Page 16 - Banking Finance December 2024

ROUNDUP

"There's evidence, whether from the
unemployment rate, registrations with Aadhaar not authoritative DoB proof, says top court
the Employee Provident Fund, or pri- Observing that Aadhaar is not an authoritative proof for date of birth, SC
vate sector job indices that jobs are set aside a Punjab and Haryana HC order which had relied on Aadhaar for
being created. But the real question is deciding the age of a victim for calculating the amount of compensation in
about the quality of those jobs, which a road accident case.
is ultimately more important." A bench of Justices Sanjay Karol and Ujjal Bhuyan saidif there are reliable
Addressing concerns over India's unem- age documents, then they should be considered.
ployment metrics, he said that rural job It approved the Motor Accident Claims Tribunal's (MACT) decision to rely
figures reflect a shift toward self-em- upon School Leaving Certificate for age determination as there was a dif-
ployment and income-generating ac- ference in date of birth on the two documents.
tivities, rather than merely unpaid The court noted that UIDAI by way of its circular in 2023, had stated, in
work. "People say unemployment is reference to an office memorandum issued by the electronics and informa-
lower because we are counting agri-
tion technology ministry, that an Aadhaar card, while can be used to estab-
cultural employment," he added.
lish identity, is not per se proof of date of birth. The card has not been re-
"That's partially true. It's statistically lied upon by various HCs as proof for date of birth, SC said.
true. But however, the jobs that are
being created in rural India are also
now people working on their own, not ing them of our decision not to accept on April 27, 2017. Since then more
in unpaid jobs, but generating their their donation." than 1.4 crore passengers have taken
UDAN flights, says the Union aviation
own incomes, etc., and participating in He added that the Telangana govt had
family enterprises. I wouldn't consider not accepted a single rupee from any ministry. Over 600 UDAN routes have
that as disguised unemployment." organisation, including Adani Group, been operationalised so far.
thus far. The scheme covers from Airbus A320/
Adani Foundation donates Boeing 737 to small planes, choppers
PM opens 3 UDAN airports and seaplanes and has brought air con-
Rs. 100 crore to skills uni- nectivity to the doorsteps of small
on 8th annivarsary of avia-
versity in Telangana towns now.
tion policy
Telangana govt has decided not to Rahul Bhatia, InterGlobe Aviation and
accept the Rs 100 crore donation an- Prime Minister Narendra Modi inaugu- IndiGo MD, said, "The way this Govt is
nounced by Adani Group chairman rated three airports that have been working in the aviation sector, I have
Gautam Adani for the Young India Skills developed under regional connectivity never seen it before in my thirty
University being set up in the state. scheme (RCS)-ude desh ka aam nagrik years." Vinay Dube, Akasa AirCEO,
The group had offered the donation (UDAN) scheme at Rewa in Madhya said: "A golden decade of airlines is
through its corporate social responsi- Pradesh, Ambikapur in Chhatisgarh and coming; I see a lot of profitability for
bility arm, Adani Foundation, on Oct Saharanpur in UP. the next 10 years.
18, but the govt is yet to receive the The PM inaugurated three airports
money. from Varanasi on the 8th anniversary Indians lost Rs. 120 crore

"My cabinet colleagues and I did not of India's national civil aviation policy in digital arrest frauds in
want to be associated with unneces- (NCAP) 2016 that was launched by the
sary discussions and situations that aviation ministry on Oct 21, 2016. January-April 2024
UDAN is a vital component of NCAP
may dent the image of the state govt INDIANS LOST Rs 120.30 crore in "digi-
and subsidised RCS flights will soon to
or my own," chief minister A Revanth tal arrest" frauds, which was high-
Reddy said. "On behalf of the state the three new airports that were in- lighted by Prime Minister Narendra
govt, our IT and industries department augurated. Modi, in the first quarter of this year
special chief secretary Jayesh Ranjan The PM had flagged off the first UDAN alone, government cybercrime data
has written to the Adani Group inform- flight under RCS on Shimla-Delhi sector shows.

BANKING FINANCE | DECEMBER | 2024 | 15