India’s e-Governance Revolution: How Digital Public Goods Are a Game Changer
With the emergence of COVID-19 in the year 2020 people in India not only faced health care issues but also faced the problem of accessing public goods in India. However, the integration of digital techniques played a crucial role in overcoming this challenge and led to a rise in the concept of ‘Digital Public Good (DPG)’.
According to UN Today, the use of DPGs will more than double in India and continue to increase. These DPGs play a crucial role towards achieving the United Nations’ sustainable development goals, aligning with the digital India initiative.
Why is NPS Important for Millennials and Gen Z Across All Seasons?
Among Indians, the popularity of NPS has soared in terms of retirement planning, especially in recent years. Noticing this trend, the Pension Fund Regulatory & Development Authority (PFRDA) has also introduced specific features that are likely to further fortify the diverse needs of investors.
Account Aggregator Apps: Managing Your Finances on the Go
An account aggregator is a type of financial system that has revolutionized investing and credit. It is an RBI-regulated entity which helps individuals securely access and share their financial information digitally.
More than 34 Million accounts have been created in the country’s account aggregator ecosystem, including public and private bank accounts. The account aggregator ecosystem allows individuals to protect and control their financial data. The revolutionary concept will not only help the customers but also businesses and financial institutions.
A Dive into the History of the National Pension System
The National Pension System or NPS was launched by the Government of India on 1st January 2004. Even though initially it was launched for government employees, since 2009 it has been opened to employees from the corporate sectors as well. This allows the subscribers to contribute to their pension accounts regularly during their working period.
National Pension System: Now Subscribers Can Get Same-day NAV on Their Contributions
Since the introduction of the National Pension System, the subscribers demanded a same-day NAV of their NPS accounts. This is because many people consider NPS as a lucrative investment option rather than a mere pension plan. Since it is a typical feature of all other investment instruments, the unavailability of same-day NAV left subscribers in two minds when investing in NPS.
PAN Card Change or Correction - Know How to Change Personal Details on Your PAN Card
Every Indian taxpayer must possess a PAN card as per Section 139A of the Income Tax Act, 1961. It is a crucial document that replaced the General Index Registrar (GIR) Number system that was used before. The primary agenda of the PAN card was to avoid confusion regarding income tax collection.
If you have applied for your PAN card and noticed incorrect details upon receiving it, you can initiate a PAN card correction process. In this guide, we will walk you through the steps to update your PAN details accurately.
How to Apply for a PAN Card Online?
The Income Tax Department uses the PAN or Permanent Account Number to identify every Indian taxpayer. Initially, it was introduced to curb the rate of tax evasion by individuals and corporate entities. Now, the PAN card acts as a valid ID proof for all Indian residents as well as NRIs (Non-Resident Indians). In this blog, we have covered the topic of PAN card application online. So, in case you are having confusion regarding how to apply for a PAN card from home, then this guide will solve your queries.
Effortless PAN Reprint & Updates: Streamlined Process via eKYC and eSign
Once the government allots a PAN card to an individual or corporate entity, its validity lasts for a lifetime. However, the instances of individuals applying for a PAN card reprint service are quite common under certain circumstances. Obtaining and retaining the PAN card is vital as it serves as an identity-proof document. Also, it comes in handy to claim tax returns in case when excess TDS is deducted. Therefore, if your PAN card is stolen or damaged or somehow you lost it, then there’s no need to panic.
NPS Account Management: All About Various Investment Options Under NPS
The National Pension System (NPS) stands as a cornerstone in India's retirement planning landscape, offering individuals a structured approach to secure their financial future. Amidst its complexities and nuances, questions often arise regarding its operational aspects, investment options, and account management procedures. In this article, we delve into seven pivotal queries surrounding NPS, providing clarity and guidance to both current and prospective subscribers.