ITR filing extension, faster UPI refunds for failed transactions get thumbs up
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"This is indeed a huge relief for us. We will now get more time to file our ITR," said Akash Jena, a corporate employee.
Additionally, the new rules facilitating quicker refunds for failed UPI transactions have been positively received. "I lost a lot of money in the past due to failed UPI transactions. I hope now things will get simplified," said Nayam Mishra, a businessman.
However, not all changes were appreciated. The decision by some banks to remove complimentary insurance for air crashes has sparked criticism.
Frequent flyer Chittaranjan Mohanty condemned the move, calling it "illogical".
"The move by the banks to omit complimentary insurance comes in the aftermath of the tragic plane crash in Ahmedabad. Banks might have realised now that air crashes are not rare and they might have to pay large sums of money as insurance," Mohanty said.
Further discontent arose with banks imposing extra charges on large credit card payments.
"We keep credit cards to manage our expenses whenever needed. But now I am afraid to keep it," said Namita Rath, a restaurant owner.
Economists, in the meantime, have praised the govt's decision to make Aadhaar mandatory for obtaining PAN cards. Economics professor Bidyadhar Mohanty described it as a "clever move" that would enhance transparency and help catch tax evaders.
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