-The Hindu Business Line Aadhaar mandatory for applying for PAN; filing IT returns New Delhi: India Inc can make donations to political parties without any fetters now that the amendments to the Finance Bill, passed in the Lok Sabha on Wednesday, have removed the existing cap of 7.5 per cent of their average net profits for last three financial years. The amendments include reduction to the limit for cash transactions to Rs. 2...
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Direct transfer, 2 lakh sale points: Big fertiliser subsidy reform rollout in June -Harish Damodaran
-The Indian Express Under the proposed system, payment of subsidy is to be based on weekly settlement of claims from actual sales data captured on POS machines. Buoyed by its landslide win in the recent Uttar Pradesh assembly elections, the Narendra Modi government has decided to fast-track the implementation of the direct benefit transfer (DBT) system for payment of fertiliser subsidy to farmers. From the coming kharif season, beginning June, the Rs...
More »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...
More »Aadhar to be made mandatory for filing I-T return, applying for PAN card
-The Times of India/ PTI NEW DELHI: The government has proposed to make Aadhaar card mandatory for filing income tax return and also applying for permanent account number (PAN). The new proposal has been made through an amendment to the Finance Bill. Recently, the I-T department had announced a mobile app for paying taxes and tracking of refunds. It had also said it was considering issuing PANs on real time basis using Aadhaar...
More »In a first, Karnataka uses Aadhaar to transfer subsidy to one million farmers -KR Balasubramanyam
-The Economic Times BENGALURU: Karnataka has successfully credited Rs 671 crore of input subsidy to about one million farmers hurt by drought using their Aadhaar identity, in the process becoming the first Indian state to do so. The feat is all the more special as Karnataka is home to the largest number of technology companies in the country, and also to Aadhaar architect Nandan Nilekani, who campaigned and worked for the success...
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