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MOF: Seeding of Bank Account and Linking with Aadhaar

 

Press Information Bureau 
Government of India
Ministry of Finance

16 JUL 2019

Seeding of Bank Account and Linking with Aadhaar

Ministry of Electronics and Information Technology (MeitY) has apprised that “The Aadhaar and Other Laws (Amendment) Bill, 2019” has been passed by the Parliament.  The bill, inter-alia, has the  provision for allowing the use of Aadhaar authentication on voluntary basis as acceptable Know Your Customer (KYC) document, by inserting Section 11A under the Prevention of Money Laundering Act, 2002.           

            Further, as per Reserve Bank of India (RBI’s) Master Direction on KYC dated 25.2.2016 (as amended in May 2019), banks are to obtain the Aadhaar number from an individual who is desirous of receiving any benefit or subsidy under any scheme notified under section 7 of the Aadhaar (Targeted Delivery of Financial and Other subsidies, Benefits and Services) Act, 2016 (18 of 2016).

            As far as the requirement of Aadhaar number for receipt of certain subsidies, benefits and services etc. are concerned, Section 7 of The Aadhaar (Targeted Delivery of Financial and Other subsidies, Benefits and Services) Act, 2016 (18 of 2016), inter-alia, provides that:

                        “The Central Government or, as the case may be, the State Government may, for the purpose of establishing identity of an individual as a condition for receipt of a subsidy, benefit or service for which the expenditure is incurred from, or the receipt therefrom forms part of, the Consolidated Fund of India, require that such individual undergo authentication, or furnish proof of possession of Aadhaar number or in the case of an individual to whom no Aadhaar number has been assigned, such individual makes an application for enrolment:

            Provided that if an Aadhaar number is not assigned to an individual, the individual shall be offered alternate and viable means of identification for delivery of the subsidy, benefit or service.”

            The linking of the bank accounts with Aadhaar for receiving subsidy/direct benefit transfers from the Government, including the State Governments is done as per the extant provisions of the Aadhaar (Targeted Delivery of Financial and Other subsidies, Benefits and Services) Act, 2016 (18 of 2016).

This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs in a written reply to a question in Lok Sabha today.

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DSM/RM/PD

 

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CBDT slams incorrect social media reports claiming difficulty in filing income-tax returns

 

Press Information Bureau

Government of India

Ministry of Finance

16-July-2019

CBDT issues clarification on incorrect reports in social media pertaining to difficulty in filing of Income Tax Returns

Central Board of Direct Taxes (CBDT) has said today that no changes have been made in any of the Income-tax Return (ITR) forms including ITR-2 and ITR-3 since the notification made on 1st April 2019, i.e. on the 1st day of the Assessment Year 2019-20. There were reports in social media that the taxpayers were facing difficulties in filing return of income in ITR-2 & ITR-3 due to large scale changes in the ITR form on 11th July, 2019.

It is stated that the software utility for e-filing of all the ITR forms has been released long back. The utility for e-filing ITR-2 and ITR-3 was released on 2nd May and on 10th  May 2019 respectively. However, the software utility update is a dynamic process and is continuously taken up as per the feedback received from the users/filers to ease their experience in electronic filing of returns.

It is  further clarified that the updating of utility does not hamper filing of return as the taxpayers are allowed to file using the utility which is available at that point of time. For example, more than 85 lakh taxpayers have filed returns in ITR-1 till date by using the said utility, which has also undergone update later. Therefore, the impression that the taxpayers are not able to file return due to changes in ITR form is also not correct as more than 1.38 crore taxpayers have already filed their returns by using the utility released till date. Even though the utility is being updated regularly to provide ease to taxpayers, the returns filed by using the previous version of utility will continue to be valid.

It is pertinent to state that the updation in utility of ITR forms is based on feedback and mainly aimed at easing the compliance burden of the taxpayers by facilitating easier e-filing. For instance, this year, the facility of pre-filling of return forms has been provided based on the information furnished in the TDS statements. This facility has been updated in the utility subsequently. This would substantially reduce the efforts of taxpayers in filling of return forms.

It is reiterated that there are no changes in the notified ITR forms; only the utility has been updated to facilitate the taxpayers. Therefore, the assertion that numerous changes have been made in ITR-2 and ITR-3 on July 11, 2019, does not give a correct picture.

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DSM/RM/KMN

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Startup India Programme for MSME Sector

 

Press Information Bureau 
Government of India
Ministry of Micro,Small & Medium Enterprises

11 JUL 2019

Startup India Programme for MSME Sector

Government has launched the Startup India Initiative with the objective of building strong eco-system for nurturing innovation and startups in the country. The incentives available to Startups under Startup India initiative are given below:

  1. Self-Certification under 6 Labour Laws & 3 Environmental Laws.
  2. Relaxation in Public Procurement Norms.
  3. Faster exit under the Bankruptcy Code.
  4. Rebates on Patent & Trademark filing fees, support from facilitators and to expedite examination of Patent application.
  5. Income Tax exemption.
  6. Exemption from Income Tax on investments received above fair market value.
  7. Funding support under the Fund of Funds for Startups.
  8. Guidance and facilitation support from Startup India Hub.

Government has notified Public Procurement Policy for Micro and Small Enterprises (MSEs) Order, 2012 under MSMED Act, 2006. The policy mandates 25% annual procurement from MSEs by Central Ministries / Departments / Public Sector Enterprises (CPSEs). Out of 25% target of annual procurement from MSEs, 4% is earmarked for procurement from MSEs owned by SC/ST entrepreneurs and 3% from MSEs owned by Women Entrepreneurs. In order to monitor effective implementation of this Policy, Ministry of MSME has launched a Portal, namely, MSME “SAMBANDH”

This information was given by Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises in written reply to a question in Lok Sabha today.

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NP/SKP/IA

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Ministry of Commerce & Industry : 62 Special Economic Zones (SEZs) in Karnataka have been accorded

 

Ministry of Commerce & Industry

SEZs in Karnataka

Dated: 10 JUL 2019

Total 62 proposals for setting up of Special Economic Zones (SEZs)in Karnataka have been accorded formal approval under the SEZ Act, 2005.  Presently, 51 SEZs are notified, out of which 31 SEZs are operational. 

No such proposal has been received to declare areas surrounding in Chikkodi in Karnataka as a Special Economic Zone.  Setting up of SEZs is primarily private investment driven initiative.

The details of SEZs in Karnataka are given below:

List of SEZs in Karnataka

Sl. No.

Name of the developer

Location

Type of SEZ

SEZ status

 

DivyasreeTechnopark

Kundalahalli Village, KrishnarajapuramHobli, Bangalore East Taluk, District Bangalore, Karnataka

IT/ITES enabled services

Notified/

Operational

 

Manyata Embassy Business Park

Rachenhalli&Nagavara Village, Bangalore District, Karnataka

IT/ITES

Notified/

Operational

 

WIPRO Limited

Doddakannelli Village, VarthurHobli, Sarjapur Road, Bangalore, Karnataka

IT

Notified/

Operational

 

WIPRO Limited

Doddathogur Village, BegurHobli, Electronic City, Bangalore, Karnataka

IT

Notified/

Operational

 

Vikas Telecom Private Limited

Outer Ring Road, Devarabeesanhalli Village, VarthurHoblic, Bangalore East Taluk, Karnataka

IT/ITES

Notified/

Operational

 

RMZ Ecoworld Infrastructure Pvt. Ltd.

Devarabeesanahalli, Bhoganahalli and Doddakanahalli, Bangalore, Karnataka

IT/ITES

Notified/

Operational

 

Cessna Business Park Pvt. Ltd.

KadubeesanahalliVill, VarthurHobli, District Bangalore, Karnataka

IT/ITES

Notified/

Operational

 

Tanglin Development Ltd.

Global Village Pattengere/ Mylasandra Villages, Off Mysore Road, RVCE Post, Bangalore, Karnataka

IT/ITES

Notified/

Operational

 

Infosys Technologies Limited

Hebbal Industrial area, District Mysore, Karnataka

IT/ITES

Notified/

Operational

 

Information Technology Park Limited

Sadaramangala and PattandurAgrahara Village, Whitefield Road, District Bangalore, Karnataka

IT/ITES

Notified/

Operational

 

Karnataka Industrial Area Development Board (KIADB)

Village Perumenahally, Kokkanagatta, SumudraVally, Hamumanthapura, Taluk Hassan, Karnataka

Textile

Notified/

Operational

 

Infosys Technologies Limited

Hebbal Industrial area, District Mysore, Karnataka

IT/ITES

Notified/

Operational

 

HCL Technologies Ltd.

Jigani Industrial Area, Attibele Taluka, Bangalore, Karnataka

IT/ ITES

Notified/

Operational

 

Pritech Park

Bellandur Village, VarthurHobli, Bangalore East Taluk,  Bangalore Urban District, Karnataka

IT/ITES

Notified/

Operational

 

Karnataka Industrial Area Development Board (KIADB)

District Hassan, Karnataka

Pharmaceuticals

Notified/

Operational

 

Aspen Infra Padubidri Private Limited (AIPPL)

Nadasalu, Nandikooru, Polimaru and Hejamadi Villages in Udupi Taluk, Karnataka

Engineering

Notified/

Operational

 

Karle Infra Pvt. Ltd.

Nagavara Village, North Bangalore Taluka, Karnataka

IT/ITES

Notified/

Operational

 

Mangalore SEZ Limited

Baikampady Near Mangalore, Dakshina Kannada District, Karnataka

Multi Product

Notified/

Operational

 

Bagmane Construction Pvt. Ltd

Mahadevapura, K R Puram, Bangalore North, Karnataka

IT/ITES

Notified/

Operational

 

Quest SEZ Development Private Limited

Hattargi and Mastiholi villages, Hukkeri Taluk, Belgaum District, Karnataka

Precision Engineering Product

Notified/

Operational

 

Gopalan Enterprises (India) Private Limited.

Village Mahadevpura and Kaggadaspura, K.R. Puram, Whitefield, Bangalore, Karnataka.

IT/ITES

Notified/

Operational

 

Milestone Buildcon Private Limited

Village Chokkanahalli, Taluka YelahankaHobli Bangalore North, Karnataka

IT/ITES

Notified/

Operational

 

Karnataka State Electronics Development Corporation Limited (KEONICS)

Village Machenahalli and Nidige, District Shimoga, Karnataka

Electronics Hardware and Software/ ITES

Notified/

Operational

 

Larsen & Toubro Limited

KIADB Industrial Area, Taluka Hebbel-Hootagally, District Mysore, Karnataka

IT/ITES

Notified/

Operational

 

Wipro Limited

Kodathi village, VarthurHobli, Sarjapur Road, Bangalore, Karnataka

IT/ITES

Notified/

Operational

 

Karnataka Industrial Areas Development Board (KIADB)

Village Bhatramaranahalli. Kavadadasanahalli, Dummanahalli, Talukas Bangalore North and Devanahali, District Bangalore, Karnataka

Aerospace and Industry

Notified/

Operational

 

Infosys Limited

Gokul Village, within the limits of Hobli, Hubli Taluk, District Dharward, Near Airport Hubli, Karnataka

IT/ITES

Notified/

Operational

 

Amin Properties LLP

Pujanahalli Village, Devanahalli Taluk, Bangalore, Karnataka

IT/ITES

Notified/

Operational

 

Bagmane Developers Pvt. Ltd.

Outer Ring Road, Doddanekundi Circle, Marathalli Post, Bengaluru, Karnataka

IT/ITES

Notified/

Operational

 

RGA Infrastructure

Sy. No. 31/1, Chikkankannelli Village, VarthurHobli, Bangalore East Taluk, Bangalore, Karnataka

IT/ITES

Notified/

Operational

 

Biocon Limited.

Anekal Taluk, Bangalore, Karnataka

Bio-technology

Notified/

Operational

 

Karnataka Industrial Areas Development Board (KIADB)

Villages Pajeer and Kairangala, District Mangalore Dakshina Kannada, Karnataka.

IT/ITES

Notified

 

Ittina Properties Pvt. Ltd.

Bagur village, AnugondanahalliHobli, Hoskote Taluk, Bangalore Rural District, Karnataka

Electronic Hardware and Software including IT/ITES

Notified

 

Gopalan Enterprises (India) Private Limited.

Hoodi Village, K.R. Puram, Whitefield, Bangalore, Karnataka.

IT/IT enabled services

Notified

 

Opto Infrastructure Limited

Village kallahalli, Taluka Nanjungud, District Mysore, Karnataka

Electronic Hardware and Software including IT/ITES

Notified

 

Brigade Enterprises Pvt. Ltd.

Ganjimutt, EPIP Industrial Area, Taluka Mangalore, Dakshin Kannada District, Karnataka

IT/ITES

Notified

 

Opto Infrastructure Limited

Village DoddaBasavanahalli and Chikkabasavanahalli, Talukas ShanthigramaHobli and Hassan, District Hassan, Karnataka

Electronic Hardware and Software including IT/ITES

Notified

 

Renaissance Designbuild Private Limited

Plot No. 47 of Koorgally Industrial Area, Village Koorgally, HobliIlawala, Taluka Mysore, Distt. Mysore, Karnataka

IT/ITES

Notified

 

Gulf Oil Corporation Limited

Village  Kattigenahalli and Venkatala, HobliYelahanka, District Bangalore, Karnataka

IT/ITES

Notified

 

Brooke Bond Real Estates Private Limited

Bangalore, Karnataka

IT/ITES/BPO/EH

Notified

 

Gopalan E-Park

Village Koorgalli, Itwala, Hobli, Mysore Taluk, Mysore District, Karnataka

Electronic
Hardware and Software including ITES

Notified

 

Infosys Technologies Limited

Villages Borgunte, surjapur and billapur, Taluka Anekal, District Bangalore, Karnataka

IT/ITES

Notified

 

Karnataka Industrial Areas Development Board (KIADB)

Gamanagatti, Hubli Taluk, Dharwad District, Karnataka

IT/ITES

Notified

 

Saltire Developers Private Limited

Outer Ring Road, Rachanahalli Village, Nagavara, Bangalore, Karnataka

IT/ITES

Notified

 

Infosys Limited

Electronic City, Doddathogur Village, BegurHobli, Bangalore, Karnataka

IT/ITES

Notified

 

Information Technology Park Limited

Sadarmangala Village, Sadaramangala Industrial Area,Whitefield, Bengaluru, Karnataka

IT/ITES

Notified

 

Embassy Property Developments Private Limited

Outer Ring Road, Rachenahalli Village, Bangalore, Karnataka

IT/ITES

Notified

 

Modern Asset

Survey No. 2/1 & 2/2, Venkatala Village, YelahankaHobli, , Bangalore, Karnataka

IT/ITES

Notified

 

Modern Asset (Phase – II)

Survey No. 2/2, Venkatala Village, YelahankaHobli, , Bangalore, Karnataka

IT/ITES

Notified

 

L&T Construction Equipment Limited (Reality Division) SEZ-I

Byatarayanapura Village, YelahankaHobli, Bangalaru North, Bangalaru, Karnataka

IT/ITES

Notified

 

L&T Construction Equipment Limited (Reality Division) SEZ-II

Byatarayanapura Village, YelahankaHobli, Bangalaru North, Bangalaru, Karnataka

IT/ITES

Notified

 

Golden Gate Developers Pvt. Ltd

JalaHobli, Bangalore, Karnataka

IT/ ITES

Formal Approval

 

Concord Investments (Bangalore)

Bangalore, Karnataka

IT/ITES

Formal Approval

 

Bagmane Developers Pvt. Ltd.

Raman Nagar, KR Puram, Bangalore North, Karnataka

IT/ITES

Formal Approval

 

High Street Developers Private Limited

Srirangapatna Taluk, Mandya District, Karnataka

IT/ITES

Formal Approval

 

Gopalan Enterprises India Pvt. Ltd.

Kundalahalli and Nallurahalli villages K.R. Puram Hobli, Bangalore, Karnataka

Biotech

Formal Approval

 

Poornimadevi Tech Park Private Limited

Sulikere village, KengariHobli, Bangalore South Taluk, Bangalore, Karnataka

IT/ITES

Formal Approval

 

Wipro Limited

Belagola Industrial Area, Mogarhalli village, BelagolaHobli, Srirangapatna Taluk,
Mandya District, Mysore, Karnataka

IT/ITES

Formal Approval

 

ISPRL FTWZ Padur (Indian Strategic Petroleum Reserves Ltd.)

Padur, Karnataka

FTWZ

Formal Approval

 

Manipal ETA Infotech Limited

Agara and Jakkasandra village, BegurHobli, Bengaluru, Karnataka

Electronic Hardware and Software including IT/ITES

Formal Approval

 

Jubilant Infrastructure Limited

Kallahalli village, Nanjangud
Taluk, Mysore District, Karnataka

Biotech (Pharma)

Formal Approval

 

Oracle India Private Limited

Kadubeesanahalli Village, VarthurHobli, Outer Ring Road, Bangalore East Taluk, Bangalore, Karnataka

IT/ITES

Formal Approval

This information was given by the Minister of Commerce and Industry, PiyushGoyal, in a written reply in the Lok Sabha today.

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(Release ID: 1578141)

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Ministry of Law & Justice amends SEZ Act, allows Trusts to set-up units in SEZ

 

MINISTRY OF LAW AND JUSTICE

(Legislative Department)

New Delhi, the 8th July, 2019/Ashadha 17, 1941 (Saka)

The following Act of Parliament received the assent of the President on the 6th July, 2019, and is hereby published for general information:—

THE SPECIAL ECONOMIC ZONES (AMENDMENT) ACT, 2019

NO. 8 OF 2019

[6th July, 2019.]

An Act to amend the Special Economic Zones Act, 2005.

BE it enacted by Parliament in the Seventieth Year of the Republic of India as follows:—

1. (1) This Act may be called the Special Economic Zones (Amendment) Act, 2019.

     (2) It shall be deemed to have come into force on the 2nd day of March, 2019.

Amendment of section 2.

2. In section 2 of the Special Economic Zones Act, 2005, in clause (v),—

(i) after the words "local authority", the words ", trust or any entity as may be notified by the Central Government" shall be inserted;

(ii) for the words "authority or company", the words "authority, company, trust or entity" shall be substituted.

Repeal and savings.

3. (1) The Special Economic Zones (Amendment) Ordinance, 2019 is hereby repealed.

(2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under this Act.

————

DR . G. NARAYANA RAJU,

Secretary to the Govt. of India.

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