After demonetisation, benami properties to be next target says PM Modi

The government will crack down on benami properties, says Prime Minister Narendra Modi. That’s the right thing to do to fight black money. But the government must ensure that the crackdown does not lead to undue harassment by officers empowered under the law to unearth and confiscate benami properties. Benami properties are registered in the name of third parties, fictitious or otherwise, by the owner who remains anonymous, making these properties obvious instruments to generate and hide wealth. ..

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