The Unique Identification Authority of India is working with banks and the Reserve Bank of India to ensure that merchants who use its mobile-based application for digital transactions earn a commission of up to 1% of the transaction value. With UIDAI suggesting it is on path to get this in place in a couple of months, the Aadhaar Enabled Payment System could give debit cards and e-wallets a run for their money.
Account holders with banks have been asked to link their accounts with their Aadhaar number and also provide mobile phone number. Lead Bank Manager A. Sakthivel held a discussion with the representatives of all banks here on Monday to encourage their customers to provide the Aadhaar number and mobile phone numbers. A communication from the Union Finance Ministry said that only 44 per cent of the bank customers had provided their Aadhaar numbers.
The government today defended in the Supreme Court its decisionto make Aadhaar mandatory for issuing of PAN cards, saying it was done to curb the use of fake PAN cards across the country. Attorney General (AG) Mukul Rohatgi told a bench comprising Justices A K Sikri and Ashok Bhushan that the programme of PAN had become suspect as it could be faked while Aadhaar is a “secure and robust” system by which the identity of an individual cannot be faked.
Opt for a credit card whose benefits in the form of cashbacks, discounts, reward points and lifestyle programmes outweigh the various mandatory fees associated with it. Credit cards today have become an integral part of our lives. They save us from the hassles of carrying cash, allow us to optimise our finances better through interest-free periods and EMI options, enable us to maintain a good credit score and avail attractive cashbacks, discounts and reward points offered by banks.
Government will soon roll out Aadhaar Pay service that will enable people to make and receive payments using their Aadhaar number and biometrics. “We are going to start Aadhaar Pay. With this people will not require to carry their phone for payments. They can visit any merchant, share their Aadhaar number and verify themselves using biometrics to pay and receive money,” Electronics and IT Minister Ravi Shankar Prasad said on Friday.
The Supreme Court, in an order in February this year, had observed that, “an effective process has been evolved to ensure the identity verification, as well as, the addresses of all mobile phone subscribers for the new subscribers. All existing subscribers of mobile services will have to go for Aadhaar-based re-verification soon, with the government instructing telecom operators to initiate the process. Cellular operators’ body COAI said its members may meet this week to discuss the modalities of rolling out the verification process for the existing one billion-plus mobile phone users.
It came to the notice of UIDAI that websites and mobile applications downloadable through Google Playstore were providing unauthorised Aadhaar related services. Unique Identification Authority of India (UIDAI) has ensured that 12 websites and 12 mobile applications available on the Google Playstore are shut down and has directed to close down 26 more such fraudulent and illegal websites/applications. It came to the notice of UIDAI that these websites and mobile applications downloadable through Google Playstore were providing unauthorised Aadhaar related services such as downloading online Aadhaar card, providing status of Aadhaar generation, PVC Aadhaar Card, etc.
Slowly but surely, Aadhaar card is going places. Places like India’s colleges and universities. In a notice issued on March 21, University Grant Commission has asked all universities in India to include Aadhaar number on a degree before it is issued to a student. The move, UGC says, will help reduce the prevalence of fake degrees and frauds. “I request you to introduce identification mechanisms like photograph and Unique ID/Aadhaar number in students’ certificates.
The state higher and technical education department has made authentication of Aadhaar number a must for backward engineering students to avail scholarships. The move comes against the backdrop of large-scale scholarship scam across the state. Though decision has been welcomed by city engineering colleges, they feel the authentication process will burden them with extra work. In a gazette notification dated April 13, the department states that every student desirous of availing benefits under the schemes specified in Schedule ‘A’ need to furnish proof of possession of Aadhaar number or undergo authentication process.
The retirement fund manager had launched an online claim settlement facility on May 1, 2017. Retirement fund manager EPFO has reduced the stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days from 20 at present. In July 2015, the Employees’ Provident Fund Organisation (EPFO) had reduced the timeline for settling various claims to 20 day to improve the service delivery for its over four crore subscribers.