Worldwide

Oil Companies Ask Airtel To Revert LPG Subsidy Payment

Oil Companies Ask Airtel To Revert LPG Subsidy Payment”

The UIDAI suspended the eKYC licence following the numerous reports from users that Airtel was opening bank accounts without the explicit consent of users using the Aadhaar data when they came to re-verify themselves.

On Monday, UIDAI had temporarily barred Bharti Airtel and Airtel Payments Bank from conducting Aadhaar linked e-KYC verification of SIMs and bank clients.

According to media reports, by the end of November, Airtel had transferred Rs. 167.77 crore of subsidy of almost 37.21 lakh customers to Airtel Payments Bank accounts.

Following the Airtel India-Aadhaar subsidy fiasco, the Unique Identification Authority of India (UIDAI) on Tuesday has tightened the norms for mapping Aadhaar number to a different bank account.

"We can confirm that we have received an interim order from the UIDAI regarding temporary suspension of Aadhaar linked e-KYC services till their satisfaction on certain processes relating to Airtel Payment Bank's onboarding of customers", the company said in a statement.

The UIDAI said that the NPCI will allow over ride request to an Aadhaar holder only if it is accompanied by the name of their current bank on the APB mapper and confirmation from the requesting bank that it has obtained the requisite consent of the Aadhaar holder for switching to the requesting bank on the mapper.

"The government has taken a stern view of the entire issue and Airtel has been forced to return the amount to original bank account of these customers", said a government source who did not wish to be named.

In the aftermath of the Bharti Airtel case, where LPG subsidy of over 31 lakh users was deposited in Airtel Payments Bank accounts instead of their original bank accounts, the Unique Identification Authority of India on Tuesday chose to revamp the method as per which direct benefit transfers are made to beneficiaries using accounts linked with Aadhaar. The notification detailed the reason for the revamp of the process and went on to list the Bharti Airtel issue as well as general instances of last bank account authenticated becoming the subsidy receiving account.

The problem arose in light of the mandatory linking requirement of Aadhaar with bank accounts as the subsidy from the government started getting transferred to the bank account which was most recently linked to Aadhaar by the beneficiary and not the designated bank account.

Out of Rs167.72 crore of subsidy landing in unauthorised Airtel Payments Bank accounts, Rs88.18 crore of subsidy was transferred for 17.32 lakh consumers enrolled with Indian Oil Corp (IOC), over Rs40 crore subsidy belonged to 10.06 lakh consumers enrolled with HPCL and Rs39.46 crore to 9.8 lakh consumers of Bharat Petroleum Corp Ltd (BPCL), according to DNA citing a senior official.

The UIDAI further said that there have been complaints pertaining to customer verification. "We are in the process of taking appropriate steps in respect of the same".



Like this

loading...
loading...

Latest


11 April 2018
England All-rounder David Willey Replaces Kedar Jadhav
He has two centuries and seven half centuries to his name, which have come while playing in various T20 leagues across the world. With an experience of more than 140 T20 matches, David will prove out to be the Trump Card of Chennai Super Kings this season.

29 March 2018
Max Polyakov: The Knowledge Economy and its Opportunities for Businesses
Knowledge should be the fundamental aspect of any production process, as well as it should be used in every technological process. Furthermore, the USA accounts for more than a quarter of the world economy (24.8%); the cash equivalent is about 18 trillion USD.

20 December 2017
Infant girl missing after mom found stabbed to death in apartment
Bernardez is described as a black male, 5 foot, 9 inches tall, weighing 170 pounds with black hair and brown eyes. He is driving a blue 2000 Toyota Celica with a Texas state license plate number, CM7-L340.

20 December 2017
Man Utd boss Mourinho ready to outbid Real Madrid for £90M Hazard
United meanwhile, turn their attentions to the EFL Cup tonight (7.45pm) when they face Bristol City in the quarter-finals. Real Madrid are in "advanced" negotiations to sign Eden Hazard from Chelsea next summer, according to reports in Spain.

20 December 2017
Third period collapse dooms Isles in 6-3 loss to Red Wings
The Islanders, though, surrender goals in nearly equal measure (3.4 goals-against, 30th, and penalty kill is 31st at 73 percent). Detroit would take advantage of New York's inability to finish opportunities and score 3 in the third 20.

20 December 2017
Mauricio Pochettino fires warning shot at Man City after tunnel bust-up
Kyle Walker replaces Danilo in defence, meanwhile, and Leroy Sane comes back in at the expense of Bernardo Silva. The England worldwide , who also caught Gundogan in the first half, was shown only a yellow card.

20 December 2017
Samsung Galaxy S9+ shows up on GeekBench with some specifications
The smartphone was running Android 8.0 Oreo and was powered by the octa-core Qualcomm Snapdragon 845 processor with 6GB onboard. This looks to be the (presumably) U.S. version, seeing that it sports a Qualcomm processor instead of the Samsung made Exynos.

20 December 2017
B. Riley Analysts Give Weight Watchers International (WTW) a $65.00 Price Target
Mckinley Capital Management LLC Delaware lowered its position in Weight Watchers International, Inc. (NYSE:WTW) for 88,400 shares. The rating was reinitiated by Morgan Stanley with "Equal-Weight" on Tuesday, November 1. (NYSE:WTW) rating on Monday, October 19.

20 December 2017
Facebook is introducing new tools to help curb harassment
It will also limit certain features like commenting for people who violate the Community Standards of Facebook . People can also control what they share, who they share it with, and who can communicate with them.

20 December 2017
House and Senate budget committees pass allocation bills
The focus now is to help fund both the Oklahoma Health Care Authority and the Department of Human Services through next April. Two bills to patch budget problems for a pair of state agencies are headed to the Senate floor.