MONEYLIFE DIGITAL TEAM | 06/10/2015 06:24 PM |
The SC is likely to announce its decision on Wednesday on applications by RBI, SEBI and others for permission to use Aadhaar card for schemes
Seeking clarification on usage of Aadhaar number, other regulators like Telecom Regulatory Authority of India (TRAI), Insurance Regulatory and Development Authority and Pension Fund Regulatory and Development Authority (PFRDA) too have reached the Supreme Court. These regulators along with Reserve Bank of India (RBI) and market regulator Securities and Exchange Board of India (SEBI) have asked for clarification on the apex court's order notwithstanding the fact that the SC had for the fourth time on 11 August 2015, had reiterated that Aadhaar cannot be a condition for obtaining any benefits otherwise due to citizens.