UIDAI chief holds discussions with Kiran on project’s progress The Unique Identification Authority of India (UIDAI) is hopeful of covering another 40 crore population under the Aadhar cards in the coming two years. UIDAI chairman Nandan Nilekani said the authority had taken steps to address the shortcomings like duplication and fake enrolments identified during the first phase and efforts were underway to develop Resident Database in all States. Mr. Nilekani told reporters after...

-The Economic Times Nearly 6 crore formal sector employees could look forward to retiring with a minimum pension of Rs 1,000 a month, in addition to their provident fund savings, if the finance ministry green signals a labour ministry proposal to increase the pension of PF subscribers.   At present, most provident fund subscribers receive less than Rs 500 a month as pension after decades of service, with some getting as low as...

-The Indian Express At a time when the government is struggling to get past objections from its coalition partners to attract investment in certain sectors such as retail, aviation and pensions fund management, a grim internecine ministerial battle has applied the brakes on foreign direct investment flow into one of the more attractive and lucrative sectors — pharmaceuticals. Clearances for over Rs 1,000 crore FDI in this sector, the second largest in...

-Business Today "I want it back," says Sharada Begum. The 67-year-old woman is a member of one of the 100 households of Raghubir Nagar, a resettlement colony in west Delhi, chosen to participate in a pilot scheme that aimed to turn the public distribution system (PDS) on its head. Through all of 2011, these households had Rs 1,000 transferred every month to a woman member's bank account in lieu of rice, wheat,...

-The Business Standard Financial inclusion in Madhya Pradesh helps the Centre's cash transfer projects It may not take a century for villages in India to get banks, and villagers to own accounts. Madhya Pradesh is paving the way for financial inclusion. The state is suddenly full of excitement about what it considers is a feat. Its rural development department has hired publicity agents to spread the word that every villager in the...