An Aadhaar card is a unique biometric-based document issued to every Indian
citizen. While it doesn’t have a specific purpose, it establishes the identity
of a person. You can quote your Aadhaar number to identify yourself, rather like
a Social Security number in the United States.
However, you cannot
PAN, or Permanent Account Number, is a unique 10-digit alphanumeric identity for
Indian taxpayers. While applying for a PAN card is optional, it is mandatory to
quote your PAN number for certain financial transactions, such as payments over
INR 50,000.
It is also compulsory for individuals to have a
The Aadhaar card is a necessary document that every Indian should possess.
Whether you want to file your income tax returns, apply for a passport or open a
new bank account, your Aadhaar card can come in handy. It is a
government-approved photo identity proof that works across the country.
I recently learnt about a very interesting cultural code. The Amish, who are
known for their aversion to technology (we’re talking television and cars), have
a distinct method of choosing what technology they allow into their lives. The
bearings they select are usually value-driven and purposeful. Essentially, they
adopt
There is a tenet of Chaos Theory that talks about how you can spot moments of
order – patterns, interconnectedness and self-organization – within chaotic
systems.
Take The Big Bang – the event that led to all entropy and then spawned cosmic
systems. A universe, organized into galaxies organized into solar systems
composed
In Part 1 of this blog series (which you should read because it’s awesome…and
because it sets the stage for this one), I laid out how the densely packed
banking singularity erupted in an explosion of financial services over the
2010s, i.e., the Birth of Fintech
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Up until the 20th century, banks had a fairly elementary role in people’s lives:
They stored money and lent money. Their business model remained fairly simple
and so did consumers’ relationships with their banks. Today, people have a much
more nuanced dynamic with their retail banking system, and banks
They say we are “creatures of habit.” And as far as humans go, our habits always
tend towards the easier way out. And over time, the ‘easier ways’ we find become
new habits.
Think about how we pick frozen food over fresh produce; or take the elevator
instead of the
