Saturday, February 22, 2014

5127 - NPR, not Aadhaar, best tool for cash transfer: BJP's Sinha - Money Control

Jan 31, 2014, 01.16 PM IST | Source: CNBC-TV18 NPR, not Aadhaar, best tool for cash transfer: BJP's Sinha BJP leader and former finance minister Yashwant Sinha supported the steps taken by the Reserve Bank of India to curb inflation. He said the RBI was forced to hike rates as the government had abandoned its responsibility of controlling inflation.


We are for direct benefit transfer but not on the basis of Aadhaar which is a very badly designed scheme. We will give it to all citizens of India on the basis of NPR. YASHWANT SINHA Ex-finance minister BJP

JP leader and former finance minister Yashwant Sinha said he was all for a citizen identification process and the direct cash transfer mechanism. However, he said the Aadhar scheme introduced by the UPA government was flawed, and would not be the basis for transferring cash directly to those eligible for subsidy, in case the BJP came to power at the Centre this year. Instead, Sinha said the National Population Register (NPR) floated by the BJP when it was in power would be revived and be made the instrument for direct cash transfer.