Tuesday, 18 December 2018

CABINET APPROVED AMENDING LAW TO MAKE AADHAAR SEEDING OPTIONAL KYC FOR MOBILE NUMBERS AND BANK ACCOUNTS


The Cabinet approved amending the existing laws to provide legal backing for seeding of Aadhaar number with mobile numbers and bank accounts as an optional KYC after the Supreme Court barred mandatory use of Aadhaar by private firms, sources said. The Cabinet approved amendments to the Telegraph Act and the Prevention of Money Laundering Act (PMLA). Under the amendments, an Aadhaar holder can opt for offline verification through QR code and will not require sharing of actual Aadhaar number. The government has also proposed an imprisonment of up to 10 years for attempting to hack Aadhaar data. Those minors who have an Aadhaar number will have the option to withdraw from the biometric system on attaining 18 years of age.


DECCAN CHRONICLE NEWSPAPER


TIMES OF INDIA NEWSPAPER




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