PAN, Aadhaar linking date extended by 3 months

New Delhi

The government on Wednesday extended the deadline for linking PAN with biometric Aadhaar by three months till June 30.The Income Tax Department said it had received representations from tax-payers that the last date for intimating the Aadhaar number may further be extended in the wake of the ongoing Covid-19 pandemic. PTI

Mumbai

Recurring transactions: RBI extends timeline

The RBI on Wednesday extended the timeline by six months to comply with its guidelines related to recurring online transactions with Additional Factor of Authentication (AFA), but reprimanded players that the non-compliance is a “serious concern”. Earlier, the deadline was March 31. PTI

New Delhi

Core sectors’ output shrinks by 4.6% in Feb

The output of eight infrastructure sectors contracted by 4.6% in February with all the core segments, including coal, crude oil, natural gas, refinery products and fertilisers witnessing a decline, according to official data released on Wednesday. PTI

New Delhi

BPCL buys out OQ’s stake in Bina refinery project

Bharat Petroleum Corporation Ltd (BPCL) on Wednesday said it has acquired partner OQ’s entire stake in the Bina refinery project in Madhya Pradesh for Rs 2,400 crore. BPCL signed a sales purchase agreement with OQ to buy its 36.6% stake in Bharat Oman Refineries Limited, the company said. PTI