-Livemint.com Only RBI has the power to issue directives to banks, says Indian Banks’ Association Mumbai: The Indian Banks’ Association (IBA) has questioned the jurisdiction of the Unique Identification Authority of India (UIDAI) in issuing directions to banks under the Aadhaar Act, according to two people aware of the matter. IBA has written to the ministry of electronics and information technology, the Reserve Bank of India (RBI) and the finance ministry’s department of...
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Aadhaar linkage: Telcos use pressure tactics on users -Pankaj Doval
-The Times of India NEW DELHI: Telecom operators are bombarding their consumers with messages to link their SIM cards with Aadhaar, going so far as to threaten a disconnection in services. Those who use Airtel, Vodafone and Idea Cellular, among others, have been fielding frequent SMS alerts and tele-calls from mobile operators and their field associates, asking them to link their numbers with Aadhaar. Telecom companies cite a directive from the Department...
More »Six steps to job creation -Santosh Mehrotra
-The Hindu It is crucial to align policy across sectors and upgrade the country’s social infrastructure In India’s highly segmented labour market, one can still discern at least three demographic groups that are in urgent need of jobs: a growing number of better educated youth; uneducated agricultural workers who wish to leave agricultural distress behind; and young women, who too are better educated than ever before. India is indeed the fastest growing large economy...
More »Aadhaar mandatory for PPF, NSC, Kisan Vikas Patra
-The Hindu Existing subscribers have time till December 31, 2017 to link their Aadhaar The Union government has made linking Aadhaar mandatory for the Public Provident Fund (PPF), the National Savings Certificates (NSC) and the Kisan Vikas Patra (KVP). In a series of four notifications, the government said the existing subscribers have time till December 31, 2017 to link their Aadhaar. "Provided further that every depositor under this scheme who has not given his...
More »Aadhaar is free, but enrolment centres fleece applicants -Neha Lalchandani
-The Times of India NEW DELHI: You need an Aadhaar number to buy a phone SIM and open a bank account, but as people rush to enroll, some registration centres in the capital are illegally charging them hundreds of rupees for the service that is meant to be free. TOI found centres fleecing applicants in many places. In the Lal Kuan area of Badarpur, South Delhi, Laxmi, who earns Rs 150-200 a...
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