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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Thursday, August 4, 2016

10250 - Raghuram Rajan warns against rupee depreciation;says will make imports costlier - Economic Times

By ET Bureau | Jul 19, 2016, 05.10 AM IST

Raghuram Rajan warns against rupee depreciation

HYDERABAD: Reserve Bank of India (RBI) Governor Raghuram Rajan attempted to silence the voices clamouring for depreciation of the rupee to boost exports, citing experiences of countries like Brazil, which did not benefit much from devaluing its currency. 

Addressing top bankers and board representatives of regional rural banks (RRBs) on Monday in Hyderabad, he said devaluing the currency will not only make the imports costlier but will also have a lot of side effects. 

These side effects, including rising inflationary impacts, could offset the benefits of increased exports, if any, since often the exporter imports a lot of what they export. 

Terming the currency a complicated animal, the RBI Governor said some of India's emerging market counterparts like Brazil have had significant devaluations but haven't seen tremendous expansion in exports. 

"Broadly, my belief is, today's value of the rupee is pretty reasonable and I don't think we should emphasize moving one way or the other as the answer to any problem," Rajan said. Addressing a conference to prepare the boards of RRBs for better governance, organised jointly by the National Institute of Rural Development (NIRD) and Crux Management Services, he elaborated on a series of initiatives aimed at greater financial inclusion. 

Pointing out that there were three key impediments - information, incentives and transaction costs in the way of inclusion, Rajan said the public policy approach to address the problems was through mandates and subventions, transforming institutions and moving away from credit. Small finance bank licenses to RRBs, cooperative banks: Saying that the small finance bank licenses were so far largely given to MFIs, the governor said the regulator may consider giving the licenses to RRBs and cooperative banks in the future. 

Udhyog Aadhaar numbers for small businesses: The government proposes to give small businesses 'Udhyog Aadhaar' numbers, which are unique IDs tied to both the entity as well as the promoter, aimed at allowing small firms build credit histories with credit bureaus and thereby help ease the flow of credit. 

The RBI is looking at expanding the reach of credit bureaus in rural India, including by bringing borrowing under self-help groups into their ambit. TReDS to start before fiscal-end: Acknowledging that micro, small and medium enterprises (MSMEs) get squeezed all the time by their large buyers who pay after long delays, the RBI governor said the issue could be sorted out by enabling MSMEs sell their claim on the large buyer in the market. 

In this, the "MSME would get its money quickly, while the market would get a claim on the better rated, large buyer instead of holding a claim on the MSME," he said, adding that three of RBI licenced TradeReceivables Discounting Systems (TReDS) were set to start later this fiscal to help MSMEs sell their claims on the large buyers in the market. 


India was steadily moving from mandates, subsidies and reliance on the public sector banks for inclusion to creating enabling frameworks that make it attractive for all financial institutions to target the excluded, said Rajan, even while protecting the interests of the excluded through education, competition and regulation.