{"id":3084,"date":"2025-05-20T04:51:58","date_gmt":"2025-05-20T04:51:58","guid":{"rendered":"https:\/\/tat.capital\/?p=3084"},"modified":"2025-07-15T01:36:25","modified_gmt":"2025-07-15T01:36:25","slug":"aadhaar-its-implication-for-corporate-india","status":"publish","type":"post","link":"https:\/\/tat.capital\/?p=3084","title":{"rendered":"Aadhaar &amp; its Implication for Corporate India"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3084\" class=\"elementor elementor-3084\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7ff7bf1 e-flex e-con-boxed e-con e-parent\" data-id=\"7ff7bf1\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ac21fa elementor-widget elementor-widget-heading\" data-id=\"4ac21fa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Aadhaar & its Implication for Corporate India<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6211cac hfe-post-info-layout-inline elementor-widget elementor-widget-post-info-widget\" data-id=\"6211cac\" data-element_type=\"widget\" data-widget_type=\"post-info-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"hfe-post-info-inline hfe-post-info-items hfe-post-info\">\n\t\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-3dfca17 hfe-post-info-inline-item\" itemprop=\"datePublished\"> \n\t\t\t\t\t\t\t<a href=\"https:\/\/tat.capital\/?m=20250520\">\n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-date\">\n\t\t\t\n\t\t\t\t\t\t\tMay 20, 2025\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t<li class=\"hfe-post-info-item elementor-repeater-item-278acb0 hfe-post-info-inline-item\"> \n\t\t\t\n\t\t\t\t\t<span class=\"hfe-post-info-text hfe-post-info__item hfe-post-info__item--type-time\">\n\t\t\t\n\t\t\t\t\t\t\t4:51 am\t\t\t\t\t<\/span>\n\t\t\n\t\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0d7650 elementor-widget elementor-widget-heading\" data-id=\"a0d7650\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Guest Post: By India Avenue<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86c0562 elementor-widget elementor-widget-text-editor\" data-id=\"86c0562\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<blockquote style=\"margin: 0px; padding: 0px; color: #888888; font-style: normal; font-weight: 400; font-size: 13.92px;\"><p>&#8220;When you bring a new capability like Aadhaar, it takes time for people to understand what it does and how it can be used. There is certain diffusion time, we are in that phase, I am very confident in the coming year, Aadhaar based companies and application will be numerous. It will become a big platform of innovation.&#8221; &#8211; Nandan Nilekani, Co-founder of Infosys Technologies and Ex-chairman of UIDAI.<\/p><\/blockquote>\n<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">What is Aadhaar?<\/span><\/p>\n<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">Aadhaar, a significant structural reform initiated by the previous UPA government and fast tracked by the Modi led NDA government, has enabled electronic identification and authentication of any person resident in India and registered with the Aadhar platform. Aadhaar is a unique identification number issued by the Unique Identification Authority of India (UIDAI) that provides a strong authentication of a resident using biometrics \/ IRIS scan (\u2018who you are\u2019) combined with one-time password sent to the mobile phone (\u2018what you have\u2019). By 31 December 2016, the UIDAI has generated 1.09 billion (~89% of population) Aadhaar numbers and authenticated 4.06 billion transactions using the Aadhaar platform.<\/p>\n<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">The objective of issuing Aadhaar numbers was to eliminate duplicate and fake identities and enable the government to efficiently deliver social welfare services through direct benefit transfer (DBT).<\/span><\/p>\n<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\"><span style=\"margin: 0px; padding: 0px; font-weight: 600;\">Benefits of introducing Aadhaar:&nbsp;<\/span><\/p>\n<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">A recent economic survey highlighted that India\u2019s public distribution system (PDS) for wheat, rice and kerosene had leakages of 54%, 15% and 41% respectively. The leakages are mainly due to lack of easy identification and verification of beneficiaries, the dependence on bureaucratic discretion to identify beneficiaries, and the involvement of too many middlemen in the delivery of the benefits. These has led to the inclusion of ineligible and exclusion of the eligible from welfare schemes. &nbsp;The Government spends about A$70 bn in various social welfare programmes in India. Direct transfer of these benefits will:<\/p>\n<ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\">\n<li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">likely curtail the annual spend by A$13-15 bn, as leakages in the system will reduce substantially.<\/li>\n<li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">augment the effectiveness of welfare schemes, reaching the intended recipient directly.<\/li>\n<li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">curtail the opportunities for leakage by reducing the number of government departments involved in the distribution process.<\/li>\n<li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">weed out duplicate beneficiaries.&nbsp;<\/li>\n<\/ul>\n<div><span style=\"color: #888888;\"><span style=\"font-size: 16px;\">&nbsp;<\/span><\/span><\/div>\n<p style=\"margin-bottom: 15px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400;\">Beyond standard monetary transactions, Aadhaar can be used<\/p>\n<p style=\"margin-bottom: 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\">\n<\/p><ul style=\"margin-bottom: 0px; margin-left: 0px; padding-block: 5px 0px; padding-inline: 20px 0px; color: #888888; font-size: 16px; font-style: normal; font-weight: 400; text-align: center;\">\n<li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">as an identification tool for availing government and private services.<\/li>\n<li style=\"padding-block: 5px; padding-inline: 0px; list-style: inherit; text-align: left;\">for doing e-KYC for buying financial products and availing pre-paid mobile sim cards.<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d642dd3 elementor-widget elementor-widget-button\" data-id=\"d642dd3\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/tat.capital\/wp-content\/uploads\/2025\/06\/aadhaar-corporate-india.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read Full Insights <\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Aadhaar &#038; its Implication for Corporate India May 20, 2025 4:51 am Guest Post: By India Avenue &#8220;When you bring [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3578,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_canvas","format":"standard","meta":{"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[42,39],"class_list":["post-3084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights","tag-corporate-advisory","tag-india"],"_links":{"self":[{"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts\/3084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3084"}],"version-history":[{"count":5,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts\/3084\/revisions"}],"predecessor-version":[{"id":3658,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/posts\/3084\/revisions\/3658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=\/wp\/v2\/media\/3578"}],"wp:attachment":[{"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tat.capital\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}