The committee, which will have 90 days to submit a report, will review the existing status of digitisation of payments in the country, identify the current gaps in the ecosystem and suggest ways to bridge them.
“About 1.2 billion people use Aadhaar. India has about 850 million bank accounts linked to Aadhaar, of which about 550 million are unique bank accounts. This Aadhaar-linked bank account is the fundamental basis for direct benefit transfer,” Nilekani said.
Infosys would configure the editing facility in the GST Network by November 20 to enable traders to file their three-page summary return (3B), said the GST Group of Ministers (GoM) Chairman Sushil Kumar Modi on Saturday.
In a virtual clean chit to former CEO Vishal Sikka, the board of Infosys, led by chairman Nandan Nilekani, said it has found no wrongdoing in the acquisition of Israeli company Panaya under the leadership of Sikka.
Nandan Nilekani said his priorities were to find a CEO, reconstitute the board and shape future strategy, as he sought to calm investors unnerved by the recent exit of Vishal Sikka. “I have come in to focus on the future of the company, I have come in to take the company forward and deal with its challenges,”
The newly-elected non-executive chairman of Infosys, Nandan Nilekani, elaborated on the qualities they would look for in the new chief executive, and had specifically mentioned Infosys alumni as potential candidates for the top job.
Second in the Aadhaar series, in this video Usha Ramanathan, Ramanjit Singh Chima and Reetika Khera explain how biometrics were brought into the Aadhaar process without enough research and why it is unprecedented in a dangerous way.