-The Economic Times In what could hobble the government's plans to give Aadhar a key role in banking and a central pin of the direct cash transfer scheme, several state-run banks have refused to bear any liability for transactions done with customers that were authenticated through the unique identity (UID) mechanism. Banks and the Reserve Bank of India (RBI) had been convinced by the finance ministry to use Aadhar to fulfill the...
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Speedy generation of Aadhaar needed to roll out cash benefit transfers before 2014
-The Economic Times The government wants to roll out cash benefit transfers throughout the country before the end of its term in 2014. It is a laudable goal, but will require speedy generation of Aadhaar, the unique identification number, and of Aadhaar-linked bank accounts. About 40% of Indians have no access to formal financial services. So, the government wants to step up efforts to open a bank account for every beneficiary and...
More »Second phase of cash transfers may cover jobs scheme- Surabhi Agarwal, Kirthi V Rao and Elizabeth Roche
-Live Mint Attempt to broad-base direct benefits transfer plan may help shore up the Congress’s standing among rural population The Congress-led United Progressive Alliance (UPA) government plans to include its flagship rural job guarantee programme in the second phase of its ambitious direct benefits transfer (DBT) plan, under which beneficiaries of social welfare programmes will receive money directly in their Aadhaar-linked bank accounts. The attempt to broad-base the cash transfer plan before several...
More »Aadhaar should be led by less glamorous person
-The Economic Times Almost every fortnight, Nandan Nilekani knocks on the doors of the Reserve Bank to push his case for making Aadhaar an easy gateway to a bank account. He has reached a frontier that, when crossed, could multiply the number of Indians, untouched by high-street banks, to have accounts. An inexpensive technology to execute this exists: the fingerprint of the person with a 12-digit individual identification number is all a...
More »UIDAI mum on Aadhaar cards for Prime Minister, Sonia
-The Times of India HYDERABAD: A recent RTI query to the Unique Identification Authority of India (UIDAI) for information on whether India's 'top brass' possessed Aadhaar cards, has come back without any response. The RTI query was filed by city activist Rakesh Reddy. While Reddy, under the Act, demanded to know if Prime Minister Manmohan Singh, UPA chairperson Sonia Gandhi, UIDAI chairman Nandan Nilekani, deputy chairman of Planning Commission Montek Singh Ahluwalia...
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