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Rs 2 lakh limit not applicable on bank withdrawals

-PTI NEW DELHI: Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday. Through the Finance Act 2017, the government has banned cash transactions of over Rs 2 lakh and said a penalty of an equal amount would be levied on the receiver. In a clarification on the newly inserted Section 269ST in...

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Swim against funding tide -Charu Sudan Kasturi

-The Telegraph New Delhi: A clutch of legal amendments the Narendra Modi government has introduced to allow corporate political donors to mask their contributions drags the world's largest democracy against global currents of rising transparency in electoral funding, analysts and activists have warned. From Brazil to Bangladesh, and Croatia to Cyprus, countries of diverse sizes and varied histories with democracy have over the past decade adopted laws and rules aimed at making...

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The Aadhaar of all things -Shriya Mohan

-The Hindu Business Line From a severely critical stand against Aadhaar in 2014, the Modi-led BJP in power has made a sharp U-turn to bulldoze its way into having every Indian scanned, tagged and labelled. A timeline of the country’s chequered date with the unique identification project You’ve probably read the WhatsApp joke about a post-Aadhaar scenario in 2020 India. A man orders pizza over phone. He is asked for his Aadhaar...

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Crashing sales, fear of vigilantes push cattle farmers to the edge in Yogi Adityanath's UP -Gulam Jeelani

-Hindustan Times Dhanaura (Bulandshahr): Every Wednesday, until two weeks ago, farmers from Dhanaura, adjoining villages and beyond would sell at least 500 spent (no longer productive) buffaloes to meat traders at this licenced weekly market in Uttar Pradesh’s Bulandshahr, about 80 km from Delhi. Not anymore. On March 29, the second Wednesday since the Yogi Adityanath-led Uttar Pradesh government launched its crackdown on illegal slaughterhouses, it was not business as usual at...

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

-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...

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