AADHAR BILL
Which NBFCs will gain the most from rate hike cycle? JM Financial lists top picks
JM Financial highlights how soaring bond yields and policy rate hikes impact Indian NBFCs. While housing finance companies like LIC Housing Finance and PNB Housing Finance stand to benefit on NIMs, vehicle and MFI lenders face headwinds. Top stock picks include Aditya Birla Capital, Piramal Finance, and CreditAccess Grameen.
FM asks tax officers to strengthen GST registration process further by using technology
"Smt @nsitharaman instructed that the GST registration process may be further strengthened using technology to curb entry of such fake entities in GST ecosystem. The FM called for a nationwide campaign to explain the objectives of the special drive to weed out fake entities," the office of the Finance Minister said in a tweet. During the review meeting, which was also attended by Revenue Secretary Sanjay Malhotra and CBIC Chairman Vivek Johri, Sitharaman was apprised of the methods like identity theft of people being adopted by fraudsters.
PAN won't become inoperative if not linked to Aadhaar till SC judgement: Gujarat High court
The deadline for linking of PAN and Aadhar had been extended several times and now the new deadline is March 31, 2020. So, if a person doesn’t link his PAN with Aadhar by the said date, his PAN shall be inoperative.
Equitas Small Finance Bank to offer fixed deposits via Google Pay
To avail the facility, users are expected to undergo a standard know-your-customer process, which will require an Aadhar card. However, users are not needed to have an account with the bank itself.
Government plans to revamp scholarship schemes
The backbone of the new guidelines, which would come into effect from April 1, 2021, would be an IT-enabled uniform disbursal system which would make Aadhar seeding mandatory.
UPI crosses 100 crore transactions in March despite COVID-19 lockdown and Yes Bank crisis
Nearly all digital channels operated by NPCI such as UPI, IMPS, Fastag and Aadhar Enabled Payment System (AePS) recorded reduced traffic in March; only BBPS bucks the trend and posts higher volumes.
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Aadhaar verdict: Win some, lose some for Modi government
It is a 4:1 split verdict by the five judge constitutional bench.
Reforms in the economy will improve ranking in Ease of Doing Business: Shaktikanta Das
Major decisions have been taken with far reaching consequences, starting with the liberalization of the FDI, which was announced just before Diwali, he said
Andhra Bank to launch Bharat Bill Payment Service soon
The MD and CEO said Andhra Bank was focusing on delivery of services using technology under the JAM (Jandhan-Aadhar- Mobile) initiative.
India's medium-term outlook to only improve further: HSBC
"With a possible likelihood that the Goods and Services Tax Bill will get passed later in the year, India's medium term outlook would only improve further," HSBC said.
GDP growth likely at 7.4 percent this fiscal, says HSBC
The global financial services major expects growth to remain flat as banking sector stress is likely to pull growth lower while normal rains could revive rural demand.
There is opposition to GST Bill in BJP, alleges Congress's Jairam Ramesh
Ramesh lashed out at the Centre for categorising the Aadhaar bill as a money bill, and alleged that sole motive of the Centre was to circumvent Rajya Sabha.
Lok Sabha rejects Rajya Sabha recommendations, passes Aadhaar Bill
Rejecting Rajya Sabha's five amendments, Lok Sabha passed the legislation that aims at better targeting of subsidies through the Aadhar.
Rajya Sabha returns Aadhar bill to Lok Sabha with Opposition amendments
Members of BSP, TMC and BJD walked out of the House raising objections on several issues concerning the measure.
Government to press for passage of key bills
The Lok Sabha will also take up scheduled financial business, including the Appropriation (Railways) Bill, 2016, besides a general discussion on the Budget.
Large amounts to be saved by routing subsidy through Aadhar:Govt
Thousands of crore rupees will be saved by routing government subsidy through the Aadhaar system, Finance Minister Arun Jaitley said.
Biometric data of 99 crore Indians collected; data encrypted: Government
Biometric data of about 99 crore Indians have been collected so far under Aadhar scheme and the data is encrypted and its secrecy and security ensured.
Aadhar legislation is a money bill: FM Arun Jaitley in Lok Sabha
Jaitley asserted that it was a money bill, overruling Congress' objections that it has been turned into a money bill to avoid voting in the Rajya Sabha.
Little Rajya Sabha role, Aadhaar Bill to be moved as Money Bill
The Aadhaar Bill is all set to make the Aadhaar number mandatory for availing subsidy benefits of any government scheme, contrary to SC rulings.
Statutory status to Aadhar; government to bring Bill in 2 days
"I will introduce in one or two days. It is ready. I have also given notice," Finance Minister Arun Jaitley today said while talking about his announcement on Aadhar."
Bid to make Aadhaar card must for government benefits
The bill seeks to ensure stronger legal protection of Aadhaar's biometric data by incorporating privacy provisions and restricting its sharing and use.
Rajnath Singh hints at merger of NPR and Aadhaar
During his first interaction with ministry officials, Singh is said to have asked for suggestions on how the two schemes could be made "complementary".
BJP attacks Aadhar scheme for not having Parliament sanction
UIDAI came under fresh attack with the BJP alleging that the Aadhar card does not have Parliament's approval.
Aadhar number increases convenience "dramatically": Nandan Nilekani
Unique Identification Authority of India chairman Nandan Nilekani today said the Aadhar number "dramatically improves the convenience" and makes the life "simpler".
Food security bill: Experts seek proper selection, revamped PDS
Proper selection of beneficiaries by the states and a reformed mechanism of public distribution needs to be put in place.
Direct cash transfer to curb wastages, leakages: Manmohan Singh
"Centre's ambitious direct cash transfer scheme will help in better targeting of subsidies and reducing delay in delivery of benefits. "
'Millions of Bangladeshi intruders trying to get Aadhar cards'
BJP leader claimed about 1.50 cr B'deshi "intruders" were trying to get 'aadhar' to avail benefits of govt schemes.
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