Skip to main content

UIDAI set to introduce face authentication feature from July 1

By
 UIDAI set to introduce face authentication feature from July 1
The Unique Identification Authority of India (UIDAI) is all set to make face authentication available alongside iris or fingerprint scan as means of verifying Aadhaar users from July 1, 2018. 
The UIDAI, which is in-charge of the 12-digit identifier Aadhaar, in January had announced that it will introduce face authentication feature to help those who run into problems in biometric authentication due to old age, hardwork or worn-out fingerprints. 
It had said that face authentication will be allowed only in fusion mode meaning it would be permitted along with either fingerprint or iris or OTP to verify the details of Aadhaar holders. In a presentation to the Supreme Court last week where he emphasised the robustness of the Aadhaar encryption system saying breaking it may take "more than the age of the universe for the fastest computer on earth", UIDAI CEO Ajay Bhushan Pandey also informed that the proposed face authentication feature will be introduced by July 1. 
"Face authentication shall be available in fusion mode along with one more authentication factor like fingerprint/iris/OTP from July 1, 2018," he had said in the power point presentation titled `1 billion +'. Aadhaar is being used for identity authentication across banks, telecom companies, public distribution system, income tax amongst others and the extent of its usage can well be gauged from the fact that an average of 4 crore authentications are being done on a daily basis. 
Even in his presentation, the UIDAI CEO has pointed out that 1,696.38 crore Aadhaar authentications and 464.85 crore eKYC transactions have been performed so far. Seeking to allay concerns over government's ambitious Aadhaar scheme, Pandey had said that UIDAI does not collect purpose, location or details of transaction. 
Pandey began his presentation before the five-judge constitution bench on Thursday and is scheduled to resume it on March 27. The bench is hearing a bunch of petitions challenging the constitutional validity of Aadhaar. 
The Economic Times, New Delhi, 26th March 2018

Comments

Post a Comment

Popular posts from this blog

Household debt up, but India still lags emerging-market economies: RBI

By
  Although household debt in India is rising, driven by increased borrowing from the financial sector, it remains lower than in other emerging-market economies (EMEs), the Reserve Bank of India (RBI) said in its Financial Stability Report. It added that non-housing retail loans, largely taken for consumption, accounted for 55 per cent of total household debt.As of December 2024, India’s household debt-to-gross domestic product ratio stood at 41.9 per cent. “...Non-housing retail loans, which are mostly used for consumption purposes, formed 54.9 per cent of total household debt as of March 2025 and 25.7 per cent of disposable income as of March 2024. Moreover, the share of these loans has been growing consistently over the years, and their growth has outpaced that of both housing loans and agriculture and business loans,” the RBI said in its report.Housing loans, by contrast, made up 29 per cent of household debt, and their growth has remained steady. However, disaggregated data sho...
Post a Comment
Read more

External spillovers likely to hit India's financial system: RBI report

By
  While India’s growth remains insulated from global headwinds mainly due to buoyant domestic demand, the domestic financial system could, however, be impacted by external spillovers, the Reserve Bank of India (RBI) said in its half yearly Financial Stability Report published on Monday.Furthermore, the rising global trade disputes and intensifying geopolitical hostilities could negatively impact the domestic growth outlook and reduce the demand for bank credit, which has decelerated sharply. “Moreover, it could also lead to increased risk aversion among investors and further corrections in domestic equity markets, which despite the recent correction, remain at the high end of their historical range,” the report said.It noted that there is some build-up of stress, primarily in financial markets, on account of global spillovers, which is reflected in the marginal rise in the financial system stress indicator, an indicator of the stress level in the financial system, compared to its p...
Post a Comment
Read more

Retail inflation cools to a six-year low of 2.82% in May on moderating food prices

By
  New Delhi: Retail inflation in India cooled to its lowest level in over six years in May, helped by a sharp moderation in food prices, according to provisional government data released Thursday.Consumer Price Index (CPI)-based inflation eased to 2.82% year-on-year, down from 3.16% in April and 4.8% in May last year, data from the Ministry of Statistics and Programme Implementation (MoSPI) showed. This marks the fourth consecutive month of sub-4% inflation, the longest such streak in at least five years.The data comes just days after the Reserve Bank of India’s (RBI) Monetary Policy Committee cut the repo rate by 50 basis points to 5.5%, its third straight cut and a cumulative reduction of 100 basis points since the easing cycle began in February. The move signals a possible pivot from inflation control to supporting growth.Food inflation came in at just 0.99% in May, down from 1.78% in April and a sharp decline from 8.69% a year ago.A Mint poll of 15 economists had projected CPI ...
Post a Comment
Read more