#Cabinet approves promulgation of #Aadhaar and Other Laws (Amendment) Ordinance, 2019; amendments proposed are the same as those contained in the Bill passed by the Lok Sabha on 4th January 2019@GoI_MeitY @OfficeOfRSP @rsprasad — Sitanshu Kar (@DG_PIB) February 28, 2019 The Union Cabinet has approved the promulgation of an ordinance which would allow private companies to use Aadhaar for authentication and verification. The ordinance has the same changes to the Aadhaar Act as proposed by the Aadhaar and Other Laws (Amendment Bill), 2018, which was passed in the Lok Sabha last month, but later lapsed in the Rajya Sabha in the same month. Apart from the Aadhaar Act, the ordinance has also amended the Telegraph Act and the Prevention of Money Laundering Act. The ordinance has given effect to the Bill, and will restart “voluntary” use of Aadhaar for physical or electronic authentication. The ordinance echoes the passing of Aadhaar as a money bill to bypass the Upper House of the Parliament. The bill also gives an option to children who attain 18 years of age to exit from Aadhaar. FICCI lauds government’s decision to promulgate ordinance for allowing voluntary use of #Aadhaar for authentication for banking & telecom services. It will enable banks & telcos to cater to new customers in a cost-effective manner & help increase penetration across the country. — FICCI (@ficci_india) March 1, 2019 Big relief to #fintech companies. Cabinet approves promulgation of Aadhaar and Other Laws (Amendment) Ordinance, 2019; amendments proposed are the same as those contained…
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