UID

Amid rising instances of debit and credit card frauds, an RBI panel has recommended that banks should put in place secure systems to check such cases within a year's time. All acquirers and issuers may put in place adequate fraud risk management systems and processes [within] 12 months, said the panel in its recommendations for an action plan to implement additional authentication for all card transactions. Full Article

With a mammoth exercise on to issue an Aadhar number to each of India's 1.2 billion citizens and interested residents, IANS tracks the process involved for getting what will become a unique identity for people in India to access all public or private services. Full Article

The Department of Telecommunications (DoT) is considering a proposal by the Unique Identity Authority of India (UIDAI) to bring about 700 million telecom users under an unique identification programme. The UIDAI plans to issue a 12-digit unique ident Full Article

The retirement fund manager EPFO plans to replace PF account number with unique identification number, a move which will help in speedy transfer of subscribers' funds in case of job change and allow them to track their accounts online. At present whe Full Article

RBI's outreach programme under financial inclusion would be implemented in villages across India and all people would be covered in the next five years, the apex bank's Deputy Governor K C Chakraborty said today. Full Article

The ministry of finance has sought the views of capital market regulator Securities and Exchange Board of India (Sebi) on making the unique identification (UID) number mandatory for all securities transactions, a move that, if implemented, could help Full Article

The department of telecommunications is planning to use Unique Identification numbers, which will be issued by the government, as an identity and address proof for issuing a new mobile or landline connection. "The strength of the UID system will be u Full Article

Unique Identification is merely a string assigned to an entity that identifies the entity uniquely. Every person residing in India will soon have a UID. Biometric identification system and checks would be used to ensure that each individual is assign Full Article