On June 1, the revenue department of the finance ministry issued a notification making linking of Aadhaar with bank accounts mandatory.
The notification amended the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 to make quoting of Aadhaar mandatory along with PAN or Form 60 by individuals, companies and partnership firms for all financial transactions of Rs 50,000 or above.
This has intensified the privacy debate in the country. West Bengal Chief Minister Mamata Banerjee termed it anti-poor and said, "Aadhaar has serious issues about privacy." The Supreme Court is already seized with the question of privacy versus Aadhaar.