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ToR extended for Task force under Nilekani

 

K S NARAYANAN | New Delhi, September 20, 2011 17:12
Tags : Task Force under the Chairmanship of Nandan Nilekani | Unique Identification Authority of India | Aadhaar | solution for direct transfer of subsidies on Kerosene | LPG and Fertilizer to the intended beneficiaries | Terms of Reference of Task Force |
 

The terms of reference of the Task Force under the Chairmanship of Nandan Nilekani, Chairman, Unique Identification Authority of India (UIDAI) has been extended to include an Aadhaar-enabled unified payment infrastructure.

The said Task Force was constituted by the Ministry of Finance in February, 2011 to recommend and implement a solution for direct transfer of subsidies on Kerosene, LPG and Fertilizer to the intended beneficiaries.

On Tuesday the Centre has extended the Terms of Reference of Task Force to recommend detailed solution architecture for direct transfer of subsidy into any Aadhaar-enabled bank account on the basis of the Aadhaar number; recommend an architecture for e-banking through interoperable Business Correspondents and examine alignment of current standards for devices that will be deployed by them.

It has also been asked to recommend an architecture to align the recommendations of the Inter-Ministerial Group on a Framework for the Delivery of Basic Financial Services using Mobile Phones with Aadhaar enabled payments infrastructure.

The solutions devised by the Task Force may necessarily be incentive-compatible for all stakeholders in payments processing, respect beneficiary choice, drive competition, be fully interoperable and should be an implementable solution.

For the purpose of this extended Terms of Reference, the Task Force will have representation from the RBI, Indian Bank Association, Director General NIC, Controller General of Accounts (CGA) or his representative and CEO, National Payments Corporation of India (NPCI).

The Task Force may also co-opt other members who are industry experts, academicians and domain specialists to the Task Force based on necessity.

The Task Force will submit its Final Report on the extended Terms of Reference within three months of the extension of the Terms of Reference. During this period, along with other pilots, the current pilots being undertaken by the Ministries implementing the Interim Report of the Task Force on Direct transfer of subsidies on Kerosene, LPG and Fertiliser will need to be aligned.

The recommendations of the Final Report on Aadhaar enabled payment infrastructure may also be incorporated in the Final Report of the Task Force.

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Issue Dated: Feb 5, 2017