NILEKANI 2 LST

Nilekani said talks are already on with various agencies
and ministries and that "everybody is ready to partner with us
on this and use our UID number in their database."

He said that UID will also help to check black money and
result in higher tax collections as it will become difficult
to have duplicate accounts.

"Once the bank accounts start having the UID, then you
can't keep unaccounted money in the banking system. UID will
sort of act as a check on keeping black money and all that. It
will also strengthen security," he said.

Nilekani said it will take "years and not one day" for
the entire process to change. He said about 600 million of the
about 1.2 billion population will be covered under the project
in the next five years. PTI SAP
JVN


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