Friday, August 23, 2013

Aadhaar: Does it serve any purpose now?

..........In other words, there is no uniformity in recognizing Aadhaar number as a valid instrument. In a separate development, Reserve Bank of India (RBI) has proposed to credit card-issuing banks that they should consider Aadhaar number for authentication, when shops accept credit cards for transactions. Such a move, if made mandatory, will involve huge investments for upgrading the credit-card swipe machines.  Banks will resist this move and may..........

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