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LATEST NEWS UPDATES | Is Aadhaar set to become the primary ID? -Tina Edwin

Is Aadhaar set to become the primary ID? -Tina Edwin

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published Published on Mar 23, 2017   modified Modified on Mar 23, 2017
-The Hindu Business Line

It appears so, going by the various steps taken by the government in that direction

New Delhi:
The government seems set to make the Aadhaar number issued by the Unique Identification Authority of India the primary identification number for all citizens of the country for not just delivery of services and benefits but also to keep track of financial transactions of each individual and curb tax evasion.

This is apparent from the various measures that the government has taken so far or had proposed much before it moved an amendment to the Finance Bill to make quoting of Aadhaar number mandatory for filing tax returns and applying for new permanent account number.

To phase out PAN?

At this stage, there is no indication whether the government will propose to phase out the PAN altogether in the long term.

In his 2017-18 Budget speech on February 1, Finance Minister Arun Jaitley said that steps would be taken to link individual demat accounts with Aadhaar.

He had also stated that Aadhaar-based smart cards with health details would be introduced for senior citizens. A beginning was to be made with a pilot in 15 districts during 2017-18.

The government has also said that it would encourage banks to introduce 20 lakh Aadhaar-based point-of-sale (POS) terminals by September 2017, as part of the Aadhaar-enabled payment system.

In this effort, the rollout of Aadhaar Pay, an alternative to card-based payment and mobile wallets, has already begun.

Please click here to read more.

The Hindu Business Line, 22 March, 2017, http://www.thehindubusinessline.com/money-and-banking/is-aadhaar-set-to-become-the-primary-id/article9596491.ece?homepage=true


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