Strong Law to be enacted to curtail Benami Properties – Modi

Strong Law to be enacted to curtail Benami Properties – Modi

Prime Minister Mr.Modi vowed to take forward the fight against unaccounted money and corruption by implementing a strong law against benami properties.

“I assure you this is just the beginning in our fight against corruption. We have to win this war. There is no question of stopping… there is no question of retreat,” said Modi, under sharp attack from the Opposition over demonetisation.

In his last monthly address this year in the Mann ki Baat programme, Modi defended the changes in the rules related to deposits and withdrawals, saying these have been done to reduce people’s problems and defeat the forces which are out to thwart his government’s fight against black money and corruption.

“Being a sensitive government, it amends rules as required, keeping the convenience of the people as its foremost consideration, so that citizens are not subjected to hardships,” said Modi.

Modi also talked about the benami property law that came into being in 1988, but neither its rules were framed, nor was it notified and laid dormant for years.

“We have retrieved it and turned it into an incisive law against benami property. In the coming days, this law will also become operational. For the benefit of the nation, for the benefit of the people, whatever needs to be done will be accorded our top priority,” he said.

“I assure you that this is not the end. This is just the beginning in our fight against corruption. We have to win this war against corruption and black money. There is no question of stopping or going back in this fight. With wishes of 1.25 billion people, there is no question of retreat,” Mr.Modi addeed.

Giving a push to his plea for cashless economy, Modi also launched two new schemes for traders and customers that will dole out 15,000 prizes every day to those making digital transactions.

Source: BS