Last month, technology giant Microsoft said it had been working on a pilot to link Skype with the Aadhaar database to explore if the identification service can be used on video calls, including those with government institutions.
"Under Incentive Refund Scheme, up to 10 percent of the administrative charges will be paid back to employers on meeting certain conditions. The scheme will be operational for one year till December 31, 2016," an official told PTI.
It will also set up a national hub in the Ministry of Micro Small and Medium Enterprises (MSME) in partnership with industry associations to provide professional support to scheduled caste/scheduled tribes (SC/ST) entrepreneurs, Finance Minister Arun Jaitley said while announcing Union Budget 2016-17 in Parliament.
"The duty drawback scheme has been widened and deepened to include more products and countries. The government will continue to take measures to support the export sector," Jaitley said in his Budget speech for 2016-17.
"Additionally, as I will elaborate later, we will undertake significant reform including enactment of a law to ensure all government benefits are conferred to people who deserve it by giving a statutory backing to the Aadhar platform," Finance Minister Arun Jaitley said while announcing Union Budget 2016-17.
The central and state governments subsidise a wide range of products â€” including rice, wheat, pulses, sugar, kerosene, LPG, naphtha, water, electricity, fertiliser, iron ore, railways, among others â€” in order to make these affordable.
"If our companies flourish, if innovation, competition flourish and you people flourish...we are going to generate resources and opportunities to be a pro-poor government," he said at the India Digital Summit
The new e-filing system, operationalised last year, allows online verification of a person's ITR (Income Tax Return), thereby ending the practice of sending paper acknowledgment to the Centralised Processing Centre (CPC) of the IT department located in Bengaluru.
The UPI , which is a first of its kind across the world, is designed to enable users to send and receive money through their smartphones from their existing bank accounts, using certain unique identification details like Aadhaar number, mobile phone number or a virtual payments address without having to enter their bank account details.
In a CNBC-TV18 panel interview, a number of star speakers came together to discuss what India is and can do to push financial inclusion through the digital revolution.
Moderating the concluding session of the Delhi Economics Conclave, Finance Minister Arun Jatiley said, "I think" now across the political spectrum, state governments and political groups the need and utility for Aadhaar has been universally recognised.
Nilekani was speaking to CNBC-TV18's Shereen Bhan along with Viral Shah, co-author of his latest book Rebooting India: Realizing a Billion Aspirations.
In any industry, increase in competition thins margins. In banking, the number of players is set to increase from 45 in 2014 to 66 by 2016, which is a 45 percent rise in the number of competitors.
The statement was made by a five judge constitutional bench headed by the Chief Justice of India (CJI). The bench is hearing the case on the application as well as implementation of Aadhaar.
Kotak Mahindra Bank is India's first bank to achieve this distinction, which encourages cashless transactions by enabling customers to transfer up to Rs 2,500 per day and at a time, it said.
Various government bodies have requested the apex court to make Aadhaar compulsory for availing government services.
In a jolt to the Centre, the Supreme Court Wednesday refused to modify its interim order and allow bodies like RBI and SEBI and some states to allow voluntary use of Aadhaar card for welfare schemes other than the public distribution system (PDS) and LPG schemes.
Aadhaar can be used as a common link among the people of the country to integrate administrative data to understand the actual position on the ground, Chief Statistician T C A Anant has said.
A Supreme Court bench hearing the applicability of Aadhaar for essential services referred the matter to a larger Constitutional bench, and refused to provide interim relief for it and regulators seeking the use of the identification program.
The decision to shift UIDAI from Niti Aayog, which has replaced Planning Commission, has been taken keeping in mind the government's ambitious 'Digital India' programme as the Aadhaar numbers are being linked with several services, official sources said.
The Employees' Provident Fund Organisation's (EPFO) apex decision making body, the Central Board of Trustees (CBT) will consider the report of the expert committee on housing facility for the subscribers, as per the agenda of the meeting.
The company will launch a 'Mudra' card, a credit card and an international card, its Chairman M Balachandran told reporters here. NPCI, which had launched the RuPay payment scheme earlier, is in talks with Japanese and Chinese bank card associations to enable Indians avail of international services wherever the two firms are operating.
"With greater focus on retail, SME and priority sector lending especially agriculture, we expect the credit growth to pick up to 12 percent in the current fiscal," Corporation Bank Chairman and Managing Director S R Bansal told PTI.
With the government seeking to up its e-governance push -- including with its ongoing Digital India Week -- a key player that has played a major role in such projects in the past is eyeing a sizeable growth opportunity.
On today's Sebi norms on listing start-ups, S Sriniwasan, CEO of Kotak Realty Fund says there is significant value for start-ups to list in the home market. According to him, Sebi has tried to walk a middle-path as far as listing of start-ups is concerned.