Rajya sabha passed the Aadhaar and Other Laws (Amendment) Bill, 2019 on 8 July

Last Updated: July 9, 2019

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Rajya sabha passed the Aadhaar and Other Laws (Amendment) Bill, 2019 on 8 July
09 July 2019 Current Affairs: Rajya sabha passed the Aadhaar and Other Laws (Amendment) Bill, 2019 on 8 July. It allows the voluntary linking of the 12-digit identification number as part of know your customer (KYC) guidelines to open bank accounts or get a mobile connection. The bill will become a Unique Identification Authority of India (UIDAI) law after President’s approval.

Amendments:
The amendments in the law will enable the authority responsible for issuing Aadhaar numbers to hold back the misuse of 12 digit identification numbers by aadhar. An Aadhaar holder can now opt for offline verification through QR code with consent. 
An individual can not be  compelled to provide proof of possession of Aadhaar number or undergo authentication for the purpose of establishing their identity unless it is so provided by a law made by Parliament.
The cost of e-KYC verifications for banks, financial technology companies and telecom service providers had increased substantially after the Supreme Court ruled in September that Aadhaar could only be used in direct benefit transfer for welfare schemes.

Provisions under the Bill:
UIDAI can impose a penalty of up to ₹1 crore if an entity fails to comply with the Aadhaar law and does not provide information sought by UIDAI. 
UIDAI has given an option to children to cancel their Aadhaar on attaining 18 years. 
Also, an entity is given a provision to create a UIDAI Fund, which will contain all fees, grants and charges received by the authority. The fund will be used for UIDAI’s expenses

SC order:
In September 2018, considering the privacy concerns, SC said that it was not mandatory for customers to link their Aadhaar number with their respective bank accounts or mobile phone numbers. 
The Centre has brought in an ordinance to amend three laws in February. The laws are:
1. Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016
2. Indian Telegraph Act, 1885
3. Prevention of Money-laundering Act, 2002
The ordinance was passed to enable the government’s decision for voluntary use of Aadhaar for fulfilling KYC norms. 

Daily Current Affairs 2019



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