-PTI Project will help strengthen anti-money laundering steps, combat terror financing, says inter-governmental body Paris: India’s Aadhar programme has been praised by the FATF here which said the initiative will not only ensure “financial inclusion” for its teeming population but also tighten anti-money laundering measures in the country. “If successfully implemented, it (Aadhar project) would be the first biometrically verified unique ID implemented on a national scale and would provide the ‘identity...

-The Economic Times The Direct Benefits Transfer (DBT) scheme commenced with the initial rollout in 20 districts covering seven scholarship schemes. Another 23 districts will be covered by March this year. The intention is to link all government benefits to Aadhaar-based identification of beneficiaries and to channelise the cash benefits through Aadhaar-enabled bank accounts. Irrespective of the merits of translating some benefits delivered in kind like in PDS into their cash-equivalent, for...

-The Hindu Hyderabad: Completion of Aadhaar enrolment, opening of bank accounts for all beneficiaries of welfare schemes and seeding of unique identity numbers with the bank accounts in the State is likely to take over six months, notwithstanding the government plans to wind up the work over the next two months. Official sources told The Hindu that it would take nothing less than four months to complete the exercise in all respects...

-The Times of India When the PMO was finalizing the direct benefit transfer (DBT) scheme in October using Aadhaar as the basic platform, at least three other agencies suggested they could implement the new plan equally well. The home ministry's NPR plan prompted the government to divide the work of issuing ID cards in two segments, shrugging off the department of financial services' suggestion that banks and debit cards could be used...

-The Times of India National Advisory Council chairperson Sonia Gandhi has agreed to discuss the cash transfer scheme at a meeting of the UPA's think tank after some members raised concerns about its efficacy and consequences for other social security schemes run by the government, especially the National Food Security Bill. The scheme is likely to be deliberated upon at the next meeting of the council on February 26. It will also...