Pan Card details of a middle class employee earning Rs 25,000 per month was stolen. And then what happened next will shock you: Rs 20 crore worth of fraud and illegal transactions took place, of which the man had no idea.
Meanwhile, Income Tax Dept. has launched a new feature, using which anyone can generate ePAN, without any document. That too instantly!
Basically, RBI has altered the Liberalised Remittance Scheme rules, which allowed money transfer up to $25,000 without any PAN Card requirement.
In a welcome step, Supreme Court has now made deadlines for all these services and schemes as March 31st, thereby removing all forms of confusion and chaos.
It has been found that UIDAI, the nodal authority for Aadhaar Card, intentionally shared a large chunk of private Aadhaar data with two private firms.
Defining a smaller limit for cash transactions has a two-fold purpose. It will help keep money laundering in check and push more cashless transactions.
WIth so many bogus PAN cards issued to non-existent people and against false information, the Government is now reigning in the curlprits and cleaning up the system.
The deadline for linking PAN to Aadhaar Card has been extended to 31st August. Beyond that, any PAN cards not linked with Aadhaar will be deactivated.
After Govt. of India mandated that every PAN Card issued to any Indian citizen needs to be connected with their respective Aadhaar card before July 1st, there has been growing concern regarding this one question: What happens if this is…
In a huge blow to the detractors of Aadhaar push, Supreme Court has ruled that Govt. of India is correct in pushing Aadhaar for availing welfare schemes. Hence, after this recent judgement from the apex court, it is clear that…