Centre had earlier set December 31 as the last date to link Aadhaar, except the Aadhaar-Mobile SIM linking, which is February 6 next year.

Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to link existing policies and new policies with Aadhaar.

He penned down his thoughts, backed by numbers and data on a lengthy Facebook note.

After bank, mobile, Aadhaar is now mandatory for post office schemes, PPF, NSC, KVP.

The 12-digit Aadhaar is  being aggressively pushed by government for availing a host of financial services like bank account and mutual funds.

While Supreme Court's upholding of right to privacy as fundamental right has been welcomed, it might result in people refusing to part with their biometric details and derailing government's push for Aadhaar enrollment

You will be surprised to know nearly Rs 70,000 crore is lying unclaimed in various kind of accounts in the country. Investors have parked their money in stocks, insurance policies, provident funds and seem to have forgotten all about it. 

The Income Tax department will soon share PAN and ITR details of companies with the corporate affairs ministry, amidst the government stepping up efforts to curb the menace of black money.

India is in the midst of change driven by technology. The biggest disruption is happening in the fintech sector as new businesses are emerging, be it robo advisory, P2P lending, block chain or wallets.

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After limiting the cash transaction limit to Rs 2 lakh a day, the Central Board of Direct Taxes has said that the limit will not be applicable on withdrawals from banks, post office saving accounts and cooperative banks.

The Government on Tuesday made amendments to the Finance Bill 2017 proposing to cap cash transactions at Rs 2 lakh instead of Rs 3 lakh and make the Aadhaar card number mandatory while filing the income tax returns, among others.

The bank also said it has not received any \"formal communication\" from the government for re-considering the penalty and it will take a call \"if something comes\". It also clarified the penalty would not apply to Jan Dhan accounts.

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The Income Tax Department is also mulling over the option of developing a smartphone app so that the citizens can pay their taxes on the go. The same app will also allow them to track their returns and an option to apply for PAN card.

The first Budget since demonetisation has been a careful exercise by Finance Minister Arun Jaitley. It caters to the core constituency - farmers and lower income people - while not introducing anything that hurt industry.

To promote digital payments the government will authorize support for digital payment methods, including the BHIM app in petrol pumps, fertiliser depots, municipalities, block offices, road transport offices, hospitals, universities, colleges and other institutions. The launch of the BHIM app has already created opportunities for the digital financial service to be available to all.

The S&P BSE Sensex ended the day 1.76 per cent higher at 28,141.64, gaining 485.68 points while the Nifty50 closed at a crucial level of 8,716.40, up 155.10 points.

Finance Minister Arun Jaitley on Wednesday presented Union Budget 2017-18 in Lok Sabha.