-The Economic Times A panel headed by Nandan Nilekani, chairman of the Unique Identification Authority of India, has suggested all government payments above Rs 1,000 be gradually made or received electronically to cut graft, and bring about greater transparency and accountability.  The panel has also recommended creation of a network of 10 lakh interoperable micro-ATMs operated by business correspondents to allow people to access their accounts at their own convenience and said...

For a change, Mangal Bedia did not board a crammed bus today and travel 15km to withdraw his old-age pension from a bank. The 70-year-old from Dohakatu village in Ramgarh district, along with 100-odd fellow elders, became the first citizens to access old-age pension by using their Aadhaar numbers with handheld ATMs on the doorstep. The banking service reached their village, thanks to the Unique Identification Authority of India (UIDAI). Until today,...

-The Hindu   Prompt payment through bank; corruption eliminated; in fact, some workers have a saving They are all manual workers earning Rs. 100 daily under the Mahatma Gandhi National Rural Employment Guarantee Scheme and some of them have a bank balance — no matter how small — made possible because of their financial inclusion and the introduction of technology that links their accounts biometrically through the Aadhaar number. As the new system ensures...

The problem of water shortage in city slums could find an answer in ‘pay-and-use’ water ATMs scheme, which the Delhi government is studying at present. According to the proposal (Newsline has a copy), the water will be filtered at a centrally located plant through reverse osmosis, and supplied to a network of decentralised, “off-grid” and solar-powered ATMs that will be located in areas with low water supply. “Potable water will be sold...

The Election Commission's crackdown on candidates using black money in electioneering has forced politicians to come up with innovative methods. Two ATM vans, belonging to two private banks, were seized with nearly Rs 13 crore cash in poll-bound Uttar Pradesh last week by Income Tax's flying squad, a part of which has remained unclaimed for the last four days. The EC has written to RBI to instruct the two large private...