UBIN - Current Affairs Questions and Answers

ANSWER: Unique Business Identification Number

Explanation:
GoI has entered the process for issuing a Unique Business Identification Number of UBIN to entrepreneurs to set up business without delay

• DIPP under Ministry of Commerce and Industry has kickstarted this initiative
• The UBIN would be automatically linked to Ministry Of Corporate Affairs (MCA) portal after it is issued to the intended beneficiary. It will be subsequently sent to the CBDT (Central Board of Direct Taxes) which would nomenclature it as PAN for UBIN.