India tries handing out cash to help teeming poor (Asia One)
“On the basis of Aadhaar, we can ensure that the benefit of schemes reach genuine beneficiaries and that there is no mediator,” Prime Minister Manmohan Singh said last weekend.
India subsidises everything from fertilizer and food to kerosene so cutting waste is crucial to the government’s drive to rein in its budget deficit.
Aadhaar will now be used as identity proof, for bank KYC (TMCNet)
So, when a bank asks for your ID proof to open an account, all you will have to do is tap on a device that reads fingerprints and the information will be transmitted electronically in an encrypted form. The front desk will receive a message saying that the information has been received and has matched with the data available, explained an official.