-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...
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NIPFP study says large returns expected from Aadhaar project
-PTI Integrating unique identification number project “Aadhaar” with various social sector schemes like rural employment guarantee programme and PDS, would yield rich dividends for the government, says a study. According to cost benefit analysis study done by the National Institute of Public Finance and Policy (NIPFP), the investment on Aadhaar project would provide a return of as high as 52.85 per cent to the government. Substantial benefits would accrue to the government by...
More »Aadhaar will save Rs. 1.10 trillion for govt: Study
-The Hindustan Times The UPA government's ambitious unique identification or Aadhaar project would result in saving of about Rs. 1,10,000 crore by 2020, around 58% of expenditure of major public welfare schemes, a Planning Commission study released on Saturday said. The Prime Minister's Office had given April 2014 as the deadline for disbursing cash transfer through the UIDAI platform for all major government schemes. A cost benefit analysis done by the National...
More »Push for cash transfers via Aadhar platform
-The Times of India The government is moving rapidly to enable cash transfers through the Aadhar platform with 51 districts to be covered by January 1, 2013, and half the country four months later — a bid to rollout an initiative aimed at streamlining subsidies while also earning votes. The plan is to put money directly into bank accounts of beneficiaries of government schemes like scholarships, cheap food under the Public Distribution...
More »UIDAI launches public data portal for Aadhaar
-ANI The Unique Identification Authority of India (UIDAI) has launched its 'public data portal' for the Aadhaar project in line with the national data sharing and accessibility policy (NSDAP) 2012. The portal will enable the public to access several anonymised datasets generated in the UIDAI ecosystem. The public data portal is in consonance with the larger vision of the Government of India to make data available through data.gov.in. The UIDAI has also been...
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