OVER 2.5 crore job card holders registered under Mahatama Gandhi National Rural Employment Act (MGNREGA) could be affected by the rural development ministry’s decision to introduce biometrics to the scheme. The job cards of beneficiaries in 200 districts across India are set to expire in 2011. The process of job card renewal under the biometric system would take six months to two years. This would deny the registered people 100 days...

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...

The Unique Identification Authority of India is already seeing a massive explosion for bank accounts among people enrolling for Aadhaar or the unique IDs issued by the authority, its chairman Nandan Nilekani said. Some 80% of people enrolling for the IDs want bank accounts, he said at a lecture here organised by the Indian Institute of Banking & Finance on Thursday. “If we are able to provide every such person with...

Industrialist Ratan Tata has the capacity to challenge a breach of his privacy in the Supreme Court. But what about the nearly 60 crore Indian residents who don’t know what will become of the biometric data being collected by UIDAI? The leak of the Niira Radia tapes in India and thousands of US classified documents on WikiLeaks, has stirred up again the debate on privacy. Earlier this week, Tata group chairman...

The government is planning a complete overhaul of the way the power sector is financed and subsidies are delivered, attempting to address a funding shortfall delaying the construction of electricity projects and worsening a chronic power deficit that threatens to sap growth in India’s energy-hungry economy.This exercise is based on a report submitted by a panel headed by Montek Singh Ahluwalia, deputy chairman of the Planning Commission, to the power...