Taking cue from India, Malaysia keen on adopting Aadhaar model

Agencies
October 14, 2018

New Delhi, Oct 14: Taking a cue from India's Aadhaar initiative, Malaysia wants to bring changes in its national identity card system for target delivery of welfare schemes and government subsidies to avoid duplicity and fraud.

Prime Minister Narendra Modi, during his visit to Kuala Lumpur in May, offered Malaysia's Premier Mahathir Mohamad collaboration on matters in which India has expertise, including the Aadhaar initiative, Malaysia's Minister of Human Resources M Kula Segaran said.

With the Malaysian Cabinet agreeing to the collaboration, Kula Segaran led a delegation comprising officers of the country's central bank, the finance ministry, the economic affairs ministry, and human resources ministry, to India last week.

The delegation met ministers and officials here and explored whether certain features of the Aadhaar system can be adopted in Malaysia. "We met UIDAI (Unique Identification Authority of India) CEO Ajay Bhushan Pandey... We have identity cards (known as MyKad), but with the (introduction of an Aadhaar-like) system, the primary aim is to avoid duplicity of payments and fraud, and to target specific groups," Kula Segaran said.

Asked if Malaysia was exploring if it can link identity cards to bank accounts like in the Aadhaar system for target delivery of welfare schemes and subsidies, he answered in the affirmative.

Replying to a query on whether Malaysia could face problems of opposition of the people over privacy concerns just like India did, Kula Segaran said there was such a possibility and work was on to identify what would be a "workable" format to adopt from India.

He, however, said that there should not be much of a problem in Malaysia as identity cards with personal information have been there for decades.

"You put my ID card number, you will get my details, where I was born, who is my mother, who is my father," he said, adding that the issue that needs to be addressed in Malaysia is the target delivery of welfare schemes and government subsidies. Now, we have fuel subsidy in my country. Everybody gets fuel subsidy. We want to target certain groups and give it to them, not to others. We have different groups like B40 -- those who earn household income of less than 3,990 Malaysian ringgit," Kula Segaran said.

The other intention is to make the delivery of subsidies cashless, he said. "Right now we send cheques or we give cash. No need of that if you follow the Aadhaar system, and it comes directly into your account," he said.

There are multiple subsidies provided by the Malaysian government such as fuel, low income group, single mother, etc for which it will be useful, he added.

India recently witnessed an acrimonious debate over Aadhaar's merits and demerits. A five-judge constitution bench of the Supreme Court last month while quashing some contentious provisions of the Aadhaar Act, held that Aadhaar would remain compulsory for filing of Income Tax returns, allotment of Permanent Account Number and for availing facilities of welfare schemes and government subsidies.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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News Network
February 18,2020

Washington, Feb 18: The upcoming visit of President Donald Trump to India later this month has the potential to usher in a new era of bilateral ties between the two countries, a top American business advocacy group has said.

President Trump will pay a state visit to India on February 24 and 25 at the invitation of Prime Minister Narendra Modi. He would be accompanied by First Lady Melania Trump.

This would be the president's first bilateral visit in the third decade of the 21st century and also the first after his acquittal by the Senate in the impeachment trial.

"I believe President Trump's upcoming visit to India has the potential to usher in a new era of our bilateral ties," Mukesh Aghi, President of the US India Strategic and Partnership Forum (USISPF) said in a statement on Monday.

On the sidelines of the visit, the USISPF, in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI) and the ORF, has announced to organise a program entitled "US-India Forum: Partners for Growth".

The full-day discussion will focus on the key pillars defining India and the US' strategic, economic, and cultural partnership over the next decade.

"We have an opportunity before us to make real progress on multiple aspects of the relationship— whether it is upholding peace and security in the Indo-Pacific region; building upon an already strong energy partnership; developing co-production and co-development opportunities in the defense space; or strengthening bilateral trade," Aghi said.

"We look forward to an extremely successful visit and some concrete outcomes from the visit," he said.

The day-long programme on February 25 in New Delhi, will bring together over 500 senior business executives, members of the US-India think tank community and leading figures of the Indian diaspora to set the agenda for this strategic partnership.

Discussions during the day will touch upon areas, including the Indo-Pacific Strategy and Maritime Security; the US-India Defence Partnership, the US-India Energy Partnership, Elevating US-India Trade and Investment and Role of the Indian Diaspora in US-India Relations.

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News Network
January 15,2020

New Delhi, Jan 15: The Delhi government Wednesday told the high court that execution of the death row convicts in the Nirbhaya gangrape and murder case will not take place on January 22 as a mercy plea has been filed by one of them.

The four convicts -- Vinay Sharma (26), Mukesh Kumar (32), Akshay Kumar Singh (31) and Pawan Gupta (25) -- are to be hanged on January 22 at 7 am in Tihar jail. A Delhi court had issued their death warrants on January 7.

Justices Manmohan and Sangita Dhingra Sehgal were told by the Delhi government and the Centre that the petition filed by convict Mukesh, challenging his death warrant, was premature.

The Delhi government and the prison authorities informed the court that under the rules, it will have to wait for the mercy plea to be decided before executing the death warrant.

They also said that none of the four convicts can be executed on January 22 unless the present mercy plea is decided.

The Supreme Court had on Tuesday dismissed the curative pleas of Mukesh and Vinay.

The mercy plea hearing began Wednesday morning and will continue in the afternoon.

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