Saral Money makes sure that everyone with an Aadhaar (Unique Identification Number issued by the Government) automatically has an instant account in a bank. The Aadhaar holder can also purchase a card for a nominal fee to operate the account.
Government to transfer dole directly to your account using Aadhar from January 2013 [Direct cash transfer]
The government has announced that all departments which transfer benefits to individual citizen must quickly move to an Aadhaar based payment platform and start implementing direct cash transfers to beneficiaries. It means that people who get government pensions, subsidies and…
Newsreel [Oct 20th]: British startup produces the first – “petrol from air”, PM launches Aadhar enabled delivery system
A British startup has produced the first “petrol from air” using a revolutionary technology that promises to solve the energy crisis as well as helping to curb global warming by removing carbon dioxide from the atmosphere.
Now, PAN would work as a common financial market denominator and the Unique Identification Authority of India (UIDAI) will be a KYC enabler for investor’s accounts with Asset Management Companies.
In order to weed out the problem of fake PAN cards and to ensure an accurate biometric data, the Government has initiated a project to bring together both the Aadhar and the PAN databases.
One million people to enroll per day for Aadhaar by October:Nandan Nilekani More than a million people will enroll for unique Aadhaar identity number per day by October which has so far been provided to 37 million people across the…
KYC (i.e. Know Your Customer) has been a serious concern for organizations like banks, telecom operators owing to lack of standardization of data across the system. But now that UID (Aadhar Project) is expanding to different parts of country and…
The Supreme Court has just ordered the government not to share Aadhaar details with any agencies without the permission of the Aadhaar user.
To encourage domestic production of mobile handsets, the government has proposed to restructure excise duties in all categories to 6% with Central Value Added Credit & 1% without Cenvat credit.
The Unique Identification Authority of India (UIDAI) has issued 56 crore Aadhaar numbers across the country.