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Now, the Nobel winner Paul Romer praises Modi Govt’s Aadhaar scheme! Says, “It is good for the world”

Recently the Supreme Court verdict had given a big setback to the anti-Modi brigade that wanted to check the Aadhaar scheme in India. The five-judge bench of the Supreme Court had upheld the constitutional validity of Aadhaar by a majority judgment. The verdict said that Aadhaar is mandatory for filing income tax returns.

Now the Aadhaar scheme has got another big boost after the Nobel winner Paul Michael Romer said that “It (Aadhaar) could be good for the world if this became widely adopted”. He further praised Aadhaar scheme saying “it should be part of the policy of the government to give individuals some control over the data that the private firms collect and some control over how that data is used”.

Due to this big statement made by the Nobel winner, the Modi government has stricked another big win, and this time in the world platform. It is even a known fact that the Aadhaar scheme has saved billions of dollars to India by eliminating fake accounts in several areas.
Who is Paul Michael Romer? What was his achievement?
Paul Romer of New York University’s Stern School of Business was awarded with the Nobel Prize for economics for his work connecting technological innovation to economic growth.
Paul Romer, an economist and policy entrepreneur, is a University Professor at NYU and director of the Marron Institute of Urban Management. In 2002, he received the Recktenwald Prize for his work on the role of ideas in sustaining economic growth, says his website.

Months ago when he was the World Bank’s chief economist, Romer said “Aadhaar is the basis for all kinds of connections that involve things like financial transactions…..it could be good for the world if this became widely adopted. It should be part of the policy of the government to give individuals some control over the data that the private firms collect and some control over how that data is used”.

This is not the first time when the Modi government’s Aadhaar earned international appreciation. The tech gaint Bill Gates had praised Aadhaar saying “The bio-ID verification programme has multiple benefits. The benefits of that (basic ID — Aadhaar) are very high. Yes, countries should adopt that approach because the quality of governance has a lot to do with how quickly countries are able to grow their economy and empower their people. Aadhaar in itself doesn’t pose any privacy issue because it’s just a bio ID verification scheme”.
It should be noted that Aadhaar helped in eliminating not just 3 crore fake ration cards but the scheme is so useful that around 20 nations are all set to implement Aadhaar in their nation.
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Source: India Today

Hansika Raj

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