Skip to main content

Driving Licences may be Linked to Aadhaar

Driving Licences may be Linked to Aadhaar
The government is planning to link driving licences with Aadhaar to curb duplicate and fake licences, IT minister Ravi Shankar Prasad said on Friday.He said he has spoken to transport minister Nitin Gadkari about the linkage.
“We are planning to link driving licence to Aadhaar. I have had a word with Gadkari-ji regarding this,“ said Prasad, while speaking at Digital Haryana Summit 2017. “So digital identity confirms physical identity with the help of digital tech nology,“ he said.

A transport ministry official said they may not be able to comment on it since it is a state matter and transport is not in the central list. “We'll only be able to comment after we consult the states. However, from our side, we're already getting the entire database of driving licence in the country on a common platform so that there's no duplication anymore,“ said the official.

On Friday, the government of Haryana in association with IT industry body Nasscom hosted the first edition of Digital Haryana Summit in Gurgaon where they announced a slew of policies for startups and IT and electronics sector. These are IT & ESDM Policy, Tower Policy, Start Up Policy, Cyber Security Policy and SARAL citizen delivery tracking portal.

The state government with Nasscom also announced opening of a startup warehouse in Gurgaon, with 84-seater capacity along with a mobile application development incubation centre within the warehouse to boost the startup ecosystem. A Centre for IoT (Internet of Things), Centre for Innovation and Entrepreneurship (CIE), and incubation centres were also unveiled.

The Economic Times, New Delhi, 16th September 2017

Comments

Popular posts from this blog

RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

  India's digital lending infrastructure has made the loan sanctioning system online. Yet, loan recovery still needs a “feet on the street” approach, Swaminathan J, deputy governor of the Reserve Bank of India, said at a media event on Tuesday, September 2, according to news agency ANI.According to the ANI report, the deputy governor flagged that fintech operators in the digital lending segment are giving out loans to customers with poor credit profiles and later using aggressive recovery tactics.“While loan sanctioning and disbursement have become increasingly digital, effective collection and recovery still require a 'feet on the street' and empathetic approach. Many fintech platforms operate on a business model that involves extending small-value loans to customers often with poor credit profiles,” Swaminathan J said.   Fintech platforms' business models The central bank deputy governor highlighted that many fintech platforms' business models involve providing sm

Credit card spending growth declines on RBI gaze, stress build-up

  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the rep

India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

  India can’t rely on wealthy individuals to drive growth and expect the overall economy to improve, Viral Acharya, former deputy governor of the Reserve Bank of India (RBI) said on Monday.Acharya, who is the C V Starr Professor of Economics in the Department of Finance at New York University’s Stern School of Business (NYU-Stern), said after the Covid-19 pandemic, rural consumption and investments have weakened.We can’t be pumping our growth through the rich and expect that the economy as a whole will do better,” he said while speaking at an event organised by Elara Capital here.f there has to be a trickle-down, it should have actually happened by now,” Acharya said, adding that when the rich keep getting wealthier and wealthier, they have a savings problem.   “The bank account keeps getting bigger, hence they look for financial assets to invest in. India is closed, so our money can't go outside India that easily. So, it has to chase the limited financial assets in the country and