Wednesday, September 21, 2011

Ministry approves proposal for UID-linked direct subsidy transfer

In a notification issued on Tuesday, the finance ministry extended the scope of a task force it has set up to look at the issue of direct transfers, and which will now have members from the Reserve Bank of India, industry body Indian Banks’ Association, the government’s book-keeper Controller General of Accounts, National Payments Corporation of India and National Informatics Centre, to recommend an action plan for direct transfer of subsidy, where ministries and state governments can transfer funds directly into the bank account of a beneficiary, which will be linked to her Aadhaar number.......

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