Cabinet clears bill to check benami transactions New Delhi: The Cabinet today approved the new Benami Transaction (Prohibition) Bill which aims at curbing the generation of domestic black money. “The Union Cabinet has approved the new Benami Transaction (Prohibition) Bill to curb generation of black money,” said a source after the Cabinet meeting here. Apart from … [Read more...] about Cabinet clears bill to check benami transactions
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Black Money Bill passed in Lok Sabha
Black Money Bill passed in Lok Sabha New Delhi: The bill, which provides for penalty and tax up to 120 percent along with criminal prosecution for those who have parked black money abroad, was passed in the Lok Sabha on Monday. Finance Minister Arun Jaitley, who moved the bill in the Lok Sabha, asked the opposition not to develop ‘cold feet’ in supporting the … [Read more...] about Black Money Bill passed in Lok Sabha
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