Today, PM Modi received standing ovation from public in Karnataka and Goa and we also saw how emotional he became while delivering his speech. He justified that the demonetization of the government are beneficial for long run. This was his first speech after the ban.
However, this note ban is not the only attack by Modi government! Yes, you heard it right, while addressing the audience; Modi said that his next move would be against “Benami properties”. He asked people to co-operate with him for next 50 days and he promised to drive away corruption completely.
Further, he stated that bureaucrats possess Benami flats in Goa and said he will teach them a lesson. Modi said that a law has been passed by the government, which enables crackdown on “Benami properties”.
Benami Transactions (Prohibition) Amendment Act, 2016 has been passed by the parliament in this year’s monsoon session. Yes, many a times, people posses “Benami properties” to get rid of taxes. Now, as per this new law, such people will be strictly punished.
According to this act, a person who deals in black money in the sector of real estate would be jailed for 7 years. Moreover, benami properties would be confiscated too.
He said that these moves would increase housing for poor, cheaper medicines for elderly and education of poor children.
