Aadhaar is now mandatory for all post office deposits, the public provident fund (PPF), the national savings certificate (NSC) scheme and the Kisan Vikas Patra (KVP). The Finance Ministry has issued four separate notifications, declaring Aadhaar is mandatory for the schemes. Existing depositors have been given time till December 31, to provide the 12-digit unique identification number. In an interview to CNBC-TV18, Sanjay Hegde, Senior Lawyer at Supreme Court discussed the ramifications of this move.
Sanjay Hegde, Senior Lawyer says now it is too late as most people have spread their black money across many hands. Hence, it has also become very difficult to track.
There were two cases before Indian courts today that raised some important question marks over the ease with which cases can be filed on percieved notions of offence being taken.