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What are benami properties? All you need to know

What are benami properties? All you need to know
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After attacking black money by demonetisation of high value curency notes, Prime Minister Narendra Modi is all set to take on ‘benami’ properties to check corruption. In his last radio programme (Mann Ki Baat) of the year, Modi said the government will soon operationalise a strong law to effectively deal with ‘benami’ properties. “We will take action against ‘benami’ property. 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 (benami). That is the property of the country,” said the prime minister.

To read the full story, go to http://indianexpress.com/article/india/what-are-benami-properties-all-you-need-to-know-modi-demonetisation/

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