Supreme Court allows more instruments to use the biometric card.
E-KYCs and Aadhaar authentication are of crucial importance to the fin-tech companies as the recent RBI instructions require strict KYCs for these players to function in the market.
The protection of individual security and privacy is critical to building safe online systems, say Mitchell Baker and Ankit Gadgil.
A key argument against the Aadhaar scheme was that it was violative of the nine-judge bench verdict that had held that Right to Privacy is a fundamental right under the Constitution.
Bank account holders are no longer required to visit their bank branches to update 'know your customer' (KYC) details provided they have already submitted valid documents and not changed their address, the RBI has said. Instead, if there is no change in KYC information, they can submit a self-declaration through email-id, registered mobile number, ATMs, or any other digital channels. Following up on Reserve Bank Governor Shaktikanta Das stating that banks should not insist on branch visits for KYC updation, the central bank on Thursday issued guidelines for the same.
A Cabinet note is expected to be moved to use Aadhaar numbers for electronic Know Your Customer verification of mobile subscribers.
Aadhar is set to be a preferred tool for various people- focussed initiatives of the government in the new year.
'The most valuable personal sensitive information of present and future citizens has been made available to foreign data firms and governments and non-State actors for all time to come,' says Gopal Krishna.
DigiLocker, a government initiative for storing documents and verifying credentials online, is gradually replacing the need for paper.
Last-mile verification with Aadhaar-Based Biometric Authentication have the worst record among other options available to check PDS pilferage. So the Centre's insistence on that option is bewildering, says Reetika Khera.
He said over 30 people were detained for questioning during searches in 30 Rohingya settlements in Jammu city.
After raising Rs 10 crore in seed funding last week from investors like Paytm founder Vijay Shekhar Sharma, Freshworks founder Girish Mathrabootham and Silicon Valley based venture capitalist firm Hourglass Venture, Chennai-based social media startup Pepul told Business Standard that it is looking to raise around Rs 200 crore by June this year for expansion. The social media platform, focused on online ethical practices, will be launched by 1,000 entrepreneurs across the country on January 26. Pepul, founded by G Suresh Kumar, will be using an Aadhaar-based user verification system to get rid of fake accounts on its platform. "We are planning to raise around Rs 200 crore by June this year.
Taxpayers who have not e-verified their ITRs for 2019-20 fiscal can complete the verification process by February 28, 2022, as the Income Tax department has given a one-time relaxation to assessees. As per law, an income tax return (ITR), filed electronically without a digital signature, has to be verified electronically through Aadhaar OTP, or net-banking, or code sent through demat account, pre-validated bank account and ATM within 120 days of filing the return. Alternatively, taxpayers can send a physical copy of the ITR filed to the Centralised Processing Centre (CPC) office in Bengaluru.
The reports also claim that the same beneficiary had been found to avail treatment at two hospitals at the same time.
Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
The Virtual ID, which would be a random 16-digit number, together with biometrics of the user would give any authorised agency limited details like name, address and photograph, which are enough for any verification.
A taxpayer filing ITR electronically without digital signature has to verify it using either Aadhaar OTP, or logging into e-filing account through net banking, or by Electronic Verification Code or by sending a duly signed physical copy of ITR-V through post to CPC Bengaluru within 120 days of uploading the ITR.
A remarkable story which helped in transforming a bureaucratic organization, to a customer centric organization. This experience may inspire several government / private organizations to modify or adopt digitisation to transform their business, notes Professor N Ravichandran (retd).
In the Railways, people in various categories including senior citizens, patients, eminent artists and sportspersons are eligible for availing concessional fare facilities
Aadhaar-based electronic verification code will do away with need to send physical ITR-V copies to I-T centre
The e-filing website of the I-T department would now provide a facility to pre-validate bank account details.
Now the processing of return filed will be through your Aadhaar Number, where, you can link it with your PAN and get rid of sending ITR V to CPC, Bangalore.
Data privacy, he said, is a broader argument beyond Aadhaar as it includes everything such as issues related to mobile phones and social media data.
There are over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.
Aadhaar-based verification and video-based in-person verification for e-KYC have made investing in mutual funds a breeze
Made-in-India apps -- the likes of QuackQuack, TrulyMadly, and Aisle -- are wooing Internet users in smaller towns. Indian consumers spent close to $10 million in 2022 on dating and friendship apps.
Revenue secretary Tarun Bajaj along with senior finance ministry officials on Thursday held a meeting with Infosys managing director Salil Parekh to review the performance of the new income tax portal. More than 3.5 crore Income Tax Returns (ITR) have been filed so far for the financial year 2020-21 through the portal, which had faced glitches following which the ministry had directed Infosys to urgently address the issues. Infosys has developed the new income tax e-filing portal 'www.incometax.gov.in'.
Finance Minister Nirmala Sitharaman said: "This will cover 99.3 per cent of the companies. Now only 0.7 per cent of companies will remain outside this rate."
The facility can be accessed using internet banking, Aadhaar number, ATM and email.
Student activists Devangana Kalita, Natasha Narwal and Asif Iqbal Tanha will remain in jail despite being granted bail by the high court here in the North East Delhi riots 'conspiracy' case as a lower court on Wednesday deferred its order on a plea for immediate release.
The tax department will remain a source of endless nightmares for citizens and 'transparent taxation' will remain an empty slogan and a cruel joke, observes Debashis Basu.
The new measure will ease the process of quick generation of refunds of taxpayers.
Goa excise commissioner Narayan Gad on Monday heard arguments over a complaint against a restaurant, which the Congress claimed was linked to Union minister Smriti Irani's daughter.
Many users did not know that their entitlement was not coming to their regular bank account but going to an account which they had not applied for.
In DigiLocker, a user can get different government departments to issue documents in digital format. At present, there are 117 such issuers. You can get PAN, Aadhaar, vehicle fitness certificate, vehicle tax receipt, class ten and twelve mark sheets, driving licence, caste certificate, ration card, birth certificate, college degrees and diplomas, marriage certificate, and many more.
EPFO has verified or attested 64.67 lakh Aadhaar numbers.
The CBDT said this is "the final opportunity being provided to the taxpayers to regularise their pending ITRs pertaining to AYs 2009-10 till 2014-15.
The Income Tax Department will now process and send refunds in a short time of 7-10 days
A bench directed that only hard copies of supplementary list of inclusions would be published at the NRC seva centers, circle offices and offices of the district magistrates of the state.
The information containing relevant client details and photograph made available from UIDAI as a result of e-KYC process shall be treated as sufficient proof of Identity and address of the client.
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