Cabinet clears Ordinance on Aadhaar's use as Identity Proof
By MYBRANDBOOK
The Cabinet cleared an Ordinance that allowed the voluntary use of Aadhaar as as identity proof for opening bank account and getting mobile phone connection.
“Aadhaar can be used as KYC on a voluntary basis under the Telegraph Act and PMLA rules,” said Law and IT Minister Ravi Shankar Prasad. On January 4, the Ordinance necessitated as a bill and cleared by the Lok Sabha but pending in the Rajya Sabha. It would have lapsed without the approval with the dissolution of the current Lok Sabha.
It will now bring changes in the Adahaar Act and will offer a child an option to exit from the biometric ID programme at the completion of 18 years of age. The Cabinet meeting was chaired by Prime Minister Narendra Modi. At the completion of the meet, Prasad said that the Cabinet has approved the promulgation of an Ordinance to give effect to the Aadhaar and Other Laws (Amendment) Bill.
The amendment ensures strict penalties for violation of rules set for the use of Aadhaar and violation of privacy and It prohibits the storage of core biometric information as well as Aadhaar number by service providers of individuals who agreed to voluntarily offer the ID as a means of authentication.
“Aadhaar can be used as KYC on a voluntary basis under the Telegraph Act and PMLA rules. Any entity using Aadhaar will have to adhere to privacy guidelines,” Prasad said.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : MUKESH D. AMBANI
Mukesh Dhirubhai Ambani is an Indian businessman and the chairman and ...
ICONS OF INDIA : RAJIV MEMANI
As Chair of the EY Global Emerging Markets Committee, Rajiv connects e...
Icons Of India : Bhavish Aggarwal
Indian entrepreneur Bhavish Aggarwal is the CEO of Ola, India’s larg...
C-DAC - Centre for Development of Advanced Computing
C-DAC is uniquely positioned in the field of advanced computing...
BSE - Bombay Stock Exchange
The Bombay Stock Exchange (BSE) is one of India’s largest and oldest...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
Indian Tech Talent Excelling The Tech World - Satya Nadella, Chairman & CEO- Microsoft
Satya Nadella, the Chairman and CEO of Microsoft, recently emphasized ...
Indian Tech Talent Excelling The Tech World - Rajiv Ramaswami, President & CEO, Nutanix Technologies
Rajiv Ramaswami, President and CEO of Nutanix, brings over 30 years of...