{"id":67312,"date":"2024-11-26T18:13:58","date_gmt":"2024-11-26T12:43:58","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=67312"},"modified":"2024-11-26T18:14:00","modified_gmt":"2024-11-26T12:44:00","slug":"government-announces-rs-1435-crore-pan-2-0-project","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/","title":{"rendered":"Government Announces Rs 1,435 Crore PAN 2.0 Project"},"content":{"rendered":"\n<p>Indian government systems have been based on digitization and transparency in governance frameworks, especially for financial administration. The government\u2018s public declaration of the PAN 2.0 project for Rs 1,435 crore was a long stride in this direction. The updated program is a modernization of the Permanent Account Number system and will leverage advanced technology to enhance operations, ensuring they are more secure, cohesive, and efficient.<\/p>\n\n\n\n<p>What does PAN 2.0 refer to, and in what ways will it impact the lives of individuals, companies, and economies as a whole? This blog explores the subtleties of the project, its importance, features, and benefits, as well as practical guidance on how to adapt to the change.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Understanding_the_PAN_20_Project\" >Understanding the PAN 2.0 Project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Why_PAN_20_Matters\" >Why PAN 2.0 Matters?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Talk_To_Expert\" >Talk To Expert<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Government_Announces_Rs_1435_Crore_PAN_20_Project\" >Government Announces Rs 1,435 Crore PAN 2.0 Project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Essential_Elements_of_PAN_20\" >Essential Elements of PAN 2.0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Who_Benefits_Most_from_PAN_20\" >Who Benefits Most from PAN 2.0?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Real-Life_Implications_How_PAN_20_Changes_the_Game\" >Real-Life Implications: How PAN 2.0 Changes the Game<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Problems_Solved_by_PAN_20_Project\" >Problems Solved by PAN 2.0 Project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#How_to_Migrate_to_PAN_20\" >How to Migrate to PAN 2.0?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Benefits_to_Businesses_from_PAN_20\" >Benefits to Businesses from PAN 2.0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#PAN_20_and_Indias_Digital_Vision\" >PAN 2.0 and India&#8217;s Digital Vision<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#To_Wrap_Up\" >To Wrap Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/corpbiz.io\/learning\/government-announces-rs-1435-crore-pan-2-0-project\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_the_PAN_20_Project\"><\/span>Understanding the PAN 2.0 Project<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>PAN is a permanent account number given to every individual and legal entity in India in order to conduct monetary transactions and dealings, in addition to filing taxes and completing many official processes. Nonetheless, it has its flaws: existing data duplication delays processing and fraudulent activities as well.<\/p>\n\n\n\n<p>The gaps that the PAN 2.0 project fills are integrating advanced technologies such as AI, real-time Aadhaar linking, and dynamic QR codes for the efficiency and security of transactions. The project involves an investment of Rs 1,435 crore and reflects the commitment of the government towards tax administration modernization as well as transparency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_PAN_20_Matters\"><\/span>Why PAN 2.0 Matters?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To understand the importance of PAN 2.0, the context of India&#8217;s larger economic and governance objectives needs to be factored in.<\/p>\n\n\n\n<p><strong>1. Combating Tax Evasion<\/strong><\/p>\n\n\n\n<p>India has had long-standing tax evasion problems, with a significant share of transactions taking place outside the formal system. PAN 2.0, with AI-based tools, makes it more accessible to identify suspicious financial activity, thereby cutting tax evasion significantly.<\/p>\n\n\n\n<p><strong>2. Increasing Financial Inclusion<\/strong><\/p>\n\n\n\n<p>The new system simplifies getting and using PAN for individuals, especially those from rural and semi-urban locations, providing a much greater level of financial inclusion.<\/p>\n\n\n\n<p><strong>3. Enabling India&#8217;s Digital Economy<\/strong><\/p>\n\n\n\n<p>PAN 2.0 is in alignment with the Digital India initiative, thus ensuring that the taxation framework of India continues to retain its standard and keep pace with the evolving digital financial ecosystems.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Talk_To_Expert\"><\/span>Talk To Expert<span class=\"ez-toc-section-end\"><\/span><\/h2><div class=\"calling-person blog_cta my-4\"> \n\n  \n\n    <div class=\"row\"> \n\n        <div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-12\"> \n\n            <div class=\"d-flex flex-nowrap\"> \n\n                <div class=\"user-online\"> <img decoding=\"async\" src=\"https:\/\/corpbiz.io\/img\/user.jpg\" alt=\"corpbiz\"> <\/div> \n\n                <div class=\"user-online-details ms-3 align-self-center\"> \n\n                    <h2 class=\"text-white mt-0\"><span class=\"ez-toc-section\" id=\"Government_Announces_Rs_1435_Crore_PAN_20_Project\"><\/span> Government Announces Rs 1,435 Crore PAN 2.0 Project <span class=\"ez-toc-section-end\"><\/span><\/h2> \n\n                    <p class=\"mt-3\"><i class=\"fa fa-star\"><\/i><i class=\"fa fa-star\"><\/i><i class=\"fa fa-star\"><\/i><i \n\n                            class=\"fa fa-star\"><\/i><i class=\"fa fa-star-half-full\"><\/i><span \n\n                            class=\"ms-2 text-white\">(4.8)<\/span><\/p> \n\n                <\/div> \n\n            <\/div> \n\n          \n\n        <\/div> \n\n     \n\n        <div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-8 mx-auto\"> \n\n            <div class=\"d-flex justify-content-between call-chat\"> <a href=\"tel:919121230280\"> <span>Call Now \n\n            <\/span><img decoding=\"async\" class=\"ms-2\" src=\"https:\/\/corpbiz.io\/admin\/style\/images\/userfiles\/image\/new_call_icon.png\" \n\n                alt=\"Call With \" width=\"32px\"> \n\n        <\/a> <a href=\"https:\/\/api.whatsapp.com\/send?phone=919289379709&#038;text=Hi%20Corpbiz\" target=\"_blank\" rel=\"noopener\"> <span>Chat With Us<\/span><img decoding=\"async\" class=\"ms-2\" \n\n                src=\"https:\/\/corpbiz.io\/img\/chat-with-expert.png\" alt=\"Chat With \" width=\"32px\"> <\/a> <\/div> \n\n        <\/div> \n\n    <\/div> \n\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Essential_Elements_of_PAN_20\"><\/span>Essential Elements of PAN 2.0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>PAN 2.0 should not be regarded as a comprehensive redesign of the existing system; rather, it serves as a redefined framework that seeks to address current demands. Here\u2019s an overview of these features:<\/p>\n\n\n\n<ul type=\"1\" start=\"1\">\n<li><strong>Instant e-PAN Generation<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Gone are the days of waiting weeks for your PAN card. PAN 2.0 promises an e-PAN issued within 10 minutes, streamlining the application process significantly.<\/p>\n\n\n\n<ul>\n<li><strong>Real-time Aadhaar Integration <\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>PAN 2.0 enhances Aadhaar integration, enabling real-time verification and linking. This feature minimizes fraudulent activities, such as holding multiple PAN cards.<\/p>\n\n\n\n<ul>\n<li><strong>Dynamic QR Code<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Each PAN 2.0 card will have an embedded dynamic QR code, allowing the institution to validate the authenticity in real-time. This will be very useful to banks, employers, and providers of financial services.<\/p>\n\n\n\n<ul>\n<li><strong>Using AI and Data Analytics for Fraud Detection<\/strong><\/li>\n<\/ul>\n\n\n\n<p>PAN 2.0 will utilize AI-driven systems to scan extensive financial data for anomalies that may indicate potential fraud and misuse of the tax system.<\/p>\n\n\n\n<ul>\n<li><strong>Single Platform for Compliance<\/strong><\/li>\n<\/ul>\n\n\n\n<p>PAN 2.0 integrates with several financial and government databases to create a one-stop compliance solution. As a result, PAN simplifies everything by being more of a one-stop shop for businesses and individuals alike.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_Benefits_Most_from_PAN_20\"><\/span>Who Benefits Most from PAN 2.0?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The most significant beneficiaries of the PAN 2.0 upgrade will be various stakeholders in the economy:<\/p>\n\n\n\n<ul>\n<li><strong>Individuals<\/strong>: Faster issuance, greater security, and simplified procedures make life easier for taxpayers.<\/li>\n\n\n\n<li><strong>Businesses<\/strong>: For companies, especially those that go in for high-value transactions, compliance is simplified as there are fewer risks of penalties.<\/li>\n\n\n\n<li><strong>Financial institutions<\/strong>: Banks, <a href=\"https:\/\/corpbiz.io\/nbfc-registration\" title=\"NBFC Registration in India\">registered NBFCs<\/a>, and others use the real-time features of PAN 2.0 to optimize their processes and reduce fraud.<\/li>\n\n\n\n<li><strong>Government agencies<\/strong>: With enhanced monitoring capability, government agencies have a better chance of identifying and acting against tax evasion.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Real-Life_Implications_How_PAN_20_Changes_the_Game\"><\/span>Real-Life Implications: How PAN 2.0 Changes the Game<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To understand how PAN 2.0 works in practice, let&#8217;s present some scenarios:<\/p>\n\n\n\n<p><strong>Scenario 1: Small Business Owners<\/strong><\/p>\n\n\n\n<p>PAN 2.0 helps small business owner Rajesh overcome the trouble of delayed verification when applying for business loans. Aadhaar integration and dynamic QR codes enable quicker approvals, and he is readily able to secure loans quickly and expand his enterprise.<\/p>\n\n\n\n<p><strong>Scenario 2: NRIs<\/strong><\/p>\n\n\n\n<p>For example, an NRI like Priya, who required a PAN for investing in India, would have to visit service centres several times under the earlier process. Under PAN 2.0, Priya can apply online from her overseas location while her e-PAN is received instantly.<\/p>\n\n\n\n<p><strong>Scenario 3: Fraud Prevention<\/strong><\/p>\n\n\n\n<p>The Artificial Intelligence-based PAN 2.0 flags an individual attempting to open more than one bank account using different PAN cards. Thus, the government can prevent misuse and thereby have more financial accountability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Problems_Solved_by_PAN_20_Project\"><\/span>Problems Solved by PAN 2.0 Project<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The old system of PAN has been serving India for decades but wasn&#8217;t without problems:<\/p>\n\n\n\n<ul>\n<li><strong>Fraudulent Practices:<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Repeats or fake PAN cards were a common problem.<\/p>\n\n\n\n<ul>\n<li><strong>Inefficiency:<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Manual verification processes made it take much time.<\/p>\n\n\n\n<ul>\n<li><strong>Limited Accessibility:<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Rural and semi-urban people find it tough.<\/p>\n\n\n\n<p>PAN 2.0 Solutions become faster, more secure, and more accessible.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Migrate_to_PAN_20\"><\/span>How to Migrate to PAN 2.0?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Given below is the stepwise guide to migrating to PAN 2.0-<\/strong><\/p>\n\n\n\n<p><strong>Step 1:<\/strong> <strong>Verify Aadhaar Linking<\/strong><\/p>\n\n\n\n<p>Update Check if your Aadhaar is already linked with PAN or not. If not, update it through the official income tax portal.<\/p>\n\n\n\n<p><strong>Step 2: Update Your Information<\/strong><\/p>\n\n\n\n<p>Ensure that the current PAN information is correctly verified. In case of any correction, do it through the income tax department.<\/p>\n\n\n\n<p><strong>Step 3:<\/strong> <strong>Avail of e-PAN<\/strong><\/p>\n\n\n\n<p>For new registration, avail of e-PAN and get the PAN issued in minutes.<\/p>\n\n\n\n<p><strong>Step 4:<\/strong> <strong>Monitor Notifications<\/strong><\/p>\n\n\n\n<p>Follow official notifications and announcements for updating the PAN 2.0 version.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_to_Businesses_from_PAN_20\"><\/span>Benefits to Businesses from PAN 2.0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Businesses are expected to benefit the most from PAN 2.0. There are several reasons why it does so.<\/p>\n\n\n\n<p><strong>1. Faster Loan Approvals<\/strong><\/p>\n\n\n\n<p>The dynamic QR code feature allows the banks to verify PAN details in real-time, thus speeding up loan disbursal processes.<\/p>\n\n\n\n<p><strong>2. More Effective Tax Compliance<\/strong><\/p>\n\n\n\n<p>Real-time integration helps businesses track transactions in detail, thereby avoiding lapses in tax compliance and <a href=\"https:\/\/corpbiz.io\/gst-return-filing\" title=\"Benefits of GST Return Filing\">GST return filing<\/a>.<\/p>\n\n\n\n<p><strong>3. Increased Credibility<\/strong><\/p>\n\n\n\n<p>A more secure and efficient PAN system fosters confidence in stakeholders such as suppliers, customers, and investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"PAN_20_and_Indias_Digital_Vision\"><\/span>PAN 2.0 and India&#8217;s Digital Vision<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>India\u2019s financial systems are rapidly digitizing, and PAN 2.0 is a key element in this transformation. It aligns seamlessly with initiatives like:<\/p>\n\n\n\n<ul>\n<li><strong>Digital India:<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Promoting online governance and service delivery.<\/p>\n\n\n\n<ul>\n<li><strong>Make in India:<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Encouraging entrepreneurship with smoother financial systems.<\/p>\n\n\n\n<ul>\n<li><strong>Unified Payments Interface (UPI):<\/strong><\/li>\n<\/ul>\n\n\n\n<p>PAN 2.0 complements UPI by ensuring all transactions are traceable and secure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"To_Wrap_Up\"><\/span>To Wrap Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The \u20b91,435 crore PAN 2.0 project is not just a technological upgrade; it is a leap forward in India&#8217;s journey toward a transparent, safe, and efficient financial ecosystem. This addresses the challenges already faced and introduces new advanced features, making it beneficial for millions of individuals, businesses, and government agencies.<\/p>\n\n\n\n<p>Adaptation of PAN 2.0 is not just a necessity for taxpayers and businesses but also an opportunity to synchronize with a more intelligent financial future. If you have not done it yet, take the first step today by getting your Aadhaar linked and PAN details updated.<\/p>\n\n\n\n<p>To get expert assistance in migrating to PAN 2.0 or any matters pertaining to starting or expanding your business, visit <a href=\"https:\/\/corpbiz.io\/\">https:\/\/corpbiz.io\/<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3>Will existing PAN cards be replaced?<\/h3><p class=\"saswp-faq-answer-text\">Existing PAN cards are valid. Data on these will be incorporated into the PAN 2.0 framework.<\/p><li style=\"list-style-type: none\"><h3>Will there be an application fee for PAN 2.0?<\/h3><p class=\"saswp-faq-answer-text\">The fee structure is retained, and linking PAN 2.0 incurs the same price as the present system.<\/p><li style=\"list-style-type: none\"><h3>What if one does not link Aadhaar with PAN?<\/h3><p class=\"saswp-faq-answer-text\">Aadhaar linkage is compulsory. Those who do not do this will have to face penalties or inactivation of the PAN.<\/p><li style=\"list-style-type: none\"><h3>Do businesses have an option to carry over their existing PAN details for compliance?<\/h3><p class=\"saswp-faq-answer-text\">Yes, businesses can simply continue using their current PAN details, which will automatically be migrated into the PAN 2.0 system.<\/p><li style=\"list-style-type: none\"><h3>Is PAN 2.0 accessible to rural populations?<\/h3><p class=\"saswp-faq-answer-text\">Yes, the government, in a move to make PAN 2.0 available to all, is now using online applications and streamlined processes.<\/p><\/ul><\/div>\n\n\n<p><strong>Read our blog:<\/strong> <a href=\"https:\/\/corpbiz.io\/learning\/sodexo-meal-card-tax-exemption-and-benefits\/\">Sodexo Meal Card Tax Exemption and Benefits<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian government systems have been based on digitization and transparency in governance frameworks, especially for financial administration. The government\u2018s public declaration of the PAN 2.0 project for Rs 1,435 crore was a long stride in this direction. The updated program is a modernization of the Permanent Account Number system and will leverage advanced technology to [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":67313,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[153],"tags":[88,92,4522],"acf":{"service_id":"104"},"authorName":"Monisha Chaudhary","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/Monisha-Chaudhary-150x150.jpg","authorDescription":"Meet Monisha Chaudhary, a company secretary, and legal content expert with 15+ Years of Industry Experience. With a deep understanding of numerous legal domains, such as intellectual property and regulatory affairs, and decades of expertise in drafting legal blogs, she has consistently delivered informative articles. Her unique writing style has made her gain an immense following among legal researchers, lawyers, and CAs.","postViews":1289,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/67312"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=67312"}],"version-history":[{"count":4,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/67312\/revisions"}],"predecessor-version":[{"id":67317,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/67312\/revisions\/67317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/67313"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=67312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=67312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=67312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}