The gap between PAN holders and the number of returns filed was 617.1 lakh Biometrics uses biological method to identify physical features of an individual The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones. The decision was taken recently by the Finance Ministry, in the wake of a Comptroller and Auditor General (CAG) report that asked the Income...
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Govt to issue biometric PAN cards
The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones. The decision was taken recently by the finance ministry and it comes in the wake of a Comptroller and Auditor General (CAG) report that asked the income tax department to ensure that a single tax payer is not issued multiple cards. The proposed new biometric Permanent Account Number...
More »Have-nots know little, haves do little by Masoom Gupte & Shivani Shinde
Amid technical and infrastructural constraints, Maharashtra has rolled out 1.2 million Aadhaars, but the beneficiaries have been able to make little use of these numbers Ashok Bhil, a 25-year-old graduate from Navalpur, 7 Km from Tembhli, is disappointed with the way the Unique Identification Authority of India (UIDAI) is rolling out Aadhaar in Maharashtra. Last September, the United Progressive Alliance (UPA) government chose Tembhli, a small village in the predominantly tribal Nandurbar...
More »Dr Arvind Virmani, Affiliate Professor (& Distinguished Senior Fellow), George Mason University (School of Public Policy-CEMP), and Executive Director, IMF interviewed by TCA Srinivasa-Raghavan
Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...
More »Aadhaar sets stage for cash transfers by Surabhi Agarwal
In line with finance minister Pranab Mukherjee’s budget announcement on Monday that the government is looking at direct cash transfers as an alternative to the current subsidy on kerosene and fertilizers and to prevent leakages, the Unique Identification Authority of India (UIDAI) is planning to open Aadhaar-linked bank accounts for the purpose. These can be used for other financial transactions as well. The authority is in the process of empanelling banks...
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