uid

When I opposed Aadhaar in 2010 , I was called a BJP stooge. In 2016 I am still opposing Aadhaar for the same reasons and I am told I am a Congress die hard. No one wants to see why I oppose Aadhaar as it is too difficult. Plus Aadhaar is FREE so why not get one ? Ram Krishnaswamy

First they ignore you, then they laugh at you, then they fight you, then you win. -Mahatma Gandhi

In matters of conscience, the law of the majority has no place. Mahatma Gandhi

“The invasion of privacy is of no consequence because privacy is not a fundamental right and has no meaning under Article 21. The right to privacy is not a guaranteed under the constitution, because privacy is not a fundamental right.” Article 21 of the Indian constitution refers to the right to life and liberty -Attorney General Mukul Rohatgi

“There is merit in the complaints. You are unwittingly allowing snooping, harassment and commercial exploitation. The information about an individual obtained by the UIDAI while issuing an Aadhaar card shall not be used for any other purpose, save as above, except as may be directed by a court for the purpose of criminal investigation.” -A three judge bench headed by Justice J Chelameswar said in an interim order.

Legal scholar Usha Ramanathan describes UID as an inverse of sunshine laws like the Right to Information. While the RTI makes the state transparent to the citizen, the UID does the inverse: it makes the citizen transparent to the state, she says.

Good idea gone bad
I have written earlier that UID/Aadhaar was a poorly designed, unreliable and expensive solution to the really good idea of providing national identification for over a billion Indians. My petition contends that UID in its current form violates the right to privacy of a citizen, guaranteed under Article 21 of the Constitution. This is because sensitive biometric and demographic information of citizens are with enrolment agencies, registrars and sub-registrars who have no legal liability for any misuse of this data. This petition has opened up the larger discussion on privacy rights for Indians. The current Article 21 interpretation by the Supreme Court was done decades ago, before the advent of internet and today’s technology and all the new privacy challenges that have arisen as a consequence.
Rajeev Chandrasekhar, MP Rajya Sabha

“What is Aadhaar? There is enormous confusion. That Aadhaar will identify people who are entitled for subsidy. No. Aadhaar doesn’t determine who is eligible and who isn’t,” Jairam Ramesh

But Aadhaar has been mythologised during the previous government by its creators into some technology super force that will transform governance in a miraculous manner. I even read an article recently that compared Aadhaar to some revolution and quoted a 1930s historian, Will Durant. Rajeev Chandrasekhar, Rajya Sabha MP

“I know you will say that it is not mandatory. But, it is compulsorily mandatorily voluntary,” Jairam Ramesh, Rajya Saba April 2017


Special

Here is what the Parliament Standing Committee on Finance, which examined the draft N I A Bill said.

1. There is no feasibility study of the project]

2. The project was approved in haste

3. The system has far-reaching consequences for national security

4. The project is directionless with no clarity of purpose

5. It is built on unreliable and untested technology

6. The exercise becomes futile in case the project does not continue beyond the present number of 200 million enrolments

7. There is lack of coordination and difference of views between various departments and ministries of government on the project

Quotes

What was said before the elections:

NPR & UID aiding Aliens – Narendra Modi

"I don't agree to Nandan Nilekeni and his madcap (UID) scheme which he is trying to promote," Senior BJP Leader Yashwant Sinha, Sept 2012

"All we have to show for the hundreds of thousands of crore spent on Aadhar is a Congress ticket for Nilekani" Yashwant Sinha.(27/02/2014)

TV Mohandas Pai, former chief financial officer and head of human resources, tweeted: "selling his soul for power; made his money in the company wedded to meritocracy." Money Life Article

Nilekani’s reporting structure is unprecedented in history; he reports directly to the Prime Minister, thus bypassing all checks and balances in government - Home Minister Chidambaram

To refer to Aadhaar as an anti corruption tool despite overwhelming evidence to the contrary is mystifying. That it is now officially a Rs.50,000 Crores solution searching for an explanation is also without any doubt. -- Statement by Rajeev Chandrasekhar, MP & Member, Standing Committee on Finance

Finance minister P Chidambaram’s statement, in an exit interview to this newspaper, that Aadhaar needs to be re-thought completely is probably the last nail in its coffin. :-) Financial Express

The Rural Development Ministry headed by Jairam Ramesh created a road Block and refused to make Aadhaar mandatory for making wage payment to people enrolled under the world’s largest social security scheme NRGA unless all residents are covered.


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Tuesday, October 27, 2015

8997 - IT has not cut banks' costs: Rajan - TNN



TNN | Oct 24, 2015, 05.29AM IST

Rajan pointed out banks are capturing lot of customer data and now the challenge is, how do banks use the vast data to better serve customers?


HYDERABAD: Reserve Bank of India governor Raghuram Rajan has questioned the pricing of IT deals that banks have entered into. Pointing out that the IT revolution has not brought down expenses for banks, Rajan said this could be because the structure of fees is such that cost reduction is not reflected in the bottom line. He also said that banks need to restructure and branches cannot be run as they were during the days of the ledger system. 

According to Rajan, the present 'market structure' consisting of IT companies, who provide technology and, at times, run crucial IT operations for banks, has not been very helpful in bringing down costs of operations. 

"We can see the effect of the IT revolution everywhere in the banking system, except on the expenses side... why aren't the expenses coming down? 

We need to look at whether technology is really bringing down costs. But there are two factors that may prevent from bringing down costs - one of them is market structure. It could be the structure of key players that are involved in technology and the structure of fees that you have to pay is such that the cost reduction does not get translated into a bottom line reduction. 

The second factor is the human factor - wherein the way business is organized has to change. We cannot run a branch as if we are still living in the days of the ledger system," Rajan said while delivering the keynote address at an Institute of Development and Research in Banking Technology (IDRBT) event here. 

Rajan pointed out banks are capturing lot of customer data and now the challenge is, how do banks use the vast data to better serve customers and mitigate risks while forwarding loans? He hinted that banks need to be cautious about aggressively forwarding home loans. 

"Tremendous amount of information about the customer is being made available through the system... but are we figuring out how to serve customers better using this data... We had a large setback in a number of large project loans. So increasingly, the flavour of the moment is housing loans. Of course, in housing loans, you need to be careful that you are not picking up high-risk home loan applicants and venturing into an area that is already well served through traditional means," he said sounding a note of caution. 

Speaking about the usage of IT in the banking sector, He said, "IT and IT usage has not penetrated into the banks as fully and as properly as we would like. Banks are still not fully integrated in terms of IT usage". so that on a daily basis, it can spin out what the details of the loans are... if you do not know the picture on a daily basis, there are activities that can pile up over time, which can be extremely risky for the bank." 

Meanwhile, lauding the Jan Dhan Yojna in the area of increasing financial inclusion, he also batted for Aadhaar usage. "The Aadhaar system is under a bit of a cloud right now... but hopefully the Supreme Court will see value in permitting wider usage of Aadhaar," he added. 

On the RBIs proposed IT subsidiary, Rajan said that it will focus on cyber security and monitor IT-related functions in banks. "RBI, because of the importance of this area (IT) and the need to improve our supervision and regulation of IT-related factors as well as cyber security, is in the process of setting up an information technology subsidiary. We will actually hire people directly from the sector, who have expertise and can build the expertise within the RBI," Rajan said.