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Union Budget 2019 and NRIs

The announcement of Union Budget 2019 comes as a great relief for the non-resident Indians (NRIs) who hold Indian passport.Finance Minister Nirmala Sitharaman on Friday proposed to issue Aadhaar cards to non-resident Indians holding Indian passport on their arrival in the country.As per the current Aadhaar laws, every resident shall be entitled to obtain an Aadhaar number by submitting his demographic information and biometric information by undergoing the process of enrolment. But NRIs with Indian passport has to wait for 180 days to get the Aadhaar card.But Budget 2019 proposes to consider issuing Aadhaar card to NRIs holding Indian passports without waiting for 180 days. This news comes as a huge relief for NRIs as it will facilitate them in getting KYC done quickly which may enable them to use the card for expediting financial transactions within the country and allow them to use the card number for filing ITRs also. 

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