Countering concerns about the arrest provisions that are part of the benami transactions bill, Jaitley said that this was mainly in the form of a deterrent. “All benami property transactions may not be illegal. Once enacted, it will plug a gap in the National Democratic Alliance government’s efforts to tackle black money. New Delhi: Parliament on Tuesday passed the Benami Transactions (Prohibition) Amendment Bill, 2015, paving the way for a comprehensive legislation to tackle black money within the country. So not all benami property purchases may from unaccounted wealth,” he said.

Source: Mint August 02, 2016 18:56 UTC