Aadhaar is falling behind on technology, missing out on confidentiality and has gaps in its data archiving policy and preserving confidentiality in delivery of the cards to people, says a report by the Comptroller and Auditor General of India (CAG). The performance report, 'Functioning Of Unique Identification Authority Of India', tabled in Parliament on the last day of the budget session notes, assigning a unique identity to all resident Indians was supposed to be the key feature of Aadhaar. But "There were instances of issue of Aadhaar with the same biometric data to different residents indicating flaws in the de-duplication process and issue of Aadhaar on faulty biometrics and documents". It says close to half a million such records had to be cancelled by the Unique Identification Authority of India up to 2016.
R S Gujral shifted after controversial taxation proposals during his tenure
BSNL will start providing telecom services, both wireless and fixed line, in Mumbai and Delhi on behalf of MTNL from January 1 on a pilot basis for five to six months.
'Both of us are not politicians. We were forced to enter politics to counter corruption that is looting the country.'
North Block is concerned that when India is trying to attract more investment, putting up restrictions on audit firms could create an avoidable bad advertisement.
Mukesh Ambani said he had never seen any city decked up so strikingly as Lucknow
The forthcoming Budget, the last full one before the 2019 Lok Sabha elections, is expected to contain a number of sops and feel-good announcements, especially regarding social sector schemes.
While the Narendra Modi government has stuck to its stand that pending payment is Rs 12,343 crore, MSMEs calim outstanding amount is Rs 2-3 trillion. Moreover, MSME ministry's SAMADHAN portal has been of little help.
The statement from the CBDT came as raids on the homes and offices of Bollywood actor Taapsee Pannu, director Anurag Kashyap and his partners who launched the now shuttered Phantom Films continued in Mumbai, Pune and Hyderabad for the second day. The searches also covered some executives of celebrity and talent management companies KWAN and Exceed, officials said.
Finance Minister Pranab Mukherjee is set to hold his first Budget related meeting with 28 financial advisors of various ministries and departments.
Millions of central government employees were taken for a ride on April Fool's Day.
Payment in cash for buying goods and services worth more than Rs 2 lakh with the exception of jewellery will attract 1 per cent tax collected at source (TCS) from Wednesday.
Real consumer spending grew four per cent at an annual rate in the third quarter, substantially up from the 2.6 per cent pace during the preceding four quarters
Go cashless. Go clean, say I=T to people.
As per the plea, the PM CARES trust, with Prime Minister Narendra Modi as its chairperson and ministers from departments of defence, home and finance as its members, was created with the prime objective of dealing with the emergency or distress caused by the coronavirus.
Justifying the government's austerity drive, Finance Minister Pranab Mukherjee said on Tuesday the restrictions on foreign visits and other expenses are aimed at curbing wasteful expenditure and containing fiscal deficit.
The Central Bureau of Investigation has booked ace Bharatnatyam dancer and former Chairperson of Sangeet Natak Akademi Leela Samson for alleged "unfruitful expenditure" in Rs 7.02-crore renovation project of Koothambalam auditorium of Kalakshetra Foundation, Chennai.
While the two-phased assembly polls voting has concluded in Assam, in West Bengal two phases have completed while four more remain.
There has been a decline in foreign direct inflow from China in the last three years, with FDI coming down to USD 163.77 million in 2019-20, Minister of State for Finance Anurag Singh Thakur informed the Lok Sabha on Monday. Giving details of the total foreign direct investment (FDI) inflow from Chinese companies in India, he said, it was USD 350.22 million in 2017-18, while it declined to USD 229 million in the following year.
Filing your tax returns may seem like a lot of paperwork, but it is swift and smooth once you start with a clear plan, says Anil Rego.
'Singh is complaining that politicians are summoning Waze after bypassing him.' 'But Singh is himself undermining the hierarchy within his force by interacting directly with Waze.'
Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.
The ministry asked all departments to cut avoidable expenditure, including seminars and conferences at five-star hotels and abroad, purchase of new vehicles, foreign travel and appointment of consultants.
India's finance ministry on Wednesday ordered small-bore austerity measures including a ban on holding meetings at five star hotels and creation of new posts in federal departments, at a time when government revenue growth has slowed down.
The Finance Commission has substantially increased the allocation of funds to panchayats, but a large part of it is apportioned by state governments.
Jammu and Kashmir has spent Rs 12 crore on the maintenance and operation of Omar Abdullah's aircraft since he became the chief minister in January 2009.
In less than five months of resuming charge of the finance ministry, Palaniappan Chidambaram has put in place virtually a new team to take charge of the government's fiscal policy management in the remaining months of its tenure. Will the celebrated economists and IAS officers share the required equation remains to be seen.
The Covid pandemic has left a question mark on how the central government manages its staff.
Ban on purchase of vehicles, except for defence, continues.
The Finance Ministry said it has followed standard practice and has not violated any Constitutional provision by not showing interest on tax refund as separate expenditure in the Budget.
'I am only asking about his travel bills and expenditure.'
The number of centrally sponsored schemes have increased to 35 in FY22 from 30 in FY21 and central sector schemes have increased to 704 from 685 in the previous year, reports Dilasha Seth.
BCCI vice-president CK Khanna, who is also a senior vice-president of the DDCA, was engaged in an ugly war of words with treasurer Ravinder Manchanda regarding procurement of the association's balance sheet for the last financial year (2015-16).
The Ministry of Finance or Commerce would certainly need a larger hospitality budget than the Ministry of Agriculture.
Taking lessons from that, I would think seamless digital payments is something you have to clearly have a roadmap for, the FM said.
Under Section 80D, you can avail of deduction on payment made towards preventive health check-ups.
Facing an acute shortage of COVID-19 vaccines, the Odisha government on Monday decided to float a global tender for procuring the vaccine to inoculate the states entire population, Chief Secretary S C Mohapatra said.
Jalan Kalrock Consortium, the winning bidder for the grounded Jet Airways, will make a total cash infusion of Rs 1,375 crore in the airline and lenders will take a steep haircut on their admitted claims of over Rs 7,800 crore under the approved resolution plan. The National Company Law Tribunal (NCLT) on June 22, approved the consortium's resolution plan for Jet Airways, which has been undergoing insolvency resolution process since June 2019. The carrier shuttered operations in April 2019.
