Type to search

Lok Sabha Budget Session: Aadhaar Bill, regulation to fight cash laundering on agenda

Lok Sabha Budget Session: Aadhaar Bill, regulation to fight cash laundering on agenda


As the 17th Lok Sabha commences’ its initial session, Union Law and Justice Minister Ravi Shankar Prasad is predicted to introduce Aadhaar and Other Laws (Amendment) Bill 2019 within the Parliament. The Bill so can be changed to the Aadhaar Act 2016 and could replace an ordinance issued in March 2019 additionally proposes stiff penalties for violating norms.
The minister may also introduce an invoice to amend the Indian Telegraph Act of 1885 and the Prevention of Money-laundering Act of 2002.
The modification bill to Aadhaar Act 2016 will allow voluntary use of the Aadhaar quantity for authentication and identity evidence to establish financial institution money owed and purchase cellular smartphone connections. The Bill additionally seeks to give a baby an option to exit from the biometric ID program on accomplishing 18 years of age while stipulating stiff consequences for violation of norms set for the use of Aadhaar and violation of privacy.
The amendments proposed are similar to those within the Ordinance promulgated with President’s hidden on March 2, 2019. The modifications offer voluntary use of the Aadhaar variety in physical or electronic shape by authentication or offline verification with the Aadhaar variety holder’s consent. It may even pave the way to use opportunity virtual identity range to hide the real Aadhaar range of an individual.
It seeks to permit entities to carry out authentication simplest. Simultaneously, they may comply with the privacy and safety requirements targeted by the UIDAI. Authentication is allowed under any law made by Parliament or prescribed to be inside the country’s interest by the primary authorities.
It proposes the deletion of segment fifty-seven of the Aadhaar Act regarding the biometric identifier by way of private entities. The amendment will also prevent denial of services for refusing to or being unable to undergo authentication.
Besides this, the proposed amendments provide for the established order of the Unique Identification Authority of India Fund and confer better regulator-like energy at the UIDAI to present instructions as it could not forget necessary to any entity in the Aadhaar atmosphere.
The modifications proposed to consist of a civil penalty of up to Rs 1 crore on entities that violate the Aadhaar Act’s provisions, with a further pleasant of as much as Rs 10 lakh in keeping with day in case of continuous non-compliance.
Unauthorized use of identification facts by way of soliciting for an entity or offline verification searching for existence might be punishable with imprisonment of up to 3 years with a first-rate which can amplify to Rs 10,000 or in case of a company with a nice of as much as Rs 1 lakh. Punishment for unauthorized entry to the Central Identities Data Repository and statistics tampering is proposed to be prolonged to ten years each from the new three years.

Elizabeth Coleman

I am a lawyer by profession and a blogger by passion. I started blogging to express my views on various issues.The blog has now become one of my passions. After seeing so many of my friends and colleagues using blogs for their business purposes, I decided to share my views through my blog.I love reading other people's blogs. I am trying to write one every day, and sometimes when I have time I write two or three posts per day.