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Showing posts from May, 2020

29 May: International Everest Day observed

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  The International Everest Day is observed every year on 29 May. The day is celebrated with processions, memorial events, and special events in Kathmandu, Nepal and the Everest region. The day is observed every year in memory of the first summit of Mt. Everest on 29 May 1953 undertaken by  Sir   Edmund Hillary  from New Zealand and  Tenzing Norgay Sherpa  from Nepal who became first humans to achieve the feat. In 2008, the Nepal government decided to observe day as International Everest Day when legendary climber Hillary passed away. It is the world’s highest mountain above sea level with Elevation of 8,848 m. It is known as  Sagarmatha  in Nepali and as  Chomolungma  in Tibetan. The mountain was named as ‘Everest’ as a tribute to Sir George Everest, the Surveyor General of India from 1830 to 1843.

Finance Minister launched instant Aadhaar based E-KYC

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  On May 27, 2020, the Union Finance Minister Nirmala Sitaraman launched instant Aadhaar based E-KYC. The facility will be available for PAN applicants that possess valid Aadhaar number. They should also have a mobile number registered with Aadhaar. The process of allotting PAN is paperless and is also free of cost. The instant Aadhaar based E-KYC was introduced by the Finance Minister in the Union Budget 2020-21. She announced that a system will be brought in that will instantly provide PAN without the requirement of filling up of application form. PAN is Permanent Account Number. It is a 10-digit alpha numeric number that is issued by Income Tax Department. It enables income tax department to link the transaction of the person with the department. The transactions include TDS, TCS, tax payments, income returns, correspondence, specified transactions, etc. It is now mandatory to provide PAN on return of income. Also, it was made mandatory to provide PAN for all challan payments since