Aadhaar provides citizens with an identity, but it should not be confused with entitlements, Secretary of the Department of Electronics and Information Technology (DeitY) Ram Sewak Sharma said at Skoch Summit here.
India needs a new measure to indicate its poverty that reflects the progress, or the lack of it, in the provision of basic necessities like health, education and sanitation for the citizens, Reserve Bank of India Deputy Governor S S Mundra said. Speaking at the first day of the two-day 39th Skoch Summit here, Mundra, who oversees banking supervision, currency management, financial stability and rural credit at the central bank, said such an index will make delivery of the government welfare schemes and services more meaningful and outcome-oriented.
The government has accepted the recommendations of the 14th Finance Commission that seeks to enhance transfer of money to the states from the central taxes by an unprecedented 10 per cent.
Under the new arrangement 42 per cent money from the 'divisible pool' will be transferred to the states. This is 10 percentage point increase when compared with the previous 32 per cent.
Given that Indian economy is fast becoming digital and from opening a bank account, to making financial transactions every facility, an Aadhaar Authentication is required. Even the Supreme Court has been working on making Aadhaar mandatory. Imagine my shock when I was told that Aadhaar can be hacked as it has very poor security. My eyes popped out when I saw the video as given below.
In 1947, when we gained Independence, the biggest challenge in front of us was the security of the nation. It was a huge and a difficult task. And many believed that India would not be able to keep its political integrity intact.
It's really a pity and a challenge to the system particularly those who are in power, that even after 67 years of Independence, we have a lot of people living below poverty line. We have issues like rural-urban divide and serious economic disparities. Then we hear of farmers' suicides and sometimes of hunger deaths here and there. And then we get criticisms about the system not being sensitive to the vulnerable sections.
Welfare measures are not freebie. Hence, the policy culture must keep an effective balance between passion and compassion, to make the impact of underlying much more robust than in the sloganeering confine of 'greater common goods'.
To my mind, there cannot be any controversy or debate as to how to achieve inclusive growth. I think the experience of all developed and developing countries as well as India shows that in order to achieve inclusive growth we need to do five things.