Skip to main content

Aadhaar cards have not been duplicated: Government

By
 Aadhaar cards have not been duplicated: Government 
The government and the Unique Identification Authority of India (UIDAI) on Wednesday told the Supreme Court that no Aadhaar card has been duplicated. They claimed that these cards were the least invasive and most successful way of plugging leaks in the country’s system which prevented government benefits from trickling down to the poor. 
“Duplicate Aadhaar cards are virtually non-existent,” additional solicitor general Tushar Mehta, said in his submissions before a five-judge bench, led by CJI Dipak Misra, which is hearing challenges to the 2016 Aadhaar Act. Mehta claimed that though duplicate pan cards had flooded the system, Aadhaar cards were yet to be duplicated. 
Mehta, who was speaking for both the Centre and UIDAI, said the scheme would help the government mop up Rs 30,000 crore in revenue. He dismissed the argument that the scheme was based on the presumption that the entire population was hesitant in paying taxes and indulged in money-laundering. 
He cited the example of compulsory frisking at airports in this context. “Everyone is frisked although one might be a threat. Aadhaar does not intend to stigmatise the whole populace as as tax evaders and money launderers.” The bench was, however, sceptical of this line of argument. Justice DY Chandrachud pointed out that the standards of invasion of privacy have to be different in cases involving threat to national security and terrorism, and in cases involving pure financial crime.
“Fiscal crimes. Can they be subject to the same level of proportionality when it comes to infringing rights of citizens? Shouldn’t there be a different threshold for such crimes as opposed to national security and terrorism?” he sought to know. The ASG said he was not saying that the levels of intrusion into the privacy of citizens should be the same in both instances but only that Aadhaar was not based on the presumption that everyone was a criminal. “If you are an honest tax payer you have nothing to worry.”
The Economic Times, New Delhi, 12th April 2018

Comments

Post a Comment

Popular posts from this blog

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

By
  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...
Post a Comment
Read more

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

By
  The Reserve Bank of India’s Deputy Governor Swaminathan J on Friday instructed the directors of small finance banks (SFBs) to be vigilant and proactive in identifying emerging risks in the sector.Speaking at a conference for directors on the boards of SFBs, Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models.Additionally, he highlighted the need for strengthening cybersecurity to protect the entities against digital threats and urged for a stronger focus on financial inclusion, customer service, and grievance redressal to ensure a broader reach of banking services.Executive Directors S C Murmu, Rohit Jain, and R L K Rao, along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the RBI, also participated in the conference.   -  Business Standard  30 th  September, 2024
Post a Comment
Read more

Brigade Hotel Ventures files draft papers with Sebi for Rs 900 crore IPO

By
  Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO).The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP).Proceeds from the issue to the tune of Rs 481 crore will go towards payment of debt, Rs 412 crore will be allocated to the company and Rs 69 crore to its material subsidiary, SRP Prosperita Hotel Ventures Ltd.Additionally, Rs 107.52 crore will be used to purchase an undivided share of land from the Promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes.The company may raise up to Rs 180 crore through a Pre-IPO Placement.   If the placement is undertaken, the issue size will be reduced.Brigade Hotel Ventures Ltd is a wholly-owned subsidiary of Brigade Enterprises ...
Post a Comment
Read more