Showing posts with label Rs 500. Show all posts
Showing posts with label Rs 500. Show all posts

Thursday, 4 January 2018

Aadhaar Breach: Rs 500 is all it takes to get details of a billion Indians

A report claims to have bought access to a cheap software, which can be used to print the Aadhaar card of any individual

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Aadhaar Breach : Anonymous sellers on Whatsapp are said to be providing ‘unrestricted’ access to the Aadhaar details of more than a billion Indians for just Rs 500, according to an investigation by The Tribune on Wednesday. The paper also claims to have bought access to a software for Rs 300, which can be used to print the Aadhaar card of any individual by entering their Aadhaar number.
Aadhaar is a 12-digit unique identification number that is issued by the UIDAI( Unique Identity Development Authority of India) to every resident Indian citizen, after recording biometric and demographic information about an individual.
The report says that the racket may have started when over 300,000 Village Level Operators(VLEs), earlier mandated to make Aadhaar cards across India were rendered jobless when post offices and banks were given the job instead, in November 2017. Over 100,000 VLEs, sensing an opportunity to make easy money, might have gained illegal access to UIDAI data and provided “Aadhaar services” to common people for a charge, including the printing of Aadhaar cards.
If true, this would spell a serious breach of national security as the UIDAI has linked Aadhaar to individuals’ fingerprints and iris scans. The government’s unfettered access to citizens biometric details has already been in the centre of much debate in the civil society.
Earlier, in August, a Supreme Court judgement had deemed ‘privacy’ as a fundamental right, while dealing with a batch of petitions that claimed the illegality of Aadhaar based on the fundamental right to life and liberty. Most importantly, the government’s argument that Aadhaar will be a useful instrument to aid national security be questioned. Justice Sanjay Kishan Kaul, in his judgement on the case, had noted that that big data-fuelled “profiling can also be used to further the public interest and for the benefit of national security”.

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Thursday, 1 December 2016

What will RBI do with scrapped currency notes?

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With about Rs 8.45 lakh crore worth of scrapped notes of Rs 500 and Rs 1,000 bank notes deposited in bank accounts across India over 20 days from Prime Minister Narendra Modi’s demonetisation announcement on November 8, banks are plush with cash and depositing it with the Reserve Bank of India (RBI). And RBI has been supplying banks newly printed Rs 500 and Rs 2,000 notes, besides other valid currency notes, to meet the demand of people queueing up at banks and ATMs for cash.

But, what will RBI now do with the humongous stock of scrapped currency notes? It has already chalked out a plan. Even as sorting, verification and shredding of banned notes are underway at multiple centres of the central bank, a Kerala-based plywood company has received the contract to pulp these notes. The company has already accepted tonnes of currency notes over the past three weeks.
An Economic Times report quoted P K Mayan Mohamed, managing director of Western India Plywood (WIPL) as saying that the plywood company had received “over 140 tonnes of Rs 500 and Rs 1,000 notes for pulping over the past three weeks”.