CRACKING THE CODE

dubai — When was the last time you made purchases in your home town without declaring that you are an expat probably even felt nice for having saved a few notes, since you posed as a resident. When was the last time you asked your family member back home to use his or her bank account for your purchases?

If you are going to buy gold, purchase a car and planning to invest in property in India, this time it will not be possible without a Aadhaar card introduce by the Indian government to ensure greater transparency in business transactions.

The Aadhaar card holds a 12-digit random number issued by the Unique Identification Authority of India (UIDAI) to residents of India. The process of issuing Aadhaar commenced from 2012 onwards and is generated through a unique process of demographic and biometric procedure.

Aadhaar is applicable to only residents of India and non-resident Indians (NRIs) are not mandatorily required to possess Aadhaar. Having said that it would be unfair to ignore that the Aadhaar is becom- ing the primary source of identification (like the Emirates ID) and is being gradually integrated into all economic spheres of activity.

the Aadhaar is becoming the primary source of identification and is being gradually integrated into all economic spheres of activity Krishnan Ramachandran, CeO, Barjeel geojit