Unique Identification Authority Of India Uidai

Driving licence to cost 900% more

The Motor Vehicles Amendment Bill 2016 has raised fines significantly to make roads safer. The Bill passed by the Lok Sabha last week makes Aadhaar mandatory for driving licences and vehicle registration. It proposes alterations in vehicles, in order to make them suitable for specially abled people. It provides for a Motor Vehicle Accident Fund, which would provide compulsory insurance cover to all road users in India for certain types of accidents.

Aadhaar Mandatory For Filing Tax Returns, PAN Card From July 1

Aadhaar will also be compulsory for making an application for allotment of Permanent Account Number (PAN), with effect from July 1. Quoting of Aadhaar has been made mandatory for filing income tax returns with effect from July 1, as introduced by the Finance Act, 2017, an official statement said on Wednesday. Aadhaar will also be compulsory for making an application for allotment of Permanent Account Number (PAN), with effect from July 1.

Aadhaar mandatory to avoid fake PAN cards: Government tells Supreme Court

The government today defended in the Supreme Court its decisionto make Aadhaar mandatory for issuing of PAN cards, saying it was done to curb the use of fake PAN cards across the country. Attorney General (AG) Mukul Rohatgi told a bench comprising Justices A K Sikri and Ashok Bhushan that the programme of PAN had become suspect as it could be faked while Aadhaar is a “secure and robust” system by which the identity of an individual cannot be faked.

keep your computer safe from WannaCry 10 Do’s and Don’ts

Here is a list of Do’s and Don’ts which you should follow to keep your computer safe: You need to immediately install the May Windows Update bundles. Shutting down your system for a few minutes will be worth it, if it enables you to avoid this. If you’re still using Windows XP, you’re out of luck, but the March and April update bundles are available for Windows Vista. Also, Microsoft has released a patch for Windows XP and its server counterpart Windows 2003.

Link Aadhaar number with bank accounts

Account holders with banks have been asked to link their accounts with their Aadhaar number and also provide mobile phone number. Lead Bank Manager A. Sakthivel held a discussion with the representatives of all banks here on Monday to encourage their customers to provide the Aadhaar number and mobile phone numbers. A communication from the Union Finance Ministry said that only 44 per cent of the bank customers had provided their Aadhaar numbers.

EPFO Reduces Wait For Pension, Provident Fund Withdrawal To 10 days

The retirement fund manager had launched an online claim settlement facility on May 1, 2017. Retirement fund manager EPFO has reduced the stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days from 20 at present. In July 2015, the Employees’ Provident Fund Organisation (EPFO) had reduced the timeline for settling various claims to 20 day to improve the service delivery for its over four crore subscribers.

GST impact: here’s how much it may cost you

Among the 120 services that are currently being taxed, a vast majority is likely to come under the goods and services tax (GST) slab of 18%, while a clutch of them including air travel services, renting of hotels, restaurants and other “bundled” food supply services could get taxed at 12%. A handful of services including transport of goods by road (trucks) and rail and financial leasing including hire purchase could fall under the lowest GST rate of 5%.

How to choose the right credit card: 6 power points to note

Opt for a credit card whose benefits in the form of cashbacks, discounts, reward points and lifestyle programmes outweigh the various mandatory fees associated with it. Credit cards today have become an integral part of our lives. They save us from the hassles of carrying cash, allow us to optimise our finances better through interest-free periods and EMI options, enable us to maintain a good credit score and avail attractive cashbacks, discounts and reward points offered by banks.

Indian-Origin Techie Links Ransomware Attack To North Korea

About 200,000 machines have been infected worldwide by the ransomware “WannaCry” An Indian-origin security researcher with Google has found evidence suggesting that North Korean hackers may have carried out the “unprecedented” ransomware cyberattack that hit over 150 countries, including India. Neel Mehta has published a code which a Russian security firm has termed as the “most significant clue to date”, BBC reported today. The code, published on Twitter, is exclusive to North Korean hackers, researchers said.

Not happy with bank fixed deposits? Check out 4 alternatives

Compared to bank deposits or small savings, non-convertible debentures, liquid funds, tax-free bonds and company fixed deposits offer higher returns, albeit with some risks. At a time when interest rates on bank deposit and small savings are falling, investors can look at other debt financial instruments to earn some higher returns. Non-convertible debentures Companies issue non-convertible debentures (NCDs) to raise long-term funds. These debentures cannot be converted into shares or equities and lenders offer a higher rate of return compared to convertible debentures.