Parliament passes bill to allow using Aadhaar for opening bank accounts, get phone connections
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Parliament on Monday passed an amendment bill which allows voluntary use of Aadhaar as proof of identity for users to open bank accounts and get a mobile phone connection.
The Aadhaar and Other Laws (Amendment) Bill, 2019, was passed by Rajya Sabha by a voice vote.
The Bill, which also provides for a stiff Rs 1 crore penalty and a jail term for private entities violating provisions on Aadhaar data, was already passed by Lok Sabha on July 4.
The Aadhaar and Other Laws (Amendment) Bill, 2019, was introduced in Lok Sabha on June 24.
The amendments provide for use of Aadhaar number for Know your customer (KYC) authentication on a voluntary basis under the Telegraph Act, 1885, and the Prevention of Money Laundering Act 2002. #casansaar (Source - PTI, IndiaToay)
The Aadhaar and Other Laws (Amendment) Bill, 2019, was passed by Rajya Sabha by a voice vote.
The Bill, which also provides for a stiff Rs 1 crore penalty and a jail term for private entities violating provisions on Aadhaar data, was already passed by Lok Sabha on July 4.
The Aadhaar and Other Laws (Amendment) Bill, 2019, was introduced in Lok Sabha on June 24.
The amendments provide for use of Aadhaar number for Know your customer (KYC) authentication on a voluntary basis under the Telegraph Act, 1885, and the Prevention of Money Laundering Act 2002. #casansaar (Source - PTI, IndiaToay)
Category : Income Tax | Comments : 0 | Hits : 507
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