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Aadhaar is a 12-digit unique number which the Unique Identification Authority of India (UIDAI) will issue for all residents in India (on a voluntary basis). The number will be stored in a centralized database and linked to the basic demographics and biometric information – photograph, ten fingerprints and iris – of each individual. It is easily verifiable in an online, cost-effective way. It is unique and robust enough to eliminate the large number of duplicate and fake identities in government and private databases. Today I received email from IDBI Bank to link bank account with Aadhaar number so process has already started to connect personal identity to other records like bank account or medical records in future. ------ Dear Customer, As you are aware, Government of India has set up Unique Identification Authority of India (UIDAI) to issue Unique Identification Numbers (AADHAAR Number) to all residents of India.  AADHAAR number will be the ultimate identity proof ...

25th July 2012 Today I attended Red Carpet event  invited by ING at Deccan Rendezvous, Pune. It was good informative seminar by ING presenter. It gives me opportunity to know the economic situation in India, and the developments in the world economy and its effects on India. It was good to know about impact of these situations on stock and mutual fund market.  Seminar was mostly focused on Life insurance for limited period. I was more interested in to know about ING since it is Nederland based 160 year old company. One of the guest raised doubt about trustworthiness and financial stability of ING. Then I start smiling since this conversation end with how Nederland is financially stable and strong country than other European countries. Good to know it is at least now linked to my work. So do Indian investor to invest in country look outside country for guaranty? Global Economy, huh?