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Budget 2018: Aadhaar-like unique ID for firms soon

Somesh Jha / 02 Feb 18 | 05:51 AM

FM Arun Jaitley presenting the budget in the Parliament

Finance Minister Arun Jaitley in his Budget speech on Thursday announced that every enterprise across the country would get a unique identification number at the time of registration, on the lines of Aadhaar.

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“Aadhaar has provided an identity to every Indian. It has eased delivery of so many public services to our people. Every enterprise, major or small, also needs a unique ID. The government will evolve a scheme to assign every individual enterprise in India a unique ID," Jaitley said.

The move was lauded by employers, who said companies need to maintain at least 25 registration numbers at present. “We had proposed creating a universal enterprise number — a sort of Aadhaar for enterprises — by which a single number would replace 25-plus numbers every enterprise have to operate as a legitimate business in India. 

It’s heartening to hear that the government will evolve a scheme to assign individual enterprises a unique ID," Rituparna Chakraborty, president, Indian Staffing Federation, said.

At present, 1.19 billion people have been issued Aadhaar, which constitutes roughly 99 per cent of the population.

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