Cabinet Committee on Economic Affairs

November 29, 2024 3:08 PM

All you need to know about PAN 2.0

A day after the Cabinet Committee on Economic Affairs approved PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project, comprising 11 frequently asked questions (FAQs) to offer taxpayers detailed insights into the new system. 1. What is PAN 2.0? PAN 2.0 is an e-Governance initiative by the Income Tax Department aimed at re-engineering business processes for taxpayer registration services. The objective is to enhance the quality of PAN services by adopting ...

November 25, 2024 11:12 PM

Cabinet approves ₹7,927 crore multitracking projects to boost rail connectivity

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved three major multitracking projects for Indian Railways at a cost of approximately ₹7,927 crore. The initiative aims to enhance rail connectivity, reduce congestion, and contribute to economic growth. The projects include the Jalgaon-Manmad 4th Line (160 km), Bhusawal-Khandwa 3rd & 4th Line (131 km), and Prayagraj (Iradatganj)-Manikpur 3rd Line (84 km), covering a total length of 639 km. These ...

November 25, 2024 10:29 PM

Centre approves ₹3,689 crore investment for two hydroelectric projects in Arunachal Pradesh

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Monday approved an investment of ₹3,689 crore for the construction of two hydroelectric projects in Arunachal Pradesh's Shi Yomi district. Both projects are expected to be completed within 50 months. An outlay of ₹1,939 crore has been sanctioned for the Heo Hydroelectric Project (HEP), while ₹1,750 crore has been approved for the Tato-I Hydroelectric Project (HEP), according to an official statem...

November 25, 2024 10:19 PM

Centre approves PAN 2.0 project worth ₹1,435 crore to transform taxpayer registration

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Monday approved the Income Tax Department's PAN 2.0 project with an allocation of ₹1,435 crore. The PAN 2.0 project aims to introduce a technology-driven overhaul of taxpayer registration services, offering several key benefits, including improved accessibility, faster service delivery, enhanced data accuracy, eco-friendly processes, cost efficiency, and upgraded infrastructure security for greater a...