I think the government must be really desperate regarding the prospects of our economy to propose something like this. Use the money set aside for a rainy day (provident /prɒvɪd(ə)nt/ adjective - making or indicative of timely preparation for the future) and use it to, I don't know, buy a smartphone just so that demand picks up and the stock market starts rising again and the the folks with disposable incomes which go into SIPs can continue to breathe easy that their futures are secure (note that such folks will know better than to forgo their provident fund contributions and spend the money on useless junk instead).
What's happening @Twitter? We wouldn't be talking about this or arguing about Facebook's Free Basics if the same efforts towards coming up with vendor-agnostic standards like HTTP, FTP, etc. could have been devoted to social media and Web 2.0 (rinses mouth out with Listerine). Imagine a world where you can use any protocol-compliant software (or even the browser itself) to do all the sundry things people do (follow/like/poke/stalk) on Facebook and Twitter, without being beholden to evil companies?
Before taking Headley's statements too seriously, people need to remember that he's completely owned by the Americans, and he will say whatever it takes to fulfill their foreign policy objectives (stoke up more conflict between India and Pakistan, bail out the Indian/Gujarat governments in the Ishrat Jahan case, and so on). Not to mention the annoying thing called 'hearsay'.