Move could save banks significant money spent on record-checking and documentation In what could usher in an era of paper-less, real-time authentication, the finance ministry is looking into allowing online Aadhaar authentication as a valid proof of identity for opening bank accounts. The ministry is considering an amendment to the Prevention of Money Laundering Act, or PMLA, to recognize online Aadhaar data to satisfy know-your-customer (KYC) requirements. This will pave the way for...
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Rs 33k cr rural jobs scheme didn't work, admits Govt-Rajeev Deshpande
It was UPA 1's winning mantra. But the Rs 33,000 crore a year rural job guarantee scheme may be floundering with the government admitting the flagship programme suffers from delayed payments, poor awareness, lack of durable assets, faulty job cards and muster rolls. The finance ministry has echoed some of the major criticisms of the Mahatma GandhiNational Rural Employment Guarantee Actlisting endemic "lack of awareness about rights and entitlements" and inability...
More »Govt admits key rural jobs scheme floundering by Rajeev Deshpande
-The Times of India It was UPA 1's winning mantra. But the Rs 33,000 crore a year rural job guarantee scheme may be floundering with the government admitting the flagship programme suffers from delayed payments, poor awareness, lack of durable assets, faulty job cards and muster rolls. The finance ministry has echoed some of the major criticisms of the Mahatma Gandhi National Rural Employment Guarantee Act listing endemic "lack of awareness about...
More »Resident I-Cards run into Aadhaar roadblock-Sahil Makkar
-Live Mint Divisions between the Unique Identification Authority of India (UIDAI, or Aadhaar) and the home ministry grew wider on Thursday after the Nandan Nilekani-led entity and the department of information technology (DIT) raised objections to the Resident Identity Card (RIC) scheme. Three high-ranking officials, who spoke independently and on condition of anonymity, said a meeting of the Expenditure Finance Committee (EFC) to clear Rs. 6,790 crore for the home ministry’s RIC...
More »The public needs both gavel and pen-Siddharth Varadarajan
The Judiciary is the third branch of government. As with the Executive and Legislature, the public has a right to see and know and understand the functioning of this branch. That is why India, like every other democracy, has embraced the concept of open court proceedings and trials, except in those situations where, for security or other compelling reasons, in camera hearings are required. In the Mirajkar case ( Naresh Shridhar...
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