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Budget 2019: Will the Banking Cash Transaction Tax make a comeback?

The government is considering introducing a tax on cash withdrawal on persons who withdraw more than Rs 10 lakh in a year and implement an Aadhaar based authentication for high-value cash withdrawals.

Amit Shah's first bill today in Lok Sabha on J&K reservation

The bill makes provision for allowing voluntary use of Aadhaar as an identity proof for opening bank accounts and getting mobile phone connection.

How to invest in mutual funds using WhatsApp

Some service providers ask the investor to send a message to a designated mobile number to initiate the transaction.

India’s Aadhaar process may find takers abroad

Rai said that representatives from both the companies would soon be reaching out to the authorities in these countries .

Rental startups moot CIBIL-like ratings for customers

The move could resolve many trust-based issues for these startups, but will be challenging to implement, say experts.

Market Movers: What changed for D-Street while you were sleeping

Let us check out the factors that have the potential to move markets all through Monday.

CSCs to restart Aadhaar related work within a week

VLEs provide government services like train ticket booking, passport application, birth certificate, registration for Ayushman Bharat scheme etc.

Aadhaar Amendment Bill gets Cabinet approval, to be introduced in upcoming Parliament session

The Aadhaar Amendment Bill 2019 will be introduced in the ensuing session of Parliament, according to an official release.

Right time to expand GST coverage to all sectors; converge tax slabs: India Inc

The all-powerful GST Council Friday extended the tenure of the anti-profiteering authority by two years and approved imposing a penalty of up to 10 per cent on entities not passing on benefits of GST rate cuts to consumers.

Rental startups will soon rate customers to predict their behaviour

The move could resolve many trust-based issues for these startups, but will be challenging to implement, say experts.

Digital payments zoom past FY19 target driven by private lenders

Online transactions rise to 31.34 billion compared to 20.7 billion in FY18; Yes Bank, IndusInd, ICICI Bank lead the charge.

ED summons IMA proprietor Mansoor Khan

ED has displayed the copy of the summons at properties owned by Khan. Summons have been issued under the Prevention of Money-Laundering Act, 2002.

Copies of 10 ordinances issued by previous govt tabled in Parliament

The Union Cabinet had recently approved converting most of the ten ordinances into fresh bills to be introduced in the ongoing session of Parliament.

PM should focus on underground resources, give Rs 2 lakh loan to Aadhaar holders: Anil Agarwal

India, Agarwal says, is in 'satyug' under the Modi government where coteries have been demolished and only performance recognised.

GST council extends tenure of anti-profiteering body

The 35th Council meeting was the first to be chaired by the new finance minister Nirmala Sitharaman.

Trai mulls approach to determine unique mobile subscribers base

The latest Trai data pegs India's total wireless subscriber base at 1,161.8 million as on March 31, 2019, while the wireless teledensity stands at 88.46.

35th GST council meet: Single return for all businesses from January 1, 2020

The GST Council also extended the date for filing annual returns under the GST by two months to August 30.

IndiaMART IPO opens on Monday; here’s what you need to know

The first public issue by any company under Modi 2.0 is an offer for sale (OFS).

How to download Aadhaar from the UIDAI website

If you have applied for an Aadhaar card but have not received it yet, you can download a PDF of it online from the UIDAI's website. Watch this video for the step-by-step guide to download Aadhaar from UIDAI website.How to download Aadhaar from the UIDAI website

Banks can use Aadhaar for KYC with customer's consent: RBI

The RBI specifies Know Your Customer norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts.

Banks can use Aadhaar for KYC with customer's consent: RBI

The RBI specifies Know Your Customer norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts.

The bill that is about to change your driving habits forever

It was being opposed by opposition parties for curtailing the powers of states and favouring corporates.

How to take home loan under PMAY

To apply for a loan under PMAY, the annual income for MIG I should be below Rs 12 lakh and for MIG II it should be between Rs 12 lakh and Rs 18 lakh.

Soon, single card to let you ride any Metro in the country

Sources said the government is also working to offer other options to passengers including the option to generate QR code or giving a paper slip with QR code for single journey.

4 ways to link PF account with Aadhaar

As per the unified portal of EPFO, if you wish to file an online claim for your EPF, then you have to mandatorily link your UAN with Aadhaar.

How to check the status of Aadhaar card

After the enrolment, there are two ways to check the status of your Aadhaar card.

Government mulling tax on cash withdrawal of Rs 10 lakh a year

Govt plans to impose tax on those withdrawing Rs 10 lakh per year to promote digital payments.

How to apply for Aadhaar card

To apply for an Aadhaar card, here are the six steps you should follow.

Aadhaar services that you can avail via SMS

These services are useful for those individuals who do not have access to the Internet, UIDAI's website or m-Aadhaar app.

Government calls all-party meet before Parliament session

The government will seek the support of the opposition parties in getting crucial bills passed in the session including one on triple talaq

UN panel lauds India's digital initiatives for economic inclusion

The panel, tasked to map the trends in digital technologies, identify gaps and opportunities and outline proposals for strengthening international cooperation.

Experts’ body must guide tech policy-making, says Wharton School professor

Kartik Hosanagar says policy changes have been made in response to popular sentiment.

New offline KYC rules will ease fintech's pains for now

The banking regulator’s move has opened up opportunities for the fintech sector, with innovative means of leveraging the Aadhaar database.

Bills on 10 ordinances lined up for house session starting June 17

The list includes the contentious triple talaq bill, and amendment bills on Jammu and Kashmir reservation, Aadhaar laws, Companies Act and Indian Medical Council Act.

What are the documents required to apply for Aadhaar Card?

To apply for Aadhaar card, you are required to provide valid documents of proof of identity, address proof and date of birth.

India to rein in China's gift horse

Govt mulls cap on overseas gifts received by individuals to prevent misuse of customs norms.

PIL seeks to link Aadhaar with social media accounts

The petition has been filed by advocate and Delhi BJP leader Ashwini Upadhyay.

Now you can lock your Aadhaar number. Here’s how to do it

Once you have locked your Aadhaar number, the authentication services using any method cannot be done using Aadhaar number.

How to link Aadhaar card to bank account

The process of linking your Aadhaar with a bank account can be done both online and offline.

How to check if PAN is linked with your Aadhaar

The government has extended the cut-off date for linking Aadhaar with Permanent Account Number (PAN) to September 30, 2019. The Supreme Court (SC) has upheld that PAN must be mandatorily linked with Aadhaar as per Section 139AA of the Income Tax Act. As per this section, if your PAN is not linked with Aadhaar, then it would be deemed to become invalid. Here's a quick guide to check if the two are linked.How to check if PAN is linked with your Aadhaar

RBI formed panel suggests roping in local retailers to act as cash points

The committee has proposed a network of cash disbursement points where a customer can seamlessly convert digital money to physical cash.

Aadhaar just an ID, says Nandan Nilekani

Defending Aadhaar, the Infosys co-founder said it never collected data on individual.

Expediting market development key to achieving long-term growth potential

Health of the financial services sector also requires urgent attention.

How to open an NPS account online without Aadhaar

Aadhaar based registration for NPS account has been disabled since January 2019. Here's the process to open an account online.

Vakrangee Kendras are leading the country towards a digitally inclusive future

The Modi government also wants digital delivery of government services.

In its first Parliament session, government plans to convert 10 ordinances into law

The ordinances were issued in February-March this year by the previous government as these could not be converted into Acts of Parliament in the last session of the 16th Lok Sabha.

Piyush Goyal pushes for nations’ sovereign right to use data for social welfare

Commerce and industry minister also says advocacy on free trade should not lead to justification of data free flow.

PAN-Aadhaar linkage deadline extended

It would still be mandatory, however, to quote the Aadhaar number while filing ITR.

How Modi govt's 2nd term may impact your money and what full budget 2019 may bring

Here are 8 ways in which Narendra Modi's second term in power can impact your finances.

Karnataka education department puts Aadhaar details of 5,000 scholars online

Sources in the education dept told that Aadhaar details of the students are linked to the Student Achievement Tracking System and hence the data showed up on one PDF page.

SC refuses to entertain plea challenging Aadhaar Ordinance

A bench of Justices asserted that they are not expressing anything on the merits of the case.

PAN to become invalid if not linked with Aadhaar by September 30

The earlier deadline to link PAN and Aadhaar was March 31, 2019, but, there was no clarity among chartered accountants and legal experts as to whether PAN will become inactive.

IT Firm working for TDP has Aadhaar data of 7.8 crore

TDP has said that they did not have access to raw Aadhaar data and that it was only being used to verify beneficiaries of welfare schemes.

Soon, non-banking companies may verify via eKYC

Access to Aadhaar database will be a boon for mobile wallets and digital lenders.

UPI transactions fall 6% in May

However, amount transferred registered a record high of Rs 1.5 lakh crore last month

Election Results: Startup ecosystem to restart talks on a range of issues with Modi government

Stakeholders in the startup ecosystem have also been clamouring for greater clarity on the FDI in ecommerce policy, which was implemented in February earlier this year.

India’s leadership in e-payments cemented by strong rules: RBI

There has been substantial growth in e-payments by government and also in digital infrastructure.

It makes sense to avoid NBFCs and pharma despite corrections: Hemang Jani

We continue to be buyers in consumer biggies from an investment perspective, says Jani.

Strong regulations help India’s payments system grow, says RBI

In addition, the innovations and changes have lowered costs and have increased social welfare.

Mahantesh Sabarad on 4 reforms market seeks from government

There is a lot of reform expectations and the budget will be one of the key indicators, says Sabarad

PAN, Aadhaar linkage is mandatory; here is how you can do it

The government has notified the deadline to link PAN with Aadhaar. The last date to link PAN with Aadhaar is September 30, 2019. Also, it is mandatory to quote and link Aadhaar number while filing income tax return (ITR) unless specifically exempted from April 1, 2019. So, if you have not linked the two, it is better that you do it soon otherwise your PAN will become invalid. How can you link your PAN with Aadhaar? Watch this videoPAN, Aadhaar linkage is mandatory; here is how you can do it

Will your PAN become invalid if not linked with Aadhaar by March 31? Experts differ

Last date to link PAN with Aadhaar is March 31. However, CAs and legal experts have differing opinions on the validity of PAN after the deadline.

Here's how you can link your PAN with Aadhaar via SMS

There are three ways to link PAN with Aadhaar which are as follows: (a) Through SMS, (b) Through e-filing portal, and (c) While e-filing income tax return.

Govt probes I-T and GST mismatch in crackdown against evaders

One of the most glaring gaps noticed by tax officials is the use of shell companies to make bogus claims. In several cases of fraudulent claims, identity theft was also noticed.

Pushing digital payments: Cash, but no cash

Digital payments have expanded 10 times since the BJP-led government assumed charge in 2014.

Led by IndiaTech, Startups look to restart Governmnt talks

IndiaTech has been leading efforts to establish a listing norm for startups and is also pushing for differential voting rights.

How to open a PPF account for your minor child

An individual with a PPF account of his own and as a guardian of his child can avail a maximum deduction of Rs 1.5 lakh taking both the accounts together.

Fintech not sure of Aadhaar KYC ordinance gains

The permission to use offline Aadhaar could emerge as a ray of hope for the fintech companies, bogged down by paper-based documentation process.

The enablers: These changemakers are helping millions, breaking barriers

Across India, with their set of unique product offerings, many new age, tech-led players such as Payworld, ShopX and Shiprocket are playing an enabling role for MSMEs.

Telcos prefer QR code verification, say Aadhaar eKYC costly

The current procedure of customer verification requires telcos to physically validate their details.

How to check if PAN is linked with Aadhaar

Currently, the deadline for this has not been set by the government although those who have filed ITR for FY16-17 are required to do the same by March 31, 2019.

Market Movers: What changed for D-Street while you were sleeping

Let's check out the factors that could move markets through the day.

Businesses need to pay up to Rs 20 for using Aadhaar services

The UIDAI source said with a nominal cost for each eKYC transaction entities would still be saving on Know Your Customer (KYC) cost.

Aadhaar-based e-KYC to boost user adds for telcos: Experts

Aadhaar, they said, would be a simpler and more foolproof authentication mechanism than the one using QR codes to verify IDs of new users before selling mobile connections.

Govt may have to extend ITR filing deadline for FY18-19; extends Form 16 issue date to July 10

​​If employees get Form 16 by July 10th it leaves very little time for tax payers to file their returns.

Cabinet approves Ordinance for voluntary use of Aadhaar for bank accounts, sim cards

Union Law Minister Ravi Shankar Prasad announced that the cabinet has approved the ordinance to allow voluntary use of Aadhaar as identity proof for opening bank account and procuring mobile phone connection. Cabinet approves Ordinance for voluntary use of Aadhaar for bank accounts, sim cards

Aadhaar seeding waived for PM-KISAN’s 2nd instalment

The Cabinet waived the need for Aadhaar seeding of bank ac-counts for the second instalment of the income transfer to small and marginal farmers under PM-KISAN scheme.

Data empowerment will help all: Nandan Nilekani

Nilekani says digital infrastructure will play a key role in reviving the economy.

Govt eyes 40 billion e-transactions in FY20

For the financial year ended March 2019, the target was of about 30 billion digital transactions, of which 90-95% was met.

Indane leaked millions of Aadhaar numbers: French security researcher

Elliot Alderson, who exposed Aadhaar leaks in the past, has found that Aadhaar data of 6.7 million dealers and distributors have been leaked.

Indane leaked millions of Aadhaar numbers: French security researcher

Elliot Alderson, who exposed Aadhaar leaks in the past, has found that Aadhaar data of 6.7 million dealers and distributors have been leaked.

Job creation up at 8.14 lakh in March: EPFO

In 2018-19, the highest job creation was recorded in January 2019 at 8.31 lakh against the provisional estimate of 8.94 lakh released last month.

Against crony capitalism, not corporates: Rahul Gandhi

Not in favour of Aadhaar’s use for surveillance; discussions needed on reservations in private sector; will not force decisions without consultations.

Linking Aadhaar-PAN is mandatory for tax filers; to be completed by March 31: CBDT

The Supreme Court on February 6 had confirmed that linkage of PAN with Aadhaar is mandatory for filing of ITRs.

Aadhaar e-KYC holders struggle with last minute investments in ELSS mutual funds

Many Aadhaar-based e-KYC holders are struggling to invest in ELSS funds as part of their last minute tax planning exercise this financial year.

Aadhaar e-KYC holders struggle with last minute investments in ELSS mutual funds

Many Aadhaar-based e-KYC holders are struggling to invest in ELSS funds as part of their last minute tax planning exercise this financial year.

Economic Agenda 2019: Putting Aadhaar back in the loop

It had come to be regarded as a means of bringing millions into the banking system, expanding mobile connectivity and boosting digital transactions.

New Govt to use fintech for flagship programmes: Amitabh Kant

The transaction value for the Indian fintech sector which was approximately $33 billion in 2016 is slated to reach $73 billion in 2020, growing at a five-year compound annual growth rate (CAGR) of 22%.

View: Before big reforms understand Modi govt's politics, optics and tactics

The government view and experts’ view on the economy may be quite different.

Linkage of PAN with Aadhaar is mandatory for filing ITR: Supreme Court

The court's direction came on an appeal filed by the Centre against a Delhi High Court order allowing two persons to file ITR for 2018-19 without linking their Aadhaar and PAN numbers.

Govt’s new Aadhaar campaign to mention PM Kisan Nidhi Scheme, earlier IT Return filing

Under the PM Kisan Nidhi Samman scheme, over 120 mn farmers will be receiving Rs 6K in 3 instalments directly into their Aadhaar-linked back a/c.

In stance shift, Congress adopts Aadhaar in Madhya Pradesh

Those farmers whose names are in the white list will have to go to their concerned bank branch to get the Aadhaar seeding done.

Aadhaar: Twists and turns in the biometric tale

UIDAI's efforts around offline modes like eAadhaar and QR code are likely to gather pace in 2019.

Aadhaar: Twists and turns in the biometric tale

UIDAI's efforts around offline modes like eAadhaar and QR code are likely to gather pace in 2019.

RBI eMandate nod paves way for auto-debits by fintech firms

The retail payments body has asked banks to implement both the emandate measures by June 30.

Loan waiver tough for Madhya Pradesh farmers with no Aadhaar card

Farmers were required to mention their Aadhaar number and attach a copy of their Aadhaar card to the loan waiver form.

Fintech companies seek access to Aadhaar

Without legal backing, the JAM (Jan Dhan-Aadhaar-Mobile) trinity has been severely curtailed and has thrown up hurdles for digital expansion by fintech companies and banks.

Fintech companies seek access to Aadhaar

Without legal backing, the JAM (Jan Dhan-Aadhaar-Mobile) trinity has been severely curtailed and has thrown up hurdles for digital expansion by fintech companies and banks.

Cabinet approves Aadhaar Ordinance to allow its use as ID proof for bank accounts, SIM connection

"Aadhaar can be used as KYC on a voluntary basis under the Telegraph Act and PMLA rules," the IT minister said.

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