One of the key factors to inclusive growth is financial inclusion for all. Financial inclusion refers to universal access to a wide range of banking solutions and financial services in a fair, predictable and transparent manner at affordable costs. The poor tend to be ignored because the transaction costs in serving them are high. Initiatives that reduce these costs will allow service providers to begin thinking of financial services for...
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Digital divide: IT boom in India left women behind, finds study by Himanshi Dhawan
As you scan a busy street or travel on a train, the ubiquitous mobile is everywhere. And yet, one of India's biggest success stories - the use of mobile technology - has reached women only partially. A recent study shows that 12% fewer women own mobiles as compared to men. The gender gap is even higher in internet use with women comprising just 17% of total internet users. Interestingly, 20%...
More »'Aadhar to verify LPG, phone connections’
-The Indian Express The Unique Identification Authority (UIDAI) has begun two-pilot projects that would allow public sector oil marketers to make LPG transfers as well as getting mobile Connectivity easier and transparent for consumers, UIDAI chairman Nandan Nilekani said. "We are running a pilot programme in Mysore using the Aadhar platform for giving LPG connections. One could get an LPG connection through the use of an Aadhar number. Similarly, in Hyderabad, this...
More »UIDAI next focus on services and applications
-The Business Standard Having enrolled 200 million Indian citizens for Aadhaar, the Unique Identification Authority of India (UIDAI) is now taking the initial steps to the services route. UIDAI chairperson Nandan Nilekani said that they have started two pilots that will allow the oil industry to bring in transparency in LPG transfer and the use of Aadhaar for getting mobile Connectivity. UIDAI is running a pilot in Mysore using the Aadhaar platform for...
More »Rs 565 cr stashed in Geneva accounts: Report by Ritu Sarin
The government’s draft report on black money — that has been circulated to members of the high level committee on black money for final comments — confirms that details of the HSBC accounts in Geneva have given the country its biggest black money trail. Citing this as an instance where the government has moved fast in tracing the coded account holders, the report states that the receipt resulted in information...
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