-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...
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The taxman is watching, says FinMin-Remya Nair
-Live Mint Govt reiterates it will crack down hard on tax evaders, defends steps introduced in Finance Bill to check evasion The government on Tuesday reiterated its intention to crack down hard on tax evaders and defended some of the stringent provisions introduced in the Finance Bill last week to check evasion, including granting wider powers of arrest to taxmen and making certain offences non-bailable. Finance minister P. Chidambaram, in his budget speech...
More »Aadhaar must be basis for direct benefit transfers: Ashok Khemka
-The Economic Times The Direct Benefits Transfer (DBT) scheme commenced with the initial rollout in 20 districts covering seven scholarship schemes. Another 23 districts will be covered by March this year. The intention is to link all government benefits to Aadhaar-based identification of beneficiaries and to channelise the cash benefits through Aadhaar-enabled bank accounts. Irrespective of the merits of translating some benefits delivered in kind like in PDS into their cash-equivalent, for...
More »Varad Pande, Officer on Special Duty, Ministry of Rural Development interviewed by Samie Modak & Abhineet Kumar
-The Business Standard Varad Pande, officer on special duty, ministry of rural development, says the Aadhaar identification project aims to cover at least half of country’s population by next year. He talks about where it has reached, in an interview with Samie Modak & Abhineet Kumar. Edited excerpts: * What is the Aadhaar project’s status? The project started about two years earlier and now has a little more than 270 million enrolled, roughly...
More »Karnataka to launch rural job scheme cash transfer pilot- Shamsheer Yousaf
-Live Mint The project is part of the country’s ambitious cash-transfer plan for selected welfare programmes Bangalore: Karnataka will start transferring cash directly to the bank accounts of the beneficiaries of India’s rural job guarantee scheme on a pilot basis in seven districts later this year, the state government said. This is part of the country’s ambitious cash-transfer plan for selected welfare programmes that the central government wants to eventually adopt across the...
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