Bid to add social content to UID scheme, otherwise in limbo With the AADHAR scheme apparently in limbo, the Centre is making a desperate effort to provide it social content. As of now, only 3.5 crore unique identification cards have been issued as against an enrolment of 10 crore people across the country. Matters turned worse when the Reserve Bank of India issued a directive that Bank Accounts could not be opened on...
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Aadhaar alone isn’t enough for a full-fledged bank account by Surabhi Agarwal, Remya Nair & Anup Roy
The finance ministry may have amended the Prevention of Money Laundering Rules, 2005, to notify Aadhaar as adequate to meet KYC norms for opening Bank Accounts, putting it alongside other identity proofs, but banks are still confused Is a unique ID number or Aadhaar number issued by the Unique Identification Authority of India (UIDAI) enough to satisfy the so-called know-your-customer (KYC) norms that banks have to ensure every account they open...
More »Shaming numbers
-The Hindu Among the many forms of gender inequality, perhaps the most insidious is the one related to the sex ratio. India ranks high among countries having an adverse sex ratio, with fewer women than men. The 2011 Census revealed a small improvement in the overall sex ratio, from 932.91 females for every 1000 males (in 2001) to 940.27, but a steep fall in ratio for the 0-6 age group, from...
More »4 million poor women go ‘missing' in developing nations each year: World Bank
-The Hindu Business Line About two-fifths are never born, one-fifth goes missing in infancy and childhood, and remaining two-fifths do so between the ages 15 and 59 There are close to 4 million “missing” poor women in developing countries each year, says a new World Bank report. India accounts for one million of these women. Expressing deep concern at excess female mortality or “missing” females, World Development Report 2012: Gender Equality and...
More »Nilekani panel's terms of reference extended
-The Hindu The government on Tuesday extended the terms of reference of the Nilekani task force on direct transfer of subsidies to include an Aadhaar-enabled unified payment infrastructure. Set up by the Union Finance Ministry under the chairmanship of Unique Identification Authority of India (UIDAI) chief Nandan Nilekani in February, the task force was asked to recommend and implement a solution for direct transfer of subsidies on kerosene, LPG and fertiliser to...
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