Aadhaar travails dog direct cash transfer scheme

January 2, 2013

aadhar

Bangalore, Jan 2: Union Government"s ambitious direct cash transfer scheme (DCTS)?was launched in Mysore, Tumkur and Dharwad on Tuesday.

The State government has listed around 15 different welfare schemes to be brought under the scheme.

Pension, subsidy and scholarship amounts will be directly credited to the bank accounts of the beneficiaries under the DCTS. The plan was to bring around 30 different government schemes under the system, including 15 of the State government.

The pilot project was launched in 20 districts across the country on Tuesday.

DCTS was launched for the beneficiaries of Janani Suraksha Yojane (a programme to ensure safe delivery and health of newborn children), merit-cum-means scholarships for students belonging to minority communities, pre-matric and post-matric scholarships for SC and ST students in Mysore, Tumkur and Dharwad districts.

“We have brought four schemes under the system. Steps are being taken to bring all 15 schemes of the State government under the DCTS in coming days,” Principal Secretary to Department of IT and BT I NS Prasad said.

At a high-level meeting chaired by Chief Secretary S V Ranganath on implementing DCTS, heads of the government departments are learnt to have complained about the non-availability of Aadhaar numbers and Aadhaar bank accounts of the beneficiaries to launch the schemes.

A large number of people, who have been enrolled under Aadhaar, have not received their Aadhaar number yet.

In many instances, Aadhaar number holders have failed to open their Aadhaar bank accounts.

It has also come to light that many government departments do not have a proper digital database of the beneficiaries, which is essential to implement the new system.

Jan 15 deadline

The Chief Secretary is learnt to have set January 15 as the deadline for departmental heads to bring all schemes under DCTS. He has directed all the departments concerned to immediately set up a team of officials to prepare a digital database.

However, trailing Aadhaar scheme may cast a shadow on the ambitious direct cash transfer scheme. Several benificiaries do not have Aadhaar cards or banks accounts in the three districts where DCTS was launched.

According to Ajay Nagabushan, Chief Executive Officer and in-charge Deputy Commissioner, Mysore, of the 33,685 beneficiaries identified for cash transfer, 28,214 have Aadhaar cards while 29,164 have bank accounts.

On the launch of the scheme, a total of Rs 7,000 was transferred to beneficiaries of Janani Surakasha Yojane while 300 students got their scholarships credited to their bank accounts.

In Dharwad, a sum of Rs 53.16 lakh was transferred to bank accounts of 4,278 beneficiaries on the first day. Of the 40,320 beneficiaries to be covered under the DCTS in the district, only 15,478 beneficiaries have Aadhaar numbers.

“All eligible beneficiaries would be enrolled for Aadhaar within 10 days. Aadhaar coverage is 95 per cent in Tumkur and Mysore districts. Dharwad was added later, and therefore, the coverage is not so high,”?Deputy Commissioner Sameer Shukla said.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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Agencies
March 16,2020

While Google is still working on a coronavirus screening and tracking website, Microsoft Bing team has already launched a web portal for tracking COVID-19 infections worldwide.

The website, accessible at bing.com/covid, provides up-to-date infection statistics for each country.

The COVID-19 Tracker currently lists 168,835 as total confirmed cases, 84,558 active cases, 77,761 recovered cases and 6,516 deaths.

There are at least 3,244 confirmed cases of novel coronavirus in the US and at least 61 deaths.

"Lots of Bing folks worked (from home) this past week to create a mapping and authoritative news resource for COVID19 info," Michael Schechter, General Manager for Bing Growth and Distribution at Microsoft, was quoted as saying in a ZDNet report on Sunday.

An interactive map allows site visitors to click on the country to see the specific number of cases and related articles from a variety of publishers.

Data is being aggregated from sources like the World Health Organization (WHO), the US Centers for Disease Control and Prevention (CDC), and the European Centre for Disease Prevention and Control (ECDC).

Microsoft announced the website two days after US President Donald Trump said Google has begun working on COVID-19-related portal for US citizens.

Google's website is being built by Verily, a subsidiary of Alphabet focused on healthcare services.

"More than 1,700 engineers are currently working on the site", Trump said during a press briefing last week.

The tool will triage people who are concerned about their COVID-19 risk into testing sites based on guidance from public health officials and test availability.

Initially, there was some confusion on Google's coronavirus portal but the company later announced that it is "partnering with the US Government in developing a nationwide website that includes information about COVID-19 symptoms, risk, and testing information."

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Agencies
June 12,2020

Mumbai, Jun 12: Following an overwhelming response for the mega rights issue of Mukesh Ambani-owned Reliance Industries, the partly paid-up rights shares are set to debut on stock exchanges on June 15.

The biggest ever Rs 53,124 crore rights issue was subscribed 1.59 times and received bids worth Rs 84,000 crore on June 3.

Reliance said the rights issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign.

In 2019, Ambani said in the Reliance's annual general meeting that the company will be net zero debt by March 2021. The company is on course to achieve its target ahead of the deadline.

"In spite of the COVID-19 crisis and the lockdowns, the due-diligence by Saudi Aramco for the planned investment in the O2C business is on track as both the parties are committed and actively engaged," he said recently.

"With a strong visibility to these equity infusions, Reliance is set to achieve net zero debt status ahead of its own aggressive timeline. We believe rights issue was a part of the company's strategy of deleveraging its balance sheet," said Ambani. 

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