UPSC GUIDE's video: PAN 2 0: India s Digital Financial Transformation
@PAN 2.0: India’s Digital Financial Transformation
PAN 2.0: India’s Digital Financial Transformation
In this video, we explore the revolutionary changes brought by PAN 2.0 and how it is transforming India’s financial system. PAN (Permanent Account Number), a crucial part of India's tax system, has undergone significant upgrades to adapt to the digital era. From Aadhaar-PAN linking to digital PAN cards, we cover everything you need to know about PAN 2.0.
Key points covered in the video:
• What is PAN and why it’s important?
• The need for PAN 2.0 in the digital age
• Key updates in PAN 2.0, including Aadhaar linking, improved data verification, simplified reissue process, and QR codes
• The government’s investment of ₹1,435 crore to modernize the PAN system
• How PAN 2.0 aims to make the system more secure, efficient, and transparent for individuals and businesses
• The historical context of the changes brought by PAN 2.0 (demonetization, GST, and global tax reforms)
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UPSC GUIDE's video: PAN 2 0: India s Digital Financial Transformation
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