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The Equitymaster Research Digest

One Good Thing in the Budget, Dividend Gold Rush and More
Mar 4, 2016

Editor's note: Today, we are carrying an interesting piece from our colleague Vivek Kaul, the editor of our popular newsletter Vivek Kaul's Diary. Below, Vivek talks about one of the positive things in the recently tabled Union Budget.


Arun Jaitley's third budget has many weak points, but it has a few good points as well. One good point which hasn't been talked about enough in the media is the government's attempt to move the payment of subsidies to an Aadhar based system.

As Jaitley had said during the course of his speech: "We will introduce a bill for Targeted Delivery of Financial and Other Subsidies, Benefits and Services by using the Aadhar framework. The bill will be introduced in the current Budget Session of the Parliament. The Aadhar number or authentication shall not, however, confer any right of citizenship or domicile. A social security platform will be developed using Aadhar to accurately target beneficiaries. This will be a transformative piece of legislation which will benefit the poor and the vulnerable."

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