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In countdown to Trump's visit, India sweetens trade deal

India is open to greater market access for American farm and dairy products and lower duties on Harley-Davidson.


Feb 19, 2020, 12.47 AM IST



Election Commission push for pending poll reforms at law ministry meet

The amendments needed for linking voter ID with Aadhaar, allowing multiple registration windows to a new voter and ensuring gender neutral rights for ‘service voter’ are at the top of the agenda for the meeting. These issues will figure in the Feb 18 meeting scheduled between the full commission and the law secretary.

PAN to become inoperative after March 31 if not linked with Aadhaar: Income Tax Dept

PAN will become inoperative if it is not linked with Aad...

Govt pegs UIDAI's allocation at Rs 985 cr for FY21

In the current fiscal, the UIDAI was originally allocated Rs 1,227 crore when the Modi-2.0...

  • Electronics and Information Technology Minister Ravi Shankar Prasad also said that pornography, particularly child pornography, is a "serious menace" and measures are being taken to curb it. According to him, the government has taken several steps to keep a check on the spread of fake news, pornographic and anti-national content via social media platforms.

    The letter, sent by UP’s chief secretary Rajendra Kumar Tiwari on February 4, asked for a campaign to be launched on a war footing till February 22 to correct records of all the farmers.

    The Government will soon launch a system under which PAN shall be instantly allotted online on the basis of Aadhaar without any requirement for filling up of detailed application form.

    The total permanent account numbers (PANs) which are linked with Aadhaar number as on January 27, 2020, is 30,75,02,824, minister of state for finance Anurag Singh Thakur informed Lok Sabha. When asked if the government has extended the deadline period for Aadhaar-PAN linking, the minister responded in an affirmative "Yes sir".

    "The idea is to establish India as a tech hub, generate more business for private companies while improving bilateral partnerships,” a senior official told ET requesting not be identified. The person added that is a realisaton in multilateral forums in the especially G20 that India has digitalised rapidly particularly.

    The Economic Survey 2019-20 suggests the creation of GSTN like entity called PSB Network, use of Machine Learning and Artificial Intelligence to prevent the banking frauds. PSBN can use the I-T dept, UIDAI to validate the identity of the customer.

    With this, the company is aiming to simplify and digitize payments for both B2B and B2C players who make regular payments to a large number of vendors, salaries and food allowance to employees, rewards or instant refunds to their customers and even other expenses like utility bills for multiple offices.

    The deadline for linking of PAN and Aadhar had been extended several times and now the new deadline is March 31, 2020. So, if a person doesn’t link his PAN with Aadhar by the said date, his PAN shall be inoperative.

    The budget proposal said that a seller of goods has to deduct TCS at the rate of 0.1% before making payments in excess of Rs 50 lakh. In cases where the buyer doesn’t have PAN or Aadhaar — which is the case with exports — the rate will be 1%.

    Unique Identification Authority of India (UIDAI), the Aadhaar number issuing body has launched the new version of the mAadhaar app that allows Aadhaar cardholder to access more than 35 services from his/her smartphone.

    The amendment will take effect from April 1, 2020. The document explained that e-commerce operator -- an entity owning, operating or managing the digital platform -- will have to deduct one per cent TDS on the gross amount of sales or service or both.

    The Aadhaar, which was introduced in 2009, has crossed a new milestone achieved by crossing of the 125 crore mark. "This means that over 1.25 billion residents of India have the 12-digit unique identity," the Unique Identification Authority of India (UIDAI) said in a press release.

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