Govt to bring ‘One Digital ID’ that links PAN, Aadhaar, Passport, PAN, Aadhaar

 


The suggested framework, according to the paper, intends to create a new digital architecture that is “interconnected and interoperable.”

New Delhi: The central government appears to be working on a replacement for the Aadhaar Card. According to The Indian Express’ assessment of the Ministry of Electronics and Information Technology’s (MeitY) proposed plan, the government is working on a new model of “Federated Digital Identities” that will link multiple digital IDs such as driving licences, passport numbers, PAN numbers, and so on into one.

This new digital ID will appear to be in the form of a one-of-a-kind number, similar to the Aadhaar card number. The proposed proposal claims that a citizen will be “empowered” by the umbrella digital identity since it “puts her in control of various identities and gives her the option of choosing which one to employ for what reason,” according to the report.

The Federal Digital Identity appears to be a one-stop shop for storing Central and State-related ID information. This digital ID could be used for KYC or eKYC (know your customer) procedures, as envisaged. The planned strategy has been relocated under the India Enterprise Architecture (IndEA) 2.0, which was first announced in 2017 with the goal of bringing government and business organisations together to make online identification processes easier.

To carry the proposal forward, the government has proposed a redesigned framework in which the most comprehensive work will be done by the Centre ‘or by ministries that deal with concurrent or state matters,’ according to the government. The’state architecture pattern’ will be handled by state governments, while the ‘InDEA Lite architectural pattern’ will be handled by both state and federal governments.

The suggested framework, according to the paper, intends to create a new digital architecture that is “interconnected and interoperable.” With just one unique ID, the ‘Federal Digital Identity’ hopes to simplify the eKYC process.

However, detractors may raise concerns about digital security, and an umbrella identity might increase the danger of important data being exposed. However, the proposed concept is still in its early phases, and the inner workings are unknown. The proposal is expected to be released to the public soon, and the Ministry may request feedback by February 27.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more