19.9.15

Rajan backs Aadhaar

Batting strongly for Aadhaar cards, RBI Governor Raghuram Rajan sought greater clarity on the Supreme Court ruling on the matter, saying its usage can help a deserving person get credit, avoid over-borrowing by individuals and plug leakages. “We need greater clarity on the matter, especially after the recent Supreme Court ruling which says having Aadhaar card is not mandatory for availing of benefits,“ Rajan said, stressing that the apex court is not intending to stand in the way of voluntary usage of the cards.
Citing the experience in the US, Rajan said “we need to learn from experiences like the usage of the social security number, which is continuing to be used without raising any concerns on privacy“.

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