Unique identity: the boon & the bane

UID would reveal the benami transactions in stocks and commodity exchanges. It would unearth benami holdings of agricultural land and real estate. The Election Commission would finally be able to issue identity-based card to all eligible voters. Banks, with the help of UID, would streamline their policy of “know your customer.” Duplicate PAN cards, ration cards, below the poverty line yellow cards, driving licences and many such cards which are issued to cheat the government would become a thing of the past. Certainly, UID would increase the government's tax collection, boost enforcement of the law and stop pilferage of development funds.

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