-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...

-The Business Standard Cash transfer is targeted at the poor, but Aadhaar has no role in identifying the poor The disbursement of subsidies through direct cash transfers is round the corner. It will begin in 51 districts in the new year, just over a month away, and in half the country in four months’ time. So it is important to ask: do we have the capability to take on this job,...

-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...

-PTI UIDAI Chairman Nandan Nilekani today said a strategy to tackle corruption at all levels can be effectively and systematically done by use of information technology. "Systemic changes by re-engineering process that interface with the common man through the use of innovative technology solutions will go a long way in addressing the issue of corruption," he said while delivering the 19th Lovraj Kumar Memorial Lecture here. Nilekani, former co-chairman of Infosys Technologies, is...

-Pratirodh.com Biometric data based 12 digit Unique Identification (UID)-Aadhaar Number linked welfare schemes is being bulldozed with 2014 elections in mind with the ulterior motive of altering voting behavior of the citizens by creating a ‘universal identity infrastructure’ linked to ‘unified payment infrastructure’.   Ahead of next parliamentary elections, with the launch of 21st crore UID-Aadhaar Number and Aadhaar Enabled Service Delivery (AESD) on October 20, 2012 contemptuously ignores Parliament, Parliamentary Committee,...