The government has begun a pilot project to give key subsidies in the form of cash to Aadhaar-card holders in Maharashtra's Wardha district, but is the banking sector ready to support the exercise?
CNBC-TV18's look at the challenges these districts are facing in implementing the government's ambitious direct cash transfer. Gopika Gopakumar reports from Wardha, one of the districts selected for the pilot project.
India is in the throes of a massive experiment. Everything the government gives its citizens- pension, fertilizers, insurance, kerosene, employment, dole and scholarships, will all be in the form of cash through a bank account with the beneficiary identified through his/her biometric details
Benefits under 29 welfare schemes being operated by different ministries would be transferred through Aadhaar-enabled bank accounts in 51 districts spread over 16 states from January 1 next year, Finance Minister P Chidambaram said here today.
Market regulator Sebi today said investors can use 'Aadhaar' cards as a valid address proof for their accounts with brokerage firms, mutual funds, portfolio managers and other capital market entities.
Brickwork Ratings has assigned a rating of BWR BBB+ with Positive Outlook for Tera Software Limited‘s (TSL or "the Company") proposed Non-convertible debenture issue of Rs 50 crores with a tenure of 4 years.
The enrolments into the Aadhaar system have crossed 20 crore and the Aadhaar numbers generated upto date have crossed 14 crore. I propose to allocate adequate funds to complete another 40 crore enrolments starting from April 1, 2012.
4G Identity Solutions is the UIDAI empanelled agency to carry out enrolment services across India.
Bobby Parikh, founder and managing partner, BMR & Associates told CNBC-TV18, the objective of the government will be to reduce fiscal deficit by containing subsidies in the upcoming Budget. He said the government can get some efficiency, if they able to use Aadhaar and UID to direct subsidies.
The opposition Congress in Tripura today threatened to launch a state wide campaign if a CBI inquiry is not ordered to unearth alleged irregularities in Aadhaar (Unique Identity Authority of India) scheme implementation in the state.
The Cabinet Committee is likely to meet on Friday to take the final decision on the proposal to give statutory powers to Nandan Nilekani-led UIDAI to issue national identity cards to the entire population instead of the mandated 200 million.
While UIDAI's 'Aadhaar' promises to give millions of poor Indians access to government services and schemes, for entrepreneurs it is an opportunity to create businesses.
The Unique Identification Authority of India (UIDAI) has generated over 3.11 crore 'Aadhaar' numbers till the beginning of this month, with Andhra Pradesh, Maharashtra and Karnataka having garnered the maximum numbers so far, the government said today.
The 'Aadhaar' project of the Unique Identification Authority of India has a target to enroll 600 million citizens by 2014 and over 46 million enrollments have already been done, Parliament was informed today.
The government today asked the Nandan Nilekani headed panel on direct transfer of subsidies to suggest measures for modernising the public distribution system (PDS), which has been plagued by large scale leakages.
Behind every big movement lies the germ of a great idea, behind every change the power of thought that be at government, society or our systems, changes can only begin with an idea. It is to plant these ideas that the National Innovation Council is working.
Expressing concern over rising bad loans with public sector lenders, Finance Minister Pranab Mukherjee today asked them to devise strategies for containing and bringing down non-performing assets (NPAs).
Rupay, the first domestic form of plastic money promoted by the National Payment Corporation of India (NPCI), is fast inking strategic ties with banks to promote the product.
The ambitious ''Aadhaar'' project was able to bring about reformation in the delivery system of various welfare schemes, Chairman of the Unique Identification Authority of India (UIDAI), Nandan Nilekani, said today.
A team headed by Director General, Department of Economic, Statistics Monitoring and Evaluation, SD Tshering along with Project Coordinator T Gelek, and Enrolment agency called on Chief Minister Pawan Chamling at his residence yesterday for the enrolment of the Chief Minister under the Unique Identification Number (UID).
Finance Minister, Pranab Mukherjee while mentioning about UID project in his presentation of Union Budget 2011 said the UID mission has taken off and Aadhaar numbers have been generated in large number. So far 20 lakh Aadhaar numbers have been given and from 1 October, 2011, 10 lakh numbers will be generated per day.