Next target benami transactions: Modi

December 17, 2016

New Delhi, Dec 17: Prime Minister Narendra Modi on Friday told BJP parliamentarians that the government's next crackdown would be on benami or proxy-owned property.

modi
Vowing to rid the country of corruption, he said banning Rs 1,000 and Rs 500 notes was only the beginning of a mega fight against black money in all its forms.

By stating so, the prime minister sought to send out a strong signal that he was not on the back foot following reports of cash crunch in parts of the country due to demonetisation and fears within the BJP of an adverse fallout in the elections in Uttar Pradesh and other states early next year.

“We do not think in parts. There is a full-scale design (to fully eradicate black money). It is only that we show our cards gradually,” he said.

“If the middle class is to be rid of exploitation and the poor are to be restored their rights, then courageous decisions will have to be taken to eradicate black money and corruption,” he said.

His government, Modi asserted, will take action against benami transactions and then the Congress will again shout that it is a “very hasty” decision.

He accused the Congress of being a “votary of corruption”. It had made a law against benami assets in 1988 but never notified it or framed rules, ensuring that the legislation never came into force. “For us, the country's interests are always above the party's. For Congress, the party's interests are above the country's,” the prime minister said.

Though it is not the first time Modi has spoken about action on benami property, he appeared to underscore the fact that his government had already strengthened the institutional framework for this purpose. His government had amended the original Benami Transactions Act 1988 to make the existing law more stringent.

Under the Benami Transactions (Prohibition) Amendment Act, 2016, which came into force on November 1, a transaction is namedbenami' if the property is held by one person, but has been provided or paid for by another person.

The Act prohibits recovery of the property held benami from benamidar by the real owner. Also, benami properties are liable for confiscation.

The Prime Minister's Office has been gathering reports about black money finding a safe haven in properties in Delhi, the NCR region and Tier II, Tier III towns, under unknown names to escape the law.

As the winter session of Parliament turned out be a virtual washout following the impasse over debate on demonetisation, Modi said the Opposition's criticism of the note ban showed their support for the “dishonest and corrupt”.

He also attacked former Prime Minister Manmohan Singh, who had called demonetisation an “organised plunder and legalised loot”. He quoted Singh's comments made in 1991 to say that he once used the “language of threat” against tax evaders but his voice has completely changed now.

Modi also blamed Indira Gandhi for causing huge losses to the country by not implementing demonetisation in 1971. “We needed to do it in 1971. We have caused huge losses by not doing this since 1971.”

Comments

SYED
 - 
Saturday, 17 Dec 2016

START FROM REDDY, GADKARI, JAITLEY ETC ETC.....LAVISH DAUGHTER'S MARRIAGE FUNCTION WAS HELD.

SO FAR NO ACTION FROM THESE BLACK MONEY HOLDERS....

NOTE NAHI PM BADLO......

Skazi
 - 
Saturday, 17 Dec 2016

Why 1971......why not in 1998 when bajpayee was PM..... No other work ...only making bow bow....

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December 2,2025

Mangaluru, Dec 2: Mangaluru International Airport responded to a medical emergency late on Monday night. Air India Express flight IX 522, travelling from Riyadh to Thiruvananthapuram, was diverted to Mangaluru Airport after a passenger in his late 30s experienced a medical emergency on board.

The Airport’s Operations Control Centre received an alert regarding the passenger’s health condition. The airport activated its emergency response protocol, mobilising the airport medical team and coordinating with stakeholders including CISF, immigration, and customs. 

Upon landing, airport medical personnel attended to the passenger, assessed his condition, and arranged to shift him to a local tertiary-care hospital for further treatment. The passenger’s relatives accompanied the passenger, who incidentally received necessary medical care on board, which helped stabilise the situation.

Following the handling of the emergency, the flight departed for Thiruvananthapuram at 2:05 am on Tuesday.

"We appreciate the cooperation of all parties involved, and this incident reaffirms our ongoing commitment to prioritising passenger safety and readiness to respond to unforeseen emergencies with professionalism and care," the Airport spokesperson said. 

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December 2,2025

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Bengaluru: 'Nati koli saaru' (country chicken curry) considered one of Chief Minister Siddaramaiah’s favourites along with steaming hot idlis was on the breakfast menu at Deputy CM D K Shivakumar’s residence on Tuesday, according to official sources.

The spread also included 'nati koli' fry, vada and pongal, among other items, they said.

In an apparent show of unity, Siddaramaiah visited Shivakumar’s residence for breakfast, just days after the two leaders shared a meal amid a simmering power tussle in the state Congress.

Siddaramaiah drove to the Deputy CM’s residence in Sadashivanagar, where he was received by Shivakumar and his brother D K Suresh, who is a former Congress MP.

Suresh and Kunigal MLA H D Ranganath, a relative of Shivakumar, joined them for breakfast, which featured a mix of vegetarian and non-vegetarian dishes.

Speaking to reporters later, Siddaramaiah said Shivakumar had invited him during his visit to the CM’s residence for breakfast on Saturday.

Asked about the difference between the two meals, the chief minister said, "At his (Shivakumar’s) house it was non-veg, while at my house it was veg. He is a vegetarian, I am a non-vegetarian. I had not prepared non-veg. I told DK to get chicken from the village as you won’t get the original in Bengaluru."

Shivakumar said he had initially invited Siddaramaiah to his residence, but the CM had suggested visiting his place first and reciprocating later. "It was a vegetarian breakfast at the CM’s house on Saturday," he noted.

"Today, I invited him (the CM) to my house. He enjoyed the breakfast, which had his Mysuru taste," Shivakumar added. At this point, Siddaramaiah remarked that Shivakumar’s wife is also from Mysuru.

Saturday’s breakfast at Siddaramaiah’s official residence, held as part of efforts by the Congress high command to ease tensions in the leadership dispute between the two, reportedly included idlis and sambar, according to official sources.

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December 2,2025

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Udupi, Dec 2: A wave of regional pride is sweeping through Udupi district as Shagun S Verma Hegde, a talented Class 9 student from Christ King English Medium High School, Karkala, has been named the captain of the Indian National Team for the Under-15 Girls’ Volleyball Championship.

Shagun holds the unique distinction of being the sole player from Karnataka selected to represent the country in the prestigious international tournament. The championship, organized by the School Games Federation, is scheduled to take place in Shangluo, China, from December 3 to 13, where Shagun will lead the national squad.

A Remarkable Journey to the Top

Shagun’s selection is a testament to her dedication and exceptional skill on the court. Her journey included several rigorous rounds of selection:

•    She was the only player from Udupi district to qualify for the state-level selection camp.

•    Out of eight players from Karnataka who advanced to the national selection camp in Pune, Maharashtra, Shagun was the only one to secure a place in the final national squad.

•    The national camp saw participation from approximately 200 players, which was shortlisted to 23. Shagun not only made the final cut but was also ranked as the second-best player overall, solidifying her leadership role.

Shagun, who is the daughter of Sandesh Verma and Shruthiraj of Kallotte, Karkala, has trained under experienced coaches Santosh D’Souza, Jeevan D’Silva, Jairaj Poojary, and Ramesh. Her selection as the team captain has brought profound honour to her family, school, the Udupi district, and the entire state of Karnataka.

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