April 01, 2026 08:41 pm (IST)
Follow us:
Cabinet gives approval to amend the Benami Transactions (Prohibition) Act, 1988
New Delhi, May 13 (IBNS) As a sequel to the announcement in the Budget, the Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to amend the Benami Transactions (Prohibition) Act, 1988 by moving of the Benami Transactions (Prohibition) (Amendment) Bill, 2015 in Parliament.
"The Bill provides for attachment and confiscation of benami properties and also fine with imprisonment. This is one more initiative to fight the menace of black money inside the country," read a government statement.
The Department of Revenue in consultation with the Legislative Department has amended the Benami Transactions (Prohibition) Act, 1988.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Amit Shah to join Suvendu Adhikari on Bhabanipur nomination day; BJP plans mega roadshow
Wed, Apr 01 2026
Bengal SIR progress: 47 lakh of 60 lakh adjudicated cases disposed of, Supreme Court informed
Wed, Apr 01 2026