Economic Times ( 10 Aug )
carries following news report :
“
Aadhar May Become the Gatekeeper to D Street Soon “
Aadhar may soon become mandatory for buying shares and Mutual funds
The Government and the SEBI are planning to link Aadhaar to
financial market transactions to try and curb sharp practices such as , CONVERSION OF BLACK MONEY INTO WHITE , through the stock market
It is not clear whether Aadhaar will replace PAN as the sole
identification number for financial market transactions
DNA MONEY ( 13 Oct 2016 ) has
following screaming headline :
" Rs 30 lakh*crore black money in stocks : I-T
I welcome this initiative
But if the government wants, not only to extinguish the existing
stock of BLACK MONEY but also put a FULL STOP to future generation
of BLACK MONEY , then it should seriously examine my suggestion :
12 Aug 2017
www.hemenparekh.in
/ blogs
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