The general budget of the country has been presented. Finance Minister Nirmala Sitharaman presented the last full budget of Modi 2.0 in Parliament. During this, efforts were made by the government to focus on all the sectors. During the budget speech, the Finance Minister said that now the KYC process will be simplified. It will be fully digitized by talking to the financial system.
Finance Minister Sitharaman further told in his speech that PAN will be identified for all digital systems. Unified Filing Process will be setup. One stop solution and will be done for identity and address. It will be a one stop solution through Digi Locker and Aadhaar. There will be data in one place through the common portal, different agencies will be able to use it. This will avoid the need to give data repeatedly, but for this the consent of the user will be very important.
