Putting a name to the benami Indian
In his final radio address of 2016, Prime Minister Narendra Modi reiterated his determination to act against those who park illegal wealth in property with no clear titles and no authentic name of a clear buyer attached to it.

This is the PM’s avowed implementation of the Benami Transactions (Prohibition) Amendment Act, 2016, modified in August this year that came into effect from November 1. “This is major step to eradicate corruption and black money... We are going to take action against the properties which are purchased in the name of others. That is the property of the country. My government feels that it is our responsibility to help the poor and I will do it,” Modi had promised in November.

The Act punishes illegal transactions with up to seven years of imprisonment and penalties. Read more at - https://goo.gl/PPbsjk
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