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New Delhi, Feb 3 () As the date for linking PAN with Aadhaar has been extended by a year, the government has linked over 30 crore such numbers with the unique identification code, Minister of State for Finance Anurag Singh Thakur said in Parliament on Monday.
 The total permanent account numbers (PANs) which are linked with Aadhaar number as on January 27, 2020, is 30,75,02,824, Thakur informed the Lok Sabha.
 When asked if the government has extended the deadline period for Aadhaar-PAN linking, the minister responded in an affirmative "Yes sir".
 He said the due date for linking of PAN with Aadhaar has been further extended from December 31, 2019, to March 31, 2020.
 "As on January 27, 2020, a total of 17,58,03,617 PANs are not linked with Aadhaar. The extension of due date for linking of PAN with Aadhaar will benefit these PAN card holders as they get extra time to link their PANs with Aadhaar," Thakur said in Parliament.
 Also, to ensure that the sensitive data is not leaked by handling organisations, guidelines laid down by Unique Identification Authority of India (UIDAI) in this regard are being followed, he said.
 Appropriate measures have also been taken under provisions of Income-Tax Act, Information Technology Act and other applicable laws that the confidentially of data is maintained.
 On being asked if the government also proposes to link all property-related transactions with Aadhaar to curb benami property and bring transparency, he said the due date for linking of PAN with Aadhaar is March 31, 2020.
 "This measure will help to curb benami property and bring in transparency," Thakur said.
 He said, under the Income Tax (I-T) Act, a person is required to quote PAN in respect of any sale or purchase of immovable property for an amount exceeding Rs 10 lakh or valued by stamp valuation authority.
 In a separate query on PAN and bank account linking, the Finance Ministry informed the house that approximately 85 per cent of the current and savings accounts (CASA) are Aadhaar seeded as on January 24, 2020.
 Besides, as per data provided by the National Payments Corporation of India (NCPI), 59.15 crore RuPay cards have been issued by banks as on December 31, 2019. KPM ANS
ANS

Over 30 cr PANs linked with Aadhaar so far: Thakur

New Delhi, Feb 11 () The Income Tax department has issued notices under foreign black money law in 422 cases involving undisclosed assets and income of over Rs 12,600 crore till December 2019, Parliament was informed on Tuesday. Minister of State for Finance Anurag Singh Thakur said the Income Tax Department has taken continuous and concerted actions under the Black Money (Undisclosed Foreign Income &amp; Assets) and Imposition of Tax Act since it came into force on July 1, 2015. "As a result, as on December 31, 2019, notices have been issued in 422 cases under this Act, involving undisclosed foreign assets and income of over Rs 12,600 crore," he said in a written reply to the Rajya Sabha. With regard to deposits made in unreported foreign bank accounts in HSBC cases, so far undisclosed income of more than Rs 8,460 crore has been brought to tax and penalty of more than Rs 1,290 crore levied. About 204 prosecution complaints have been filed. "Sustained investigations conducted in the cases revealed by International Consortium of Investigative Journalists (ICIJ) have led to detection of more than Rs 11,010 crore of credits in the undisclosed foreign accounts so far. About 99 prosecution complaints have been filed," Thakur said.In the Panama Paper Leaks investigations, undisclosed foreign investments amounting to over Rs 1,550 crore have been detected. About 38 prosecution complaints have been filed, he added. JD ANUANU

Govt issues notices in 422 cases involving Rs 12,000 cr under foreign black money law

<ul class="generic-article__summary--ul content--ul"><li class="generic-article__summary--li content--li">The BJP’s Narendra Modi swept to power on a wave of optimism and a catchy slogan.</li><li class="generic-article__summary--li content--li">Five years on, an economic slowdown, agrarian distress and rising intolerance have soured the mood</li></ul> India has been holding its general elections in stages since April 11. The seventh and final phase will take place on Sunday. The primary contest is for the 543 seats in India’s lower house of parliament, the Lok Sabha. This is one of the largest democratic exercises in the world, with 900 million voters deciding on a new central government for the 1.3 billion-strong South Asian giant. The results are expected on Thursday. Indian Prime Minister Narendra Modi shows his ink-marked finger after casting his vote. Photo: AFP WHAT IS AT STAKE? Prime Minister <a href="https://www.scmp.com/topics/narendra-modi" class="link-text">Narendra Modi</a> of the Hindu nationalist Bharatiya Janata Party (BJP) is running for a second term.A former chief minister of Gujarat, he came to power in 2014 with the simple but powerful slogan “ache din aayega” (good days will come). This resonated with voters – especially in the impoverished northern regions – who were angry at the previous administration of the Congress party that had been dogged by scandal. <h3 style="margin-bottom: 2.35714rem; font-variant: inherit; font-weight: 300; font-stretch: inherit; font-size: 1.71429rem; line-height: 2.42857rem; font-family: Roboto, sans-serif; vertical-align: baseline; display: inherit;"><a href="https://www.scmp.com/week-asia/politics/article/3010707/india-elections-bjp-may-need-allies-narendra-modi-drove-away" class="link-text">BJP may need the allies Modi drove away </a></h3>As a result, Modi swept to power: the BJP-led National Democratic Alliance coalition won 336 of the Lok Sabha’s 543 seats. The BJP itself won 282 seats – the first time since 1989 that one of India’s political parties had won an outright majority. The other main national political party is Congress, led by Rahul Gandhi, grandson of former prime minister Indira Gandhi. This grand old party of India has been progressively weakening across the country and now stands as only one of the many opposition parties, jockeying for power against resurgent regional players. In 2014, Congress did not even win enough seats to be chosen as the official opposition and was almost eclipsed by the AIADMK, a regional party from Tamil Nadu. SO MODI’S A SHOO-IN? Not exactly. Modi’s re-election prospects have arguably been dimmed by the triple threat of an economic slowdown, agrarian distress and concerns about rising intolerance and violence against minorities. His promise in 2014 to create 10 million new jobs a year for India’s burgeoning youth population has not been fulfilled. Moreover, a recent study by the Centre for Monitoring Indian Economy argued that 11 million jobs were lost last year alone. Indian farmers protest in New Delhi in November – their plight has become a major electoral issue. Photo: AP A leaked government survey allegedly showed the unemployment rate to be higher than at any time in the past 45 years. These economic doldrums have largely been blamed on the new Goods and Services Tax imposed by the government and 2016’s botched demonetisation exercise, which took 86.5 per cent of India’s currency out of circulation. The plight of India’s farmers has also become a major electoral issue. Stagnant grain prices, erratic weather and unresolved systemic problems have led to an alarming number of farmer suicides in a country where more than 50 per cent of the population is employed in agriculture. In 2017, the central government told the Supreme Court that 12,000 farmers had committed suicide every year since 2013. The BJP’s use of Hindu nationalist rhetoric, meanwhile, has always been controversial. Its leaders, like the monk-turned-Uttar Pradesh chief minister Yogi Adityanath, have been accused of using anti-Muslim rhetoric. BATTLEGROUND STATES The outcome of India’s elections often depends on political calculations and issues at the state level. India’s 29 states are highly diverse, both linguistically and ethnically. Five of these states – Uttar Pradesh, Bihar, Maharashtra, West Bengal and Tamil Nadu – each send more than 40 MPs to the Lok Sabha, meaning that winning them is essential for either side. The biggest prize among them is Uttar Pradesh, which is one of India’s largest states and has 80 MPs. In 2014, the BJP was largely able to win nationally because it made huge gains in the massive northern state, taking 71 of the seats that were up for grabs. <h3 style="margin-bottom: 2.35714rem; font-variant: inherit; font-weight: 300; font-stretch: inherit; font-size: 1.71429rem; line-height: 2.42857rem; font-family: Roboto, sans-serif; vertical-align: baseline; display: inherit;"><a href="https://www.scmp.com/week-asia/politics/article/3010546/communism-india-dead-or-just-waiting-young-saviours" class="link-text">Communism in India: dead or just waiting for young saviours? </a></h3>This time, however, two major local players – the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) – are challenging the BJP. Both the SP and BSP – which have formed an alliance – are strong with the crucial Yadav and Dalit (formerly known as untouchable) castes in the state. While both the SP and BSP won more than 40 per cent of the popular vote in Uttar Pradesh in the last elections, the SP won only five seats because of India’s first-past-the-post electoral system and its lack of an alliance. This time, some pundits expect the SP-BSP alliance to win at least half of the 80 seats on offer, if not more. The BJP’s prospects are also being put to the test in the country’s economically dynamic south, where powerful regional parties are challenging its grip on power. In the states of Andhra Pradesh and Telangana, the regional YSR Congress Party and the Telangana Rashtriya Samithi are expected to sweep the polls. Both have openly said that they prefer a third option for government that does not involve either the BJP or Congress. In India’s southernmost state and its automotive hub, Tamil Nadu, the socialist, Tamil-nationalist Dravida Munnetra Kazhagam seems to be on the cusp of major gains because of anger at both the BJP central government and its local allies, the AIADMK. The BJP is also at risk of shedding seats in the central and western states of Madhya Pradesh, Chhattisgarh and Rajasthan, where Congress made gains during recent state elections. However, Modi’s party is expected to make nominal gains in eastern India, in states such as Orissa, West Bengal and the seven states that make up the country’s northeast. A major concern in those areas has been allegations of illegal migration from Bangladesh, and the BJP is running a racially charged campaign – playing up local fears of Muslim refugees – to capitalise on this. WHAT WILL ALL THIS MEAN? Assuming the BJP loses ground to regional parties, and the Congress retains its meagre base, India might find itself with a virtually hung parliament. For instance, the BJP and its National Democratic Alliance coalition might be the largest bloc in the Lok Sabha, but still fall short of a majority. <h3 style="margin-bottom: 2.35714rem; font-variant: inherit; font-weight: 300; font-stretch: inherit; font-size: 1.71429rem; line-height: 2.42857rem; font-family: Roboto, sans-serif; vertical-align: baseline; display: inherit;"><a href="https://www.scmp.com/week-asia/opinion/article/3009682/exploiting-islamophobia-election-winning-tool-india" class="link-text">Exploiting Islamophobia: an election-winning tool in India </a></h3>Regional parties have also been displaying unprecedented acts of solidarity, such as joint rallies featuring all the leaders of large local opposition parties, encouraging the possibility of a non-Congress, non-BJP “third-front” government. So, while the results are far from certain, 2019 might well herald a return to form and the politics India knows best: the proliferation of regional power brokers and complex coalition governments.

The Indian election, explained: how Narendra Modi’s ‘good days’ turned bad

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Over 30 cr PANs linked with Aadhaar so far: Thakur

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Govt issues notices in 422 cases involving Rs 12,000 cr under foreign black money law

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The Indian election, explained: how Narendra Modi’s ‘good days’ turned bad

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