I believe, this is going to reduce cash and non-cash transaction costs both to the banks and to the potential customers. The UID is another powerful illustration of harnessing technology to the benefit of the poor. 6  163/2009  35.
So in my introductory remarks, I will highlight some of the key risks, give our assessment of resilience and explain our policy actions. And after those remarks, my team and I will be happy to answer questions.