Strict laws to be used to deal with 'benami' transactions: PM

November 27, 2016

New Delhi, Nov 27: With Jan Dhan accounts witnessing a surge in deposits, Prime Minister Narendra Modi today issued a warning to those using poor people to park their illegal money, saying the strict 'benami' law would be implemented against such transactions.

He appealed to the people to shift to cashless system of transactions and asked the youth to help in this process by educating the elders and those not literate.

NarendraIn his monthly radio programme 'Mann ki Baat', first after the demonetisation decision, Modi devoted substantial part of the 37-minute broadcast to the issue over which he is under opposition attack.

He also spoke about the Kashmir situation and particularly hailed the massive attendance of students in board exams recently.

Focussing on demonetisation, the Prime Minister said "even now, some people think they can bring their black money, the money earned through corruption or the one which is unaccounted for, back into the system through illegal means.

"Unfortunately, they are misusing the poor for this purpose by misleading, luring or tempting them by putting money into their accounts."

He said "a very stringent law to deal with 'benami' transactions is being implemented, that will make such things (transactions) very difficult. Government does not want the people to face such difficulties."

"I would tell such (unscrupulous) people that to reform or not reform is your wish. Following the law or not is your wish - that the law will take care of. But please don't play with the life of the poor. Don't do anything due to which, when there is an investigation, the name of the poor comes on record and he gets into trouble because of you."

However, wrong practices have become so entrenched that some people were still not mending their ways, he said, adding "these people are trying to find ways to again bring their ill gotten wealth, black money, benami and unaccounted cash back in to the system. They are scouting for illegal ways to save their black money and unfortunately even in this pursuit they are looking to misuse the poor."

The Prime Minister congratulated the people for facing difficulties but supporting demonetisation to fight graft and black money.

Efforts are being made to mislead the people against demonetisation, but they were making sacrifices for a better India, he said while appealing to the youth, "the true soldiers", to lead the battle against corruption.

Modi said "our dream is for a cashless society. It is correct that we cannot achieve it immediately. But India can definitely move towards a less-cash society. Once we start the move towards a less-cash society, the goal of a cashless society will not be far away."

Comments

Skazi
 - 
Sunday, 27 Nov 2016

there are 20 crore jandhan accounts ... if one family consists of 3 members ,, 20x3 = 60 crore people will vote against Feku... we have nearly 80 crores on voters list, then 75 % are against FEKU, and feku bhad me jayega.... feku is nicely screwed ...

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News Network
June 30,2020

Hyderabad, Jun 30: Hyderabad-based Bharat Biotech announced that it has successfully developed Covaxin, India's first vaccine candidate for Covid-19, in collaboration with the Indian Council of Medical Research (ICMR) and National Institute of Virology (NIV).

The Drug Controller General of India - CDSCO, Ministry of Health & Family Welfare granted permission to initiate Phase I & II Human clinical trials after the company submitted results generated from preclinical studies, demonstrating safety and immune response. Human clinical trials are scheduled to start across India in July 2020.

The SARS-CoV-2 strain was isolated in NIV, Pune and transferred to Bharat Biotech.

The indigenous, inactivated vaccine developed and manufactured in the company's Bio-Safety Level 3 (BSL-3) High Containment facility located in Genome Valley, Hyderabad.

Announcing the vaccine development milestone, Dr Krishna Ella, Chairman and Managing Director said: "We are proud to announce COVAXIN, India's first indigenous vaccine against COVID-19. The collaboration with ICMR and NIV was instrumental in the development of this vaccine."

Dr Ella added, "The proactive support and guidance from CDSCO has enabled approvals to this project. Our R&D and Manufacturing teams worked tirelessly to deploy our proprietary technologies towards this platform."
Expedited through national regulatory protocols, the company accelerated its objective in completing the comprehensive pre-clinical studies. Results from these studies have been promising and show extensive safety and effective immune responses.

Speaking about Bharat Biotech's prowess, Suchitra Ella, Joint Managing Director said, "Our ongoing research and expertise in forecasting epidemics has enabled us to successfully manufacture a vaccine for the H1N1 pandemic."
"Continuing our focus on creating the only BSL-3 containment facilities for manufacturing and testing in India, Bharat Biotech is committed to advancing vaccine development as a matter of national importance to demonstrate India's strength in handling future pandemics," she added.

Bharat Biotech's track record in developing vero cell culture platform technologies has been proven in several vaccines for Polio, Rabies, Rotavirus, Japanese Encephalitis, Chikungunya and Zika.

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News Network
May 18,2020

New Delhi, May 18: With the highest-ever spike of 5,242 new cases in last 24 hours, the total number of positive COVID-19 cases in India reached 96,169 on Monday, according to the Ministry of Health and Family Welfare.

With 157 deaths reported in the last 24 hours, the death toll has risen to 3,029, as per the latest update by the ministry.

Out of the total number of cases, 36,824 have been cured/discharged/migrated.

This comes a day after the nationwide lockdown, imposed as a precautionary measure to contain the spread of COVID-19, was extended till May 31.

Maharashtra remains the worst-affected state due to the virus with 33,053 cases, including 1,198 deaths. It is followed by Gujarat (11,379), Tamil Nadu (11,224) and Delhi (10,054).

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Agencies
June 10,2020

New Delhi, Jun 10: The Enforcement Directorate (ED) on Wednesday brought back over 2,300 kg of polished diamonds and pearls worth Rs 1,350 crore of firms belonging to Nirav Modi and Mehul Choksi from Hong Kong, officials said.

Out of the 108 consignments that landed at Mumbai, 32 belong to overseas entities "controlled" by Modi while the rest are of Mehul Choksi firms.

Both the businessmen are being probed by the ED under the Prevention of Money Laundering Act (PMLA) in connection with an over USD 2 billion alleged bank fraud at a PNB branch in Mumbai.

The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. 

The ED completed "all legal formalities" with authorities in Hong Kong to bring back these valuables, the agency said.

These will formally seized under the PMLA now, it said.

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