Lok Sabha passes Aadhaar(Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill 2016

Posted on:11 Mar 2016 18:21:08

Lok Sabha passes Aadhaar(Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill 2016
11 March 2016 Current Affairs GK: The Lok Sabha passed the Aadhaar Bill 2016  ensuring targeted Delivery of Financial and Other Subsidies, Benefits and Services. The bill has been tagged as a money bill. Since Aadhaar Bill 2016 has been tagged as money bill its passage will not be stalled by the Rajya Sabha, where the ruling National Democratic Alliance (NDA) is short of a majority.The Bill intends to empower the government in providing targeted services to the intended beneficiaries by assigning them unique identity numbers, called Aadhaar Id. It will be given to every person, who has stayed in India for 182 days in the year preceding the date of application.Making Aadhaar mandatory for availing Financial and Other Subsidies will eliminate the loop holes involved and bring down its subsidy bill, which has been budgeted at Rs.2.5 trillion in 2016-17. It will also help push India towards a cashless economy.

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