21 banks have launched United Payments Interface application.
There are over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.
The tumultuous Winter session of Parliament ended on Wednesday a day before schedule with proceedings in the Lok Sabha and the Rajya Sabha marred by repeated disruptions by the opposition over which the government and the Congress traded charges and the presiding officers expressed their anguish at the conduct of some MPs.
Trinamool Congress floor leader Derek O'Brien was suspended from the Upper House of Parliament on Tuesday for the remaining part of the Winter session after he threw a Rajya Sabha rule book at the Chair.
Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
Since the deadline for Justice B N Srikrishna Committee's feedback is December 31, the government is unlikely to table a data protection Bill in the winter session of Parliament.
Admittedly, EVMs too have a UID number and any convergence of data can make the secret ballot system a party of history, warns Dr Gopal Krishna in the 5th part of his series against Aadhaar.
Nowhere on the planet, nowhere in mankind's history has such an idea taken the concrete shape in form of a law. The National Food Security Bill, which will come via ordinance and not after the debate in Parliament, is an incredible economic tool to tackle the hunger of poor Indians. Also, it has already been condemned widely as a political gimmick.
Businesses with monthly turnover of over Rs 50 lakh will have to mandatorily pay at least 1 per cent of their GST liability in cash, the finance ministry said as it moved to curb evasion by fake invoicing. The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in Goods and Services Tax (GST) rules which restricts use of input tax credit (ITC) for discharging GST liability to 99 per cent. "... The registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in excess of 99 per cent of tax liability, in cases where the value of taxable supply ... in a month exceeds Rs 50 lakh," the CBIC said.
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
'The government's proposal to store citizens' data including Aadhaar data under its Digital India initiative on cloud is violative of the citizens' human rights because the cloud is admittedly beyond India's jurisdiction.'
Priorities include the amendments of the Companies Act and the Motor Vehicle Act
The Microsoft chief's comments come in the wake of Bill Gates' call for levying taxes on robots that take away jobs from people.
Govt looking for common ground on GST; hopes to pass it soon.
The global economy is fragile now. It continues to face both long-term and short-term issues.
'When resources are few; when frugality demands repairing a broken thing rather than replacing it with a brand new and expensive option, enterprising commoners in rural and urban India improvise on a daily basis and solve their problems with whatever they have,' observes Shivanand Kanavi.
Ramesh says that since the attitude of the Narendra Modi government is deliberately provocative and confrontational, it should not expect cooperation from the Congress.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
Deputy Chief Minister Sukhjinder Singh Randhawa held a meeting in Amritsar with the deputy commissioner, the police commissioner, the inspector general of police (border range), the Amritsar Rural Senior Superintendent of Police and other officials after the incident.
In the Majnu Ka Tila area in New Delhi, Children carrying tricolour burst crackers and shouted 'Bharat Mata Ki Jai'.
The Modi government could steer through Parliament 59 out of 75 Bills.
The report said the global economy will lose $12 trillion or more by the end of 2021 despite spending of $18 trillion in trying to stimulate growth around the world.
Lakshmanan contracted polio when he was only three months old. 'I didn't want to go for the swayamvar, but my uncle convinced me to attend.' He sat close to the door at the swayamvar. And then, Rohini walked in. Both her legs, too, were afflicted with polio.
'With the Citizenship Amendment Bill, Hindus from Pakistan can come to India. They have got a way,' says Gurumukh Jagwani who came to India on his honeymoon, loved the country so much that he stayed back and got Indian citizenship.
It's time we dispensed with the paper trail and shifted all labour law paper, workflows and permissions online.
Since Justice D Y Chandrachud is one of the youngest on the bench and is slated to become the Chief Justice of India on the seniority principle, his views have special significance for the future, says M J Antony.
Apart from high-profile cases like the validity of Aadhaar Act in light of the right to privacy judgment and Ayodhya land dispute, the CJI is also heading various benches that are expected to decide cases related reservations to Scheduled Castes and Scheduled Tribes in promotion in government jobs, the alleged dilution of Section 498A of the Indian Penal Code -- which stipulates punishment against harassment of women by husband and in-laws -- and framing of guidelines to check violence and vandalism by a protesting mob.
As the government faces a difficult choice in keeping up with the rest of the world in AI development while making sure it does not add to unemployment, it has set up a task force to draw up a policy for the accelerated deployment of AI
Domino's India data that included sensitive customer information such as their names, phone numbers, and credit card details has allegedly been breached and put on sale on the dark web. According to tweets by Israel-based Co-Founder and Chief Technology Officer of cybercrime intelligence firm Hudson Rock, Alon Gal, the data is worth 13 terabytes (TB). He tweeted on Sunday that the data includes as many as 180 million order details, including 1 million credit card details. The data, said Gal, was up for sale on the dark web. The threat actor, he said, was asking for $550,000 for the data.
The current 3-page form is simplified version of an income tax return form after removing mandated disclosure of foreign trips and dormant bank accounts introduced two years back.
The Income Tax Return Form-1 (Sahaj) will replace the 7-page form, removing a plethora of columns on deductions from income claimed.
The prime minister also said the government has offered to discuss clause by clause of the three farm laws and if there are any shortcomings it was ready to make changes.
The Rajya Sabha approved 15 legislations during the session while the Lok Sabha passed 23 bills, including the GST bills.
When it comes to a significant investment like a four-wheeler, many people end up paying high interest rates on car loans which can lead to high monthly installments.
Now, 83 per cent males and 77 per cent females have formal bank accounts but they are hardly using them
The plan of UID/Aadhaar-based surveillance does not end with the collection of fingerprints and iris scan, it goes quite beyond it and poses a lethal threat to the idea of India, says Gopal Krishna.
Even his critics say Thaawar Chand Gehlot is a man of delivery. 'If a task is assigned, he wins it over with political sagacity,' they say.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
There are unprecedented political implications of identification based on 'biological attributes of an individual', such as employed by Aadhaar, warns Gopal Krishna.
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