Your PAN card will become inoperative from April 2021 if you don't do this

News Network
March 22, 2021

If your Permanent Account Number is not linked to your Aadhaar card, your PAN card will turn useless from next month. The Central government had extended the deadline to link PAN with Aadhaar several times. Unless the government extends the deadline again, the last date to link the documents is 31 March 2021. 

All such PAN cards which are not linked to Aadhaar would be useless and declared "inoperative" after the deadline ends. If your PAN is not linked to your Aadhaar, then from 1 April you will not be able to do any financial transaction.

Inoperative PAN card may lead to a penalty

If you fail to link the two documents by the deadline and your PAN becomes inoperative, it will be assumed that your PAN has not been furnished as required by the law and a penalty of ₹10,000 may apply as per Section 272B of the Income Tax Act.

Why is PAN mandatory?

Having a PAN card is mandatory for several purposes like opening a bank account, buying mutual funds or shares and even making cash transactions of over ₹50,000.

PAN Aadhaar card linking: How to do

•    To link your PAN with Aadhaar, you can go to the income tax department's e-filing portal.
•    Click on the Link Aadhaar section on the left.
•    You need to fill PAN number, Aadhaar number and name.
•    Fill in the CAPTCHA.
•    Click at the 'Link Aadhaar' option and your PAN Aadhaar Linking will get complete.
•    The I-T department will validate your name, date of birth and gender against Aadhaar details after which the linking will be done.

How to link PAN with Aadhaar through SMS?

If you are unable to link your PAN and Aadhaar using the e-filing website of the department, then you can link your PAN with the Aadhaar number by sending an SMS to 567678 or 56161 from the registered mobile number. In order to do so, you need to type UIDPAN and send it.

Here is the format: UIDPAN (12-digit Aadhaar number) (10-digit PAN) and send it to 567678 or 56161.

How to link PAN with Aadhaar manually

If you wish to link your PAN card and Aadhaar manually, you can visit a service centre for PAN. You will be required to fill in a form 'Annexure-I' along with supporting documents - a copy of the PAN card and the Aadhaar card. Unlike online services, this service is not free of charge. An individual is required to pay a prescribed fee to them.

 

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Agencies
March 31,2021

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Washington, Mar 31: US President Joe Biden on Tuesday announced his intent to nominate Indian-American Rupa Ranga Puttagunta as a federal judge, among 10 other diverse picks for top judicial positions which include African-American and Muslim American candidates.

Among the presidential nominations, 10 are for Federal Circuit and District Court judge posts, and one is for Superior Court Judge for the District of Columbia.

These highly-qualified candidates reflect the president's deeply-held conviction that the federal bench should reflect the full diversity of the American people - both in background and in professional experience, the White House said.

If confirmed by the US Senate, Judge Puttagunta would be the first Asian American and Pacific Islander (AAPI) woman to serve on the US District Court for the District of DC, the White House said.

Judge Puttagunta currently serves as an Administrative Judge for the D.C. Rental Housing Commission. Prior to joining the Commission in 2019, Judge Puttagunta was a solo practitioner from 2013 to 2019, representing indigent criminal defendants in trial and on appeal.

Before opening her own practice, Judge Puttagunta practised family and appellate law at Delaney McKinney, LLP from 2012 to 2013.

While working on domestic relations matters in private practice, Judge Puttagunta also provided hundreds of hours of pro bono legal services by volunteering at D.C. Superior Court''s Family Court Self-Help Center and Attorney Negotiator Program and representing victims of domestic violence in D.C. Superior Court.

Judge Puttagunta began her legal career as a law clerk for Judge William M. Jackson of the D.C. Superior Court from 2008 to 2010, as well as the Senior Judges of the D.C. Court of Appeals from 2010 to 2011.

Judge Puttagunta received her Juris Doctor degree from Ohio State Moritz College of Law in 2007.

The nominations announced on Tuesday also include three African American women and a Muslim American.

If confirmed by the Senate, Judge Zahid N Quraishi would be the first Muslim American federal judge in US history.

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Agencies
April 3,2021

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Back in October, Harold Hamm predicted a win by Joe Biden in the US election would “strange and starve oil and gas.” Instead, he’s made a killing.

With shares of his Continental Resources Inc. more than doubling in the past six months, Hamm’s personal fortune has jumped this year by $3.3 billion to $8.4 billion, according to the Bloomberg Billionaires Index.

Sure, Biden won in November and is now promoting policies to reduce greenhouse gas emissions. But crude prices have surged in recent months amid supply cuts and increased demand for natural gas to renewables as economies emerge from the Covid-19 crisis. Hamm, 75, who supported Donald Trump in the election, is one of the biggest gainers among energy billionaires.

Energy tycoons from the US to Russia and India have also boosted their fortunes. Their combined net worth climbed about $51 billion in the first quarter — or roughly 10 per cent — the fastest rate of any group in the Bloomberg index.

Positive Outlook

Leonid Mikhelson, 65, co-owner of the largest non-state-owned natural-gas provider in Russia, has added $3.8 billion in 2021, threatening to take over the top spot among the nation’s richest. India’s Gautam Adani has gained $23.3 billion this year — the most of anyone in the world.

The outlook for energy companies like Continental Resources -- which struggled last year -- has turned more positive, with Hamm’s shale-oil producer even expected to return to profitability.

At their meeting this week, OPEC+ members expressed confidence about the economic recovery and agreed to gradually increase oil production in the coming months. In February, JPMorgan Chase & Co. talked about a new supercycle for commodities, echoing similar comments from banks including Goldman Sachs Group Inc. Oil has climbed 66 per cent in the past six months, and some bulls predict prices could once again top $100 a barrel by the end of next year.

“Higher oil prices translate directly into higher profits and increase these companies’ returns to their shareholders,” said Ryan Dusek, director at Opportune, a commodity risk-advisory group in Houston.

Still, the increasing focus on eco-friendly measures is threatening oil producers in the longer term. Biden wants to make the US electricity grid carbon-free by 2035, while China and the European Union aim to be carbon neutral by 2060 and 2050, respectively.

Green Ambitions

That’s why some companies have been boosting their green ambitions. Adani, who spent two decades building an empire centered around coal, has plans to increase his firm’s renewable-energy capacity almost eightfold by 2025 and has gotten backing from big players including French oil giant Total SE. Mikhelson’s Novatek PJSC, whose Yamal LNG plant in Russia’s Arctic has been operating above capacity, wants to clean up its output even as it more than triples production by the end of the decade.

Even with the recent energy gains, technology remains the main creator of wealth globally, with the wealthiest entrepreneurs in that industry adding $87.6 billion so far this year. Larry Page and Sergey Brin, co-founders of Google parent Alphabet Inc., and Su Hua of Chinese video service Kuaishou Technology are among the top gainers after Adani.

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News Network
April 3,2021

Kolkata, Apr 3: West Bengal Chief Minister Mamata Banerjee on Saturday accused the BJP of engineering communal strife in the state to win the assembly elections.

The TMC chief, while addressing an election rally in Raidighi in South 24 Parganas district, also called upon Muslims not to "fall in the trap of a BJP-aided party from Hyderabad and its Bengal ally that are out to polarise votes."

Her jibe was apparently aimed at Asaduddin Owaisi-led AIMIM and Abbas Siddiqui's ISF. Both Owaisi and Siddiqui had earlier denied the TMC's insinuations. The ISF is fighting the elections in alliance with the CPI(M) and Congress.

The TMC supremo also urged Hindus to be on the guard against the BJP's attempts to "instigate communal clashes" and called upon them to chase away outsiders sent to foment trouble in their respective localities.

Affirming her Hindu identity, in an apparent attempt to counter the minority appeasement charge against her, Banerjee said, "I am a devout Hindu who recites Chandi mantra every day before leaving home. But I believe in our tradition of giving respect to every religion."

Taking a dig at BJP leaders having lunch at houses of Dalits, she said, "I am a Brahmin woman. But my all-time associate is a Scheduled Caste woman who takes care of all my needs. She also cooks food for me."

"I need not advertise this as those bringing five-star hotel lunch to eat at the courtyard of a Dalit home are anti- Dalit, anti-backward caste and anti-minority in nature," she said.

The TMC chief claimed that if elected to power in West Bengal, the BJP will implement the Citizenship (Amendment) Act and the National Register of Citizens (NRC), forcing "many citizens to leave".

"They will divide West Bengal and its people. Remember how they deleted the names of 14 lakh Bengalis and 2 lakh Biharis in the updated NRC in Assam," she said.

Banerjee alleged that central forces are terrorising people at every home 48 hours before polling, asking them to vote for the BJP. 

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