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Aadhaar Paperless Local e-KYC allows offline verification of identity, limits data sharing

Aadhaar Paperless Local e-KYC allows offline verification of identity, limits data sharing

Finance
Following the Supreme Court judgement on Aadhaar and in order to address privacy concerns and limit data sharing, UIDAI has launched a 'Aadhaar Paperless Local e-KYC' method which is an offline method for identity verification wherein verification can be done without sharing biometrics or even Aadhaar number. This method also allows you to choose the Aadhaar related details you want to share for identification purposes. According to a Times of India report, government is pushing for offline tools to verify Aadhaar of a person by a method which will not require sharing of biometrics or involve UIDAI servers. According to the report, there are two ways of offline Aadhaar verification - by using QR code on the Aadhaar card and via Paperless local e-KYC. The Paperless local e-KYC involves gene...
AP sources: US to impose limits on some Chinese visas

AP sources: US to impose limits on some Chinese visas

Technology
The Trump administration plans to shorten the length of validity for some visas issued to Chinese citizens, the State Department said Tuesday, as President Donald Trump works to counter alleged theft of U.S. intellectual property by Beijing. The changes begin June 11. The State Department said that under the new policy, U.S. consular officers may limit how long visas are valid, rather than the usual practice of issuing them for the maximum possible length. The State Department did not provide specifics. But a U.S. official said that according to instructions sent to U.S. embassies and consulates, Chinese graduate students will be limited to one-year visas if they are studying in fields like robotics, aviation and high-tech manufacturing. China identified those areas as priorities in its ...
Time limits proposed for children on social media

Time limits proposed for children on social media

Technology
Ministers are looking into imposing time limits for children using social media, according to Culture Secretary Matt Hancock.He said the negative impact of posting and consuming content online was a "genuine concern".Mr Hancock said more needed to be done to safeguard young people and suggested an age-verification system.Image:Culture Secretary Matt Hancock says there is 'genuine concern'He said there would a new legal requirement for companies to ensure users were over 13 years old. The details of how such a scheme would work are still being worked out."There is a genuine concern about the amount of screen time young people are clocking up and the negative impact it could have on their lives," he told the Times."For an adult I wouldn't want to restrict the amount of time you are on a plat...
Social Security Forfeiture: What Are the 2018 Income Limits?

Social Security Forfeiture: What Are the 2018 Income Limits?

Finance
Many people choose to take Social Security benefits before they reach their full retirement age. With benefits available to most people as early as age 62, you don't even have to wait until you've formally retired to start getting a helping hand from the federal government.However, there's a provision in Social Security law that many people don't know about. If you have earnings from work while you're receiving early Social Security benefits, then you can end up forfeiting some or all of your monthly Social Security checks if you make too much money. Below, you'll learn the specifics of Social Security forfeiture and what you can do to avoid losing any of your hard-earned benefits.Image source: Getty Images.The basics of Social Security forfeitureSocial Security has ...
Tax exemption, Sec 80C limits, surcharge on HNIs may be hiked in Budget 2018: EY

Tax exemption, Sec 80C limits, surcharge on HNIs may be hiked in Budget 2018: EY

Finance
We expect Budget 2018 to increase the basic tax exemption limit from the current Rs 2.5 lakh to Rs 3 lakh and also the Section 80C investment limit for tax saving from the current Rs 1.5 lakh to Rs 2 lakh, says Sonu Iyer, tax partner and people advisory services leader, EY. Talking to ET online about what she thinks the forthcoming budget would bring in the area of personal taxes, she said that these increases were also warranted to account for inflation. These increases would entail loss of revenue for the exchequer but they were also needed to keep the limits in line with inflation, she explained. Re-introduction of inheritance tax unlikelyCommenting on the current speculation regarding re-introduction of inheritance tax, Iyer said "I don't think it will come in. Wealth tax was a...