1. How important were Aadhaar, demonetisation for India: FM Arun Jaitley puts things in perspective

How important were Aadhaar, demonetisation for India: FM Arun Jaitley puts things in perspective

Finance Minister Arun Jaitley today said Aadhar has been an important leap forward for the country even as he pitched for Prime Minister Narendra Modi's demonetisation decision.

By: | New Delhi | Published: September 13, 2017 11:26 AM
arun jaitley, aadhaar, demonetisation, pm narendra modi, pm modi, jan dhan scheme Finance Minister Arun Jaitley today said Aadhar has been an important leap forward for the country even as he pitched for Prime Minister Narendra Modi’s demonetisation decision. (ANI image)

Finance Minister Arun Jaitley today said Aadhar has been an important leap forward for the country even as he pitched for Prime Minister Narendra Modi’s demonetisation decision. “Now we are beginning to understand its potential,” FM Jaitley said while addressing a conclave on Financial Inclusion by United Nations in Delhi. FM Jaitley also emphasized that Aadhaar legislation will stand the test of constitutionality. Underlining that full potential of Aadhaar was not realized when it was brought in, FM Jaitley said it was an evolving idea. Jaitley, who has time to time spoken in favour of Demonetisation, said that volume of cash has reduced, tax base has increased. There has been more formalisation of the economy due to demonetisation, he said. “There is an emphasis in the country particularly after Demonetisation to reduce the quantum of cash in society,” Jaitley said. FM Jaitley underscored that subsidies and state support should reach the targetted population, who actually deserve it. “Resource of a state as a subsidy must reach those segments of the population against for whom it is specifically targeted,” FM Jaitley said.

Talking about the BJP-led NDA government’s flagship program Pradhan Mantri Jan-Dhan Yojana (PMJDY), Jaitley said, “We have strong schemes at the Central and State level ensuring money goes directly into bank accounts.” “For banks to be operational- we have launched insurance and pension schemes- incentivising bank accounts,” he said.

Notably, FM Jaitley has also claimed that India has succeeded to bring financial inclusion which he said never previously had economic or political imperative to focus.

  1. R
    Reader
    Sep 15, 2017 at 6:39 am
    A centralized and inter-linked database like Aadhaar will lead to profiling and self-censorship, endangering freedom. Personal data gathered under the Aadhaar program is prone to misuse and surveillance. A centralized and interlinked database can lead to commercial abuse. Aadhaar project has created a vulnerability to identi-ty fraud, even identi-ty theft. Easy harvesting of biometrics traits and publicly-available Aadhaar numbers increase the risk of impersonation, especially online and banking fraud. Centralized databases can be hacked, biometrics can be copied and reused.
    Reply
    1. #
      #AADHAARFAIL
      Sep 13, 2017 at 2:27 pm
      When your bank account gets looted via aadhaar pay, you will call 1947, wait for 3 hours to get connected, the call center folks will simply ask you to visit aadhaar enrollment center, waiting list being 3 months, you will bribe 1000 INR and get an appointment with aadhaar enrollment center to resolve aadhaar misuse, they will ask you to email help uidai.gov , you will send 10 emails in 10 days and then get a generic mail, asking you to specify all your details including preferred condom b , etc, you will respond with all details, you will follow up for 3 more days, then you will get a generic FINAL response, "Please lock your bio-metrics in UIDAI , Jai Hind!", after that even if you send 100 emails you will NOT get any response. You lock your bio-metrics, the criminal go to an aadhaar enrollment center and unlock your bio-metrics using stolen fingerprint and keep on looting your hard earned money.
      Reply
      1. R
        Reader
        Sep 13, 2017 at 1:21 pm
        UK’s Biometric ID Database was dismantled. Why the United Kingdom's biometrics-linked National Identi-ty Card project to create a centralized register of sensitive information about residents similar to Aadhaar was scrapped in 2010?? The reasons were the massive threat posed to the privacy of people, the possibility of a surveillance state, the dangers of maintaining such a huge centralized repository of sensitive information, and the purposes it could be used for, and the dangers of such a centralized database being hacked. The other reasons were the unreliability of such a large-scale biometric verification processes, and the ethics of using biometric identification.
        Reply
        1. R
          Reader
          Sep 13, 2017 at 1:20 pm
          The US Social Security Number (SSN) card has no biometric details, no photograph, no physical description and no birth date. All it does is confirm that a particular number has been issued to a particular name. Instead, a driving license or state ID card is used as an identification for adults. The US government does not collect the biometric details of its own citizens.
          Reply

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