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The economics of unique identity

There is a lot the Unique Identiy (UID) number will do. And a lot that it can't.

     Print Edition: February 7, 2010

There is a lot the Unique Identiy (UID) number will do. And a lot that it can't. The UID number will guarantee identity. This alone, by eliminating duplication of beneficiaries in government schemes, could save the government upwards of Rs 20,000 crore a year. That is not all, by allowing access of database to private sector, the UID authority will earn upto Rs 300 crore a year.

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