Cabinet approves PAN revamp along with ₹22,847-cr initiatives for agri, education, innovation, green energy, railways
1 month, 2 weeks ago

Cabinet approves PAN revamp along with ₹22,847-cr initiatives for agri, education, innovation, green energy, railways

Live Mint  

New Delhi: The Cabinet Committee on Economic Affairs chaired by prime minister Narendra Modi on Monday approved the revamp of the Permanent Account Number system to introduce 'PAN 2.0', along with projects worth ₹22,847 crore in various domains including agriculture, railways, green energy, and education. The cabinet's announcement on Monday also included a formal introduction of the national mission on natural farming after a successful pilot run, as well as railway infrastructure projects to connect India's northern region of Uttar Pradesh-Bihar to Mumbai and other surrounding ports, and two new hydroelectricity generation projects in Arunachal Pradesh. Three railway projects The CCEA also approved ₹7,927 crore for three railway infrastructure projects in the Purvanchal-Mumbai corridor to benefit the middle class, Vaishnaw said. In the expenditure to promote education and innovation among youth, the CCEA approved spending ₹2,750 crore for the Atal Innovation Mission 2.0 and ₹6,000 crore towards securing top global journals for young students under the One Nation One Subscription scheme.

India Mumbai Tax Projects Mission Green Energy Project Crore Cabinet Scheme Vaishnaw System Pan Natural Farming  mission  green  tax  railways  revamp  system  innovation  projects  energy  pan  crore  scheme  project  vaishnaw  initiatives  approves  cabinet  20  education

History of this topic

PAN 2.0 explained: Govt clarifies validity of existing cards and costs for upgrades
2 weeks, 2 days ago

PAN 2.0 explained: Govt clarifies validity of existing cards and costs for upgrades

India TV News  

The Government of India has launched the PAN 2.0 project, raising questions among taxpayers about the functionality of their existing PAN cards, the pricing of the new cards, and the features to be included in the upgraded version. Existing PAN holders with existing cards can apply for new cards with dynamic QR codes under the current PAN 1.0 system or …

How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC
3 weeks, 4 days ago

How integrating PAN 2.0 with Aadhaar and ‘e-Rupee’ can streamline investments and KYC

Live Mint  

On your last vacation, remember the number of times you had to show your physical Aadhaar card and Permanent Account Number card to comply with know-your-customer norms at hotels and airports? Integrating the Aadhaar card’s address details in the dynamic QR code can make PAN 2.0 a universally acceptable single-point identity and address proof identifier for investments across asset classes. …

PAN 2.0: What's there in the Cabinet decision for existing holders?
1 month, 1 week ago

PAN 2.0: What's there in the Cabinet decision for existing holders?

India TV News  

Permanent Account Number is the most important document for an Indian taxpayer. Be it the opening of an account, income tax filing, opening a business entity and purchasing property among others, the PAN is of utmost importance as through this document, the taxation department keeps a check on anyone's income which is corroborated with their annual return filing. In line …

The week in charts: FII selling, PAN 2.0, IPL auction
1 month, 1 week ago

The week in charts: FII selling, PAN 2.0, IPL auction

Live Mint  

Every Friday, Plain Facts publishes a compilation of data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Cabinet reforms ₹22,847 crore: This is the total outlay approved by the CCEA for various key projects, including the revamp of the permanent account number system, now called 'PAN 2.0'. The …

Income Tax dept releases PAN 2.0 FAQs: How to apply or update your PAN
Trending News
1 month, 1 week ago

Income Tax dept releases PAN 2.0 FAQs: How to apply or update your PAN

India Today  

The PAN 2.0 Project, initiated by the Income Tax Department, has been approved by the Cabinet Committee on Economic Affairs. The PAN 2.0 Project is an electronic governance initiative by the Income Tax Department, designed to modernise PAN and TAN services. However, the new PAN 2.0 cards include a dynamic QR code that provides updated information when scanned, making the …

PAN 2.0: Get your e-PAN in your inbox—no hassle, just smarter!
1 month, 1 week ago

PAN 2.0: Get your e-PAN in your inbox—no hassle, just smarter!

India Today  

Under the new PAN 2.0 project, existing PAN cards will remain valid, and users will automatically receive an electronic version of their card via email without needing to apply. Existing PAN holders can update or correct details like their name, date of birth, email, mobile number, or address free of charge after the PAN 2.0 project launches. The government plans …

Why PAN 2.0 is the booster shot Indian businesses needed
1 month, 2 weeks ago

Why PAN 2.0 is the booster shot Indian businesses needed

India Today  

The Cabinet Committee on Economic Affairs has approved the income tax department’s Rs 1,435 crore PAN 2.0 project, under which the 10-digit alphanumeric Permanent Account Number will become a ‘common business identifier’ for all entities. World Bank research, published in the document ‘Implementing a Unique Business Identifier in Government’, found that in the nine countries studied, including Canada, New Zealand, …

PAN 2.0: New e-PAN to come in mail without applying again, QR and other details
1 month, 2 weeks ago

PAN 2.0: New e-PAN to come in mail without applying again, QR and other details

Hindustan Times  

Existing PAN cards will continue to remain valid under the PAN 2.0 project with users supposed to automatically receive an electronic version of it in their mail ID, without applying for it. The government has decided to make PAN as the "common business identifier" for all digital systems of specified govt agencies, as announced in the Union Budget 2023 However, …

PAN 2.0: New card will come in email, applying for physical card to cost ₹50
Trending News
1 month, 2 weeks ago

PAN 2.0: New card will come in email, applying for physical card to cost ₹50

Hindustan Times  

Existing PAN cards will continue to remain valid under the PAN 2.0 project with users supposed to automatically receive an electronic version of it in their mail ID, without applying for it. The government has decided to make PAN as the "common business identifier" for all digital systems of specified govt agencies, as announced in the Union Budget 2023 However, …

Enter the PAN 2.0 universe: How the new system will benefit users, businesses
Trending News
1 month, 2 weeks ago

Enter the PAN 2.0 universe: How the new system will benefit users, businesses

India Today  

The Cabinet Committee on Economic Affairs has approved the income tax department’s PAN 2.0 project, worth Rs 1,435 crore, aimed at integrating all Permanent Account Number-related services under a single portal and making PAN a “common identifier” for businesses. In line with the Union government vision for a digital economy, the PAN 2.0 project aims to make PAN-related updates completely …

Do you need to change your PAN card under PAN 2.0? All queries answered
Trending News
1 month, 2 weeks ago

Do you need to change your PAN card under PAN 2.0? All queries answered

Live Mint  

The central government has launched the PAN 2.0 project, revising the country's current permanent account number system. The UTIITSL portal is a website that provides services related to PAN cards, such as applying for a PAN card, updating PAN card details, linking PAN with Aadhaar, etc. In the PAN 2.0 Project, all PAN/TAN-related services will be hosted on a single …

How will PAN 2.0 be different from the existing card: Key changes explained
1 month, 2 weeks ago

How will PAN 2.0 be different from the existing card: Key changes explained

Hindustan Times  

The government of India has come out with an upgraded PAN system that is being dubbed as PAN 2.0. The new features in PAN 2.0 Permanent Account Number or PAN was first introduced in 1972 and has been used as a taxpayer identification number for decades. The PAN 2.0 will be an upgrade in technology used in the system, in …

PAN 2.0 Project: All you need to know
1 month, 2 weeks ago

PAN 2.0 Project: All you need to know

The Hindu  

The government on Monday announced the ₹1,435 crore PAN 2.0 Project to make the permanent account number a ‘common business identifier’ for all digital systems of government agencies. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for the PAN 2.0 Project of the Income Tax Department with a financial outlay of ₹1,435 …

Centre approves PAN 2.0 project: What's new, top benefits and all you need to know
1 month, 2 weeks ago

Centre approves PAN 2.0 project: What's new, top benefits and all you need to know

Hindustan Times  

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi announced its approval of the PAN 2.0 Project of the Income Tax Department on Monday, November 25, 2024. The PAN 2.0 Project is an e-Governance project for digitizing the taxpayer registration system. “PAN card is part of our life which is important for the middle class and small …

What is PAN 2.0? How does it differ from the old one?
1 month, 2 weeks ago

What is PAN 2.0? How does it differ from the old one?

Firstpost  

The Centre has announced that it is all set to introduce PAN 2.0 — a revamped PAN that will come with a QR code feature, enabling quick scans and full online functionality. The project will also make permanent account number a ‘common business identifier’ for all government agencies’ digital systems The Cabinet ensures that a citizen's existing PAN remains valid, …

Government's PAN 2.0 project: All you need to know
1 month, 2 weeks ago

Government's PAN 2.0 project: All you need to know

New Indian Express  

The Union Cabinet has approved the PAN 2.0 Project of the Income Tax Department, which comes with a financial outlay of Rs 1,435 crore. This initiative aims to fully upgrade the current PAN system, revamp the IT infrastructure, and establish PAN as a universal business identifier across various digital platforms of designated government agencies, as announced by Union Information and …

What is PAN 2.0 project, what are the benefits and who should apply?
1 month, 2 weeks ago

What is PAN 2.0 project, what are the benefits and who should apply?

India Today  

The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has approved the PAN 2.0 Project under the Income Tax Department. PAN 2.0 also supports the Digital India initiative by promoting paperless processes and using PAN as a common identifier across digital systems in specified government agencies. With PAN 2.0, the system will be significantly upgraded, and a …

Union Cabinet Approves PAN 2.0 Project
1 month, 2 weeks ago

Union Cabinet Approves PAN 2.0 Project

Deccan Chronicle  

New Delhi: The Centre on Monday approved a slew of key decisions, including the second edition of the permanent account number or PAN 2.0 project of the income tax department with an estimated cost of Rs 1,435 crore, enabling technology driven transformation of taxpayer registration services. Briefing the media after the cabinet meeting, Union minister Ashwini Vaishnaw said that the …

Cabinet okays ₹1,435-cr PAN 2.0
1 month, 2 weeks ago

Cabinet okays ₹1,435-cr PAN 2.0

Hindustan Times  

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Monday approved the ₹1,435-crore PAN 2.0 project of the Income Tax department, which will upgrade the existing system and make personal data protection mandatory for user agencies. “The PAN 2.0 Project resonates with the vision of the Government enshrined in Digital India by enabling the use of …

What is Pan 2.0? Indian government aims to launch fully paperless and online unified system
Trending News
1 month, 2 weeks ago

What is Pan 2.0? Indian government aims to launch fully paperless and online unified system

Live Mint  

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the Pan 2.0 project of the Income Tax Department of India with aims to create a fully paperless and online system in the country, according to the official press release on Monday, November 25. The existing system will be upgraded and the digital backbone will be brought …

PAN 2.0 Announced: Do You Need To Change PAN Number? Will It Be Free? All Your FAQs Answered
1 month, 2 weeks ago

PAN 2.0 Announced: Do You Need To Change PAN Number? Will It Be Free? All Your FAQs Answered

ABP News  

Union Minister Ashwini Vaishnaw during his Cabinet Briefing on Monday announced plans to introduce PAN 2.0, touted as an upgrade to Permanent Account Number, the unique taxpayer identification number. According to Vaishnaw, PAN 2.0 will be an advanced iteration of the country's PAN system, aimed at streamlining business and citizen-centric operations. PAN 2.0: Key Features Here's what PAN 2.0 will …

Cabinet approves Rs 1,435 crore 'PAN 2.0 Project' | CHECK DETAILS
1 month, 2 weeks ago

Cabinet approves Rs 1,435 crore 'PAN 2.0 Project' | CHECK DETAILS

India TV News  

In a significant development to modernize India’s tax administration, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Rs 1435 crore PAN 2.0 Project. According to the information released, 'the initiative aims to overhaul taxpayer registration services through technology driven transformation of PAN/TAN services for enhanced digital experience of the taxpayers'. 'Benefits of the …

PAN 2.0, 3 multitracking Railway projects among major government schemes announced
1 month, 2 weeks ago

PAN 2.0, 3 multitracking Railway projects among major government schemes announced

India Today  

The Union Cabinet on Monday approved a host of key schemes, including a massive revamp of the PAN system, three multitracking projects of the Indian Railways, providing undergraduate courses on natural farming and investment proposals for the construction of two hydroelectric power plants in Arunachal Pradesh. NATURAL FARMING The Cabinet approved the launching of a national mission on natural farming, …

Panjab University’s finance panel okays ₹752- crore budget for 2023-24
1 year, 3 months ago

Panjab University’s finance panel okays ₹752- crore budget for 2023-24

Hindustan Times  

Panjab University’s Board of Finance on Wednesday cleared a revised expenditure estimate of ₹752.2 crore for the 2023-24 session and ₹789.6 crore for the 2024-25 session. Further, ₹346 crore will come from the University Grants Commission as annual maintenance grant and another ₹85.37 crore will be received from the Punjab government. For the 2024-25 session, to generate ₹789.6 crore, ₹332.3 …

Linking PAN with Aadhaar: CBDT chairperson says 48 crore linked so far
1 year, 11 months ago

Linking PAN with Aadhaar: CBDT chairperson says 48 crore linked so far

The Hindu  

About 48 crore individual Permanent Account Numbers, out of the total 61 crore issued till now, have been linked with Aadhaar till date and those who do not link it by the declared deadline of March 31 will not get benefits while undertaking various business and tax-related activities, CBDT Chairperson Nitin Gupta said. "There are about 61 crore individual PANs …

PAN card to be used for common identifier for digital systems of specified govt agencies, FM in Budget 2023
1 year, 11 months ago

PAN card to be used for common identifier for digital systems of specified govt agencies, FM in Budget 2023

India TV News  

Budget 2023: Permanent Account Number will be used for common identifier for all digital systems of specified government agencies, the Finance Minister announced on Wednesday as she presented the Union Budget 2023. She also said that if MSMEs fail to execute contract, 95 per cent of performance security will be returned to small business as part of Vivad Se Vishwas …

Just 23 crore PAN cards linked with Aadhaar ahead of March 31 deadline
5 years, 11 months ago

Just 23 crore PAN cards linked with Aadhaar ahead of March 31 deadline

Live Mint  

New Delhi: Just 23 crore PAN card holders -- over half of the total PAN card holders -- have so far linked their cards with biometric ID Aadhaar, even as the deadline to link the two comes to an end on March 31, 2019. Central Board of Direct Taxes Chairman Sushil Chandra said the Income Tax department has so far …

New PAN card rules come into effect from 5th December: 5 things to know
6 years, 1 month ago

New PAN card rules come into effect from 5th December: 5 things to know

Live Mint  

New Delhi: To prevent tax evasion, the Income Tax department has changed PAN card rules with effect from 5 December making it mandatory for all entities doing business worth over ₹ 2.5 lakh in a financial year to have a Permanent Account Number. “In the case of a person, being a resident, other than an individual, which enters into a …

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