-The Times of India Nagaland Police allegedly used fictitious bills to withdraw Rs 4 crore for the procurement of 1,750 fire extinguishers, the Comptroller and Auditor General (CAG) of India said in its annual report tabled in the recently-concluded Nagaland budget session. The report said that the government had sanctioned the funds under major heads-arms and ammunitions-on the basis of the proposal submitted by the office of DGP, Kohima. The office of...

Finance minister Pranab Mukherjee ushered in a regime of cash transfers for the payment of subsidies for food, fertilizers and kerosene, along with social welfare payments, by accepting the recommendations of a panel headed by Nandan Nilekani, chairman of the Unique Identification Authority of India. The recommendations, submitted last month, had prepared a blueprint for transferring cash directly into the bank accounts of the beneficiaries by linking these to their unique...

Budget 2012 has further validated the existence of the Unique Identification Authority of India, whose identity was under question barely six months ago, by giving it more money and responsibilities to shape the government's technological interventions. The government has allocated the UIDAI Rs 1,758 crore from the Budget in 2012-13, a year-on-year increase of 47%, primarily to increase enrolments of Indians for unique IDs to 600 million, from 200 million.  A...

-PTI The UIDAI's Aadhaar project for providing unique identity numbers to residents, has huge potential to improve the delivery of social sector schemes like rural employment guarantee, the Economic Survey 2011-12 said. "Aadhaar has huge potential for improving operations and delivery of services," the survey said. The Unique Identification Authority of India (UIDAI), attached to the Planning Commission, is engaged in providing residents in the country a Unique Identification number (called Aadhaar) linked...

One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...