Media Reports The UID Aadhaar project planning and system design shortcomings and security risks at the national (or macro) level have been discussed elsewhere.1 The present article views the Aadhaar project at the system operational level, with practical considerations based on observed and probable functioning at the service delivery end. Consider the following report in a local daily, The Mysore Bugle: Food riots: PDS outlet vandalised Mysore: August 2, 2015—The PDS outlet in Ashokpuram...
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Ministry approves proposal for UID-linked direct subsidy transfer by Surabhi Agarwal
The finance ministry has put its seal of approval on a proposal to directly transfer subsidies to the bank account of a beneficiary that is linked to her Aadhaar, or unique identification (UID) number. The government has previously articulated its desire to experiment with direct transfers to make its management of subsidies more efficient and ensure benefits actually reach the targeted people. In a notification issued on Tuesday, the finance ministry extended...
More »Bring corporates under Lokpal: CVC
-The Economic Times The Central Vigilance Commissioner has reopened the debate on the mandate of the proposed Lokpal by suggesting that corporates should be brought under the purview of the proposed anti-corruption bill to check graft effectively. He also said that corruption in higher levels of bureaucracy, as also among political executives, should be dealt with by Lokpal, provided there was a proper demarcation of work to avoid overlapping of powers...
More »Banks told to integrate operations with Regional Rural Banks for rural lending by Dheeraj Tiwari
In an attempt to extend the reach of banks in rural and semi-urban areas, the finance ministry has asked Public Sector Banks to integrate their operations with regional rural banks (RRBs). "Charges for various banking services used by customers of RRBs are to be aligned with the sponsoring banks," a finance ministry official said on condition of anonymity. "Further, cheques or drafts issued by RRBs should be treated at par...
More »Warehouse norms may lessen food inflation by Anirudh Laskar & PR Sanjai
The proposed regulations aim to create a new countrywide infrastructure for trading of commodity-based securities in the form of electronic receipts as with equity shares on exchanges A committee under the Warehousing Development and Regulatory Authority (WDRA) has recommended regulatory changes that can effectively control prices of food items, improve lives of farmers and change the warehousing landscape in India. The proposed regulations, drafted in consultation with the capital market regulator, the...
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