MasterCard Worldwide, a leading global payments company, today said it has developed a payment solution for ‘Aadhaar’. ‘Aadhaar’ is a 12-digit Unique Identification Number (UID) that captures basic demographic and biometric information of Indian residents. The UID will make it possible for residents to establish their identity with financial institutions thereby providing them a gateway into the formal banking system. This payment solution will enable Aadhaar holders to perform payment...

Commission agents to start procuring for Central agency from today Bowing to the pressure exerted by the powerful lobby of commission agents, the Food Corporation of India (FCI) has decided to withdraw its directive to make direct payment to farmers in Punjab, Haryana and Chandigarh. Union Agriculture and Food Minister Sharad Pawar, who was in Chandigarh on Monday, had a meeting with Punjab Chief Minister Parkash Singh Badal and Food and...

While there is all-round concern about how the NREGA funds are being utilised at the grass-roots level, the Union rural development ministry has initiated the process of inducting technology to streamline the delivery system under NREGA. This will have a revolutionary impact on programme delivery. With about 50 million people working on site in 2,50,000 panchayats all across the country, the magnitude of the task is daunting. However, once the initial...

To eliminate misuse and leakages from its flagship rural employment programme, India could introduce biometric-aided identity checks that can be verified remotely. The government’s initiative comes at a time when the Mahatma Gandhi National Rural Employment Guarantee Scheme has been criticized for leakages. It is the government’s largest social sector spending programme with allocation for this fiscal pegged at Rs40,100 crore. The proposal, which has already been submitted to the government for...

India has launched its first high-tech census. Citizens will be photographed and will give 10 fingerprints each. The resultant database will be used to issue identity cards, and later smart cards, to all.  All Indians will welcome high-tech smart cards. Yet the technological lead has been taken not by the census commissioner but, astonishingly, by Bihar. This state has just completed a pilot project for smart cards in Patna district,...