According to the UIDAI study, it has been affirmed that the authority’s biometric enrolment system is ready to handle high throughput of up to 10 lakh registrations per day and has 99.965% accuracy in terms of duplication detection
New Delhi: Dispelling fears that the biometric technology being employed for the Aadhaar project is flawed, the Unique Identification Authority of India (UIDAI) on Monday asserted that its system is reliable and can achieve the task of providing unique ID cards to the entire population of the country, reports PTI.
“Based on the analysis, the UIDAI confirms that the enrolment system has proven to be reliable, accurate and scalable to meet the nation’s need of providing unique Aadhaar numbers to the entire population,” the UIDAI said.
Amid concerns raised by the home ministry about the quality of data collected by the UIDAI, which could be a security threat, the body today released a report titled, ‘The Role of Biometric technology in Aadhaar Enrolment’, which confirms the high degree of accuracy of biometrics used in the UID project in the context of the large-scale enrolment across India.
The Planning Commission and the home ministry are at loggerheads over the need for the UID project, with both putting forward their respective points of view to prime minister Manmohan Singh.
The controversy is centred on the collection of biometric data of all residents. While the home ministry has maintained that data collected by the Registrar General of India for the National Population Register should form the basis for issuance of unique ID cards, the Planning Commission has reposed faith in the data collected by the Nandan Nilekani-led UIDAI.
The Union Cabinet is likely to discuss the proposal for allowing the UIDAI to continue its work beyond the mandated 200 million enrolments on Tuesday.
According to the UIDAI study, it has been affirmed that the authority's biometric enrolment system is ready to handle high throughput of up to 10 lakh registrations per day and has 99.965% accuracy in terms of duplication detection.
The system meets the country’s requirements in terms of scale as well, with the database capable of accommodating 1.2 billion people.
“The UIDAI biometric system is processing over 100 trillion biometric person matches with a high degree of accuracy each day, capable of issuing 10 lakh Aadhaars daily.
This makes it not only one of the most accurate, but soon to be the largest biometric system in the world,” UIDAI chairman Nandan Nilekani said in a statement here.
“This certainly gives us a high degree of confidence in executing this project of national importance with scale and accuracy,” UIDAI director general RS Sharma said.
The Centre has twice revised its borrowings target in the H2 of FY11-12, leading to over Rs92,000 crore of excess borrowings over and above the budgeted Rs4.2 lakh crore, which has put a severe strain on the budgeted fiscal deficit estimate of 4.6%
Mumbai: Flagging the issue of growing fiscal deficit, the Reserve Bank of India (RBI) on Monday termed as ‘worrisome’ higher dependence on market borrowings by the government and called for fiscal prudence, reports PTI.
“Tighter adherence to fiscal rules (is) necessary as increasing dependence on market borrowings is worrisome,” the RBI said in its macro-economic and monetary developments review released on the eve of monetary policy announcement.
The Centre has twice revised its borrowings target in the H2 of FY11-12, leading to over Rs92,000 crore of excess borrowings over and above the budgeted Rs4.2 lakh crore.
This has put a severe strain on the budgeted fiscal deficit estimate of 4.6% with even the finance minister admitting that meeting the target will be difficult.
The RBI said the government has been borrowing from the open market through Ways and Means Advances due to lesser accumulation in the National Small Savings Fund.
The increased government borrowing, along with rate hikes, has had an impact on liquidity conditions and the apex bank said it had to resort to buy back of Rs61,400 crore of government securities in what it terms as open market operations (OMO) to inject liquidity in the system.
The RBI also made it clear that though the OMO is the instrument of choice, it can resort to adopting other measures to infuse liquidity “as and when required”.
“Growth in 2011-12 is moderating more than what was expected earlier. The business climate has weakened. The slack in investment and net external demand may keep the pace of recovery slow in 2012-13,” the RBI said
Mumbai: Amid concerns over gross domestic product (GDP) expansion, a survey of professional forecasters by the Reserve Bank of India (RBI) has projected that growth will slow down to 7% in FY11-12 and will pick up only marginally at 7.3% next fiscal, reports PTI.
The downward revision of the projection to 7% is startling, as a similar survey three months back had pegged the median forecast for growth at 7.6% in FY11-12 and at 7.7% in FY12-13.
“Growth in 2011-12 is moderating more than what was expected earlier. The business climate has weakened. The slack in investment and net external demand may keep the pace of recovery slow in 2012-13,” a statement from the RBI said.
The RBI pointed out that the manufacturing sector’s reliance on global demand, investment uncertainty and high interest rates were denting the growth.
Volatility in the exchange rates, which affects fund flows and company bottomlines, is a challenge as the country enter the next fiscal, the RBI said, noting there were some positives in the resolution of structural issues faced by the economy.
On inflation, which has been above the comfort level—prompting prompted 13 consecutive rate hikes by the Reserve Bank from March 2010 till October last year—the survey said average Wholesale Price Index (WPI) inflation for the whole fiscal will be 8.8%.
The RBI has given a guidance that WPI inflation, which stood at 7.5% in December 2011, will cool down to 7% by March 2012.
In its Macroeconomic and Monetary Policy Developments report released ahead of the policy review on Tuesday, the RBI said the sentiment of the industry also remains weak.
“Weakening demand, increased global uncertainties, lower availability of credit and higher input costs are seen to be the significant factors affecting the overall business sentiment,” it said.