-The Times of India NEW DELHI: The Aadhaar number is all set to become an alternative for all online and card transactions which require password and PIN. Unique Identification Authority of India (uidAI) is developing a mobile app that can be used by shopkeepers, merchants or individuals for receiving payments. The move is part of the drive, anchored by Niti Aayog, to make India a cashless economy after the government scrapped high-value...
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Vanishing Note, Yawning Chasm -Shaji Vikraman
-The indian Express Govt hopes demonetisation will accelerate India's drive towards a cashless economy. The challenge, however, is to get the unbanked millions into the net. Mumbai: FOR MOST of this year, bankers at State Bank of India, the country’s largest bank, were trying hard to market Point of Sales (POS) machines for debit and credit cards to small businesses and establishments. This would give the bank access to funds at relatively...
More »Abhijit Sen, economist and former chairman of the Commission for Agricultural Costs and Prices, interviewed by Lola Nayar
-Outlook Economist Abhijit Sen on how Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Former chairman of the Commission for Agricultural Costs and Prices, economist Abhijit Sen, in an interview with Lola Nayar, explains that Prime Minister Narendra Modi is planning a greater tax intake buying into the idea of a transition to a cash-less economy. Sen expects a tax amnesty scheme...
More »Govt to keep Aadhaar records for 7 yrs, prompts fears of surveillance -Aloke Tikku
-Hindustan Times New Delhi: The government will keep a record of all the services and benefits availed using the Aadhaar number for seven years, say new rules, prompting fears that the database could be used for surveillance. The Unique Identification Authority of India (uidAI), which issues the 12-digit biometric identity to all Indian residents, will be required to preserve its record of verification of an Aadhaar number for the duration. “This is an...
More »Govt to link all ration cards to Aadhaar by end-FY17 -Nitin Sethi
-Business Standard Fingerprint failure reports of existing Aadhaar-linked PDS cases not revealed The National Democratic Alliance (NDA) government has decided to complete the linking the bank accounts to Aadhaar numbers of all the beneficiaries of large social schemes, including the National Food Security Act, by March 2017. Once done, the delivery of these schemes would be based on biometric authentication linked to Aadhaar or direct cash transfers to linked bank accounts of...
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