vikram Singh
-Governance Now An alumnus of IIT Kanpur, Ram Sewak Sharma is a 1978 batch Indian administrative service officer belonging to Jharkhand cadre. Sharma is praised for laying down IT infrastructure in Jharkhand. In his role as the director general of unique identification authority of India (UIDAI) Sharma is chauffeuring ‘Aadhaar-enabled service delivery’ which would result in saving huge financial resources to the public exchequer. In an interview with Pratap Vikram Singh,...
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