Amidst schemes, the decisive thrust given by the

 

Amidst all the rhetoric shrill against the use of Aadhar for
identifying beneficiaries of government schemes, the decisive thrust given by
the BJP regime to this move has started delivering remarkable results. Linking
all the monetary transactions with Aadhar has brought an unprecedented clarity
in the country’s economic activity.

This in turn, has propelled Indian economy to an unwavering
growth trajectory. A developing economy’s growth can be measured from the
happiness index of its most impoverished and downtrodden segment. The biggest
beneficiary from the Aadhar linkage with the economic activities has been this
poorest of poor segment of our country.

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Aadhar linkage has revolutionized MGNREGS (Mahatma Gandhi
National Rural Employment Guarantee Scheme) the most ambitious scheme of the
times. Independent surveys state that nearly 150 Crore person days of work was
created in 2017 and majority of these beneficiaries were identified through
Aadhar. This means that nearly 80 lakhs to 1 crore workers are coming every day
for work in different parts of the country under MGNREGS.

Unlike previous years, more than 86 percent of them are paid
within 15 days, just because their bank accounts and job cards are linked with
Aadhar. This is a remarkable improvement compared to last 10 years when MGREGS
was conceived. 99 percent of these payments are on the electronic Financial
Management System based on Aadhar linked accounts. The Central Government has
ensured timely release of funds and States have responded by strengthening the
implementation machinery to provide timely payments.

In fact, the union government under the guidance of Prime
Minister Narendra Modi has saved Rs 57,000 crore by weeding out corruption from
various schemes by using technology.

It won’t be untrue to say that, this is the first government
which has been able to check corruption and plug the leakage through the use of
Information, Communication and Technology. Linking Aadhar with all the
transactions has played a vital role in achieving this success.

Despite all these achievements, some cynics are creating a
bogey in the name of data infringement. One should be proud of the Indian
traditions and laws of ancient India as old as 2500 years and Vedic period,
when laws existed for preventing unfair trade practices, abuses and
adulteration of products. India has been taking pro-active measures to keep
online data safe, after all data is indispensable as Oil in this century. So,
in such scenario, it is futile to point fingers at data privacy.

Realistically speaking, union government busted over four
crore fake LPG connections after mandating consumers to link their Aadhar
number with their connection profiles.

More tax fraudsters are expected to be caught once finance
department links Passports, PAN cards, DIN and TIN numbers with Aadhar. In
fact, it will be major step in the direction of curbing black money.  

Modi governments initiative to link Aadhar with social benefits
has proved to be watershed moment for the Indian economy. It has helped to tame
mammoth corruption that once had become a synonym of the public institutions,
to a great extent.  Ease in doing
business has ignited lot more confidence in the investors who have expressed
their desires to invest many folds in the infrastructure building here.  

Experts believe that these are interesting times for the
Indian economy as the world is taking notice of every step India is taking.
According to the International Monetary Fund (IMF), such emerging markets will
drive the global economic activity. Asian economies led by India are picking up
speed as policy and consumption-led tailwinds have given businesses a positive
fillip. Global investors are supporting the pro-reform stance taken by India. A
fundamental premise of optimism stemmed from India’s strong socio-economic
reforms that have already started aligning our country’s economic direction in
a transformational manner.

In fact, Prime Minister Modi has assured that data security
remains the top priority of the current regime as confident investor and
consumer remains the backbone of a healthy economy. He mentioned the new
Consumer Protection Bill which is on the top priority of the Government. The
Prime Minister mentioned several important efforts taken by his government
across various sectors like Housing, Energy, Standards, Healthcare,
pharmaceuticals and medical devices and procedures that has resulted in
financial benefits to consumers.

However, a newspaper sting tried to establish vulnerability
of Indian citizen’s data identity but the fears seems to be little far-fetched.
A newspaper claimed that its reporters were able to access names, email ids,
contact numbers and postal codes of numerous individuals by just typing their
12-digit unique identification numbers in the government’s database, after
paying an employee meagre eight dollars.

But the fact of the matter is that India has invested
handsomely in upgrading its servers in last three years, to keep the country’s
data safe. On the other hand, many experts believed that the ‘so called sting’
appears to be bogus and a ‘fake news’. One must remember, Aadhar and its
privacy measures has got India laurels from the world genius.

Bill Gates, on his visit to India recently had hailed it as
a “12-digit lie detector,” while the World Bank’s chief economist
Paul Romer had hailed Aadhar as bane for the world, if other countries could
adopt it comprehensively. Meanwhile delegations from Tanzania, Bangladesh and
Afghanistan have already visited India to learn how the technology could be
replicated in their own countries. 

All this activity assures us about the safety of Aadhar and
data privacy. In fact, government must focus on linking economic transactions
with the Aadhar number in order to provide the formal economy with the much
required boost. 

 

Note: The Author
has used data conclusions from the reports and research papers prepared by Data
India and Indian Brand Equity Foundation.