Jaitley said biometric identification number Aadhaar was an evolving idea under the previous UPA regime and it did not have legislative backing.
"Aadhar has been an important leap forward for India and now we have begun to understand its potential", Jaitley said.
Jaitley further hit out at the criticism from the Opposition who said 77 per cent of the PMJDY accounts were zero balance and hence "ornamental".
The finance minister said that over the period of three years, the number of zero-balance accounts had reduced from 77 per cent to 20 per cent and he said that when the direct benefit transfer is expanded, these accounts would become operational. "In 2014 when we launched the PMJDY, in a mission mode throughout the country with the help of banks, 44 per cent of Indian households were outside the banking system", he said.
Citing some of the conditions on privacy, he said, "they have to be by the law, they have to obviously reasonable and some of illustrative restraints not exhaustive are in the larger interest of national security or for the purposes of detection of crime or for the goal of dissemination of social benefits". He said that post demonetization, there is emphasis to reduce overall quantum of cash in the economy.
Speaking at the financial inclusion conclave on Wednesday in New Delhi, the Finance Minister said that it's only after 2014 after the launch of PMJDY that the condition of financial inclusion improved. He said that 92% of our people have Aadhar cards. Jaitley claimed that 99.99% of households now have at least one bank account, reported PTI.
Concluding his Key Note Address, the Finance Minister Shri Jaitley said that the present Government has succeeded in the last three years in bringing financial inclusion on the centre stage of its political and economic agenda and in times to come, the policy makers will have to follow this direction only and will not be able to reverse this trend. "So you have more accounts than families, adding to the pre-existing ones", he said.
The Return on Investment (ROI) ratio of Honeywell International Inc . 5,510 shares were sold by Mak Jennifer H , worth $726,659. Meristem Limited Liability Partnership reported 0.24% of its portfolio in Honeywell International Inc . (NYSE: HON ).
The oil basket had gained over a dollar at the start of last week on Monday to close at $51.34 for a barrel of 159 litres. At present, petroleum products have been put outside the Goods and Services Tax Bill ambit.
North Korea has a mysterious government department, known as Office 39, that operates as a kind of royal slush fund. Chinese President Xi Jinping had invited Trump to visit China during their meeting in April in Palm Beach, Florida.
This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. The stock of Devon Energy Corp (NYSE:DVN) has "Market Perform" rating given on Wednesday, January 11 by Wells Fargo.
The company's shares were given away at $31.03 per share worth to an income of some $1,511,161 on account of Ray Edgar C . It dropped, as 68 investors sold PEP shares while 674 reduced holdings. 29 funds opened positions while 37 raised stakes.
The company also took the opportunity to address its retail business and store designs, notably its revised Fifth Avenue store. Additionally Apple mentioned that there will be areas setup just to hang out within Town Squares called the "Forum".
This is as the program has struggled financially to cover increasing amounts of losses from increasingly frequent flooding events. When it comes to damage from Hurricanes Harvey and Irma, several types of insurance come into play.
The state and those suing had been set to meet last week to fix violations and take up remedial maps. New districts would likely have increased the chances for Democrats and minorities to capture them.
The Massachusetts-based Essex Inv Mgmt Limited Liability has invested 0.2% in Taylor Morrison Home Corp (NYSE:TMHC). Dimensional Fund L P, a Texas-based fund reported 1.10 million shares. (NYSE:SLB) for 14,737 shares. (NASDAQ:REFR).
The ACA helped lower the uninsured rate by ushering in new health insurance requirements and expanding eligibility for coverage. About 67.5% of those with insurance coverage were privately insured in 2016, while 37.3% were enrolled in government programs.
There were at least a million members of the Rohingya ethnic group living in Myanmar, a lot of them Muslim, though some are Hindu. Fear and violence stalks Rakhine state as communities turn on each other and villages continue to be set alight.
Bombay HC adjourns Ryan trustees bail plea till afternoon
The police have arrested two other persons attached to the school management under various charges of the Juvenile Justice Act. Parents of the student took the school management to court for targeting the child in school and eventually suspending him.
Wall Street ends at record high, led by banks; Apple weighs
While some investors cited worries about whether Apple would face supply shortages, others said traders were just taking profits. Financials, the biggest upward driver on the S&P, rose 1.2 percent, helped by a 1.8 percent jump in the bank subsector.
Irma weakens into a tropical depression
The system has maximum sustained winds of 50 miles per hour while moving 17 miles per hour north-northwest over Georgia. Jacksonville, the largest city geographically in the country, is grappling with a record storm surge and huge flooding.
Cricket Board Confirms Explosion At Stadium Gate
Two members of Afghan security forces have been killed in a bomb attack carried out near a cricket stadium in the capital Kabul . As per the reports, the attack is a case of suicide bombing and took place at 3:45 pm (local time) on Wednesday afternoon.
Irma death toll in US rises to 11
Irma hit Florida on Sunday morning as a risky Category 4 storm, the second highest level on the five-step Saffir-Simpson scale. A woman sits atop a fire hydrant on a flooded street in Miami as Hurricane Irma hits Florida on September 10.
Apple's newest iPhone boasts bigger screen -- and price tag
If you step away from your handset, though, the Watch automatically switches its radios on and uses the same number as the phone. The iPhone X (pronounced iPhone "ten") was launched on Tuesday morning, alongside an updated Apple Watch and Apple TV .
A Technical Perspective on Micron Technology, Inc. (MU)
On average, equities research analysts anticipate that Micron Technology will post $4.72 earnings per share for the current year. For shareholders, given the total diluted outstanding shares of 1.18 billion, this means overall earnings per share of 1.40.
US Supreme Court restores Trump's travel ban on refugees
Supreme Court allowed President Trump to broadly implement a ban on refugees around the world from entering the country. . The order was not the court's last word on the travel policy that Trump first rolled out in January.