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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Agencies
July 30,2020

New Delhi, Jul 30: India witnessed a single-day spike of 52,123 COVID-19 cases as the total cases in the country reached 15,83,792, the Union Ministry of Health and Family Welfare said on Thursday.

The total cases include 5,28,242 active cases and 10,20,582 cured/discharged cases, the Health Ministry added.

A total of 775 deaths were reported in the last 24 hours taking the death toll to 34,968.

Maharashtra continues to be the worst-affected state as it reported 9,211 new COVID-19 cases 298 deaths on Wednesday. The total number of cases is now at 4,00,651 including 2,39,755 recovered cases, 1,46,129 active cases and 14,463 deaths.

The total number of cases in Tamil Nadu reached 2,34,114.

Delhi reported 1,035 COVID-19 cases yesterday, taking the total number of cases in the national capital to 1,32,275.

The total number of COVID-19 samples tested up to July 29 is 1,81,90,382 including 4,46,642 samples tested yesterday, said the Indian Council of Medical Research (ICMR).

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News Network
February 26,2020

Feb 26: In his first reaction to incidents of violence in Delhi which have left at least 20 people dead, Prime Minister Narendra Modi on Wednesday appealed for peace and brotherhood, and said he has held an extensive review of the prevailing situation in various parts of the national capital.

He also said it was important that calm and normalcy was restored at the earliest.

“Had an extensive review on the situation prevailing in various parts of Delhi. Police and other agencies are working on the ground to ensure peace and normalcy,” Modi tweeted.

Stressing that peace and harmony are “central to our ethos”, Modi said, “I appeal to my sisters and brothers of Delhi to maintain peace and brotherhood at all times.”

At least 20 people have been killed since Sunday in communal violence in Northeast Delhi, triggered after clashes between pro and anti-CAA protestors over the Citizenship (Amendment) Act.

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News Network
February 28,2020

Feb 28: Market benchmark Sensex plummeted over 1,100 points, wiping off over Rs 5 lakh crore investor wealth, in opening session on Friday amid a massive selloff in global equities as rising coronavirus cases outside China stoked fears of a pandemic that could dent world growth.

The 30-share index sank 1,100.27 points, or 2.77 per cent, to 38,645.39, while the NSE Nifty cracked 329.50 points, or 2.83 per cent, to 11,303.80.

All Sensex components were trading in the red, led by losses in Tata Steel, Tech Mahindra, Infosys, Mahindra and Mahindra, Bajaj Finance, HCL Tech and Reliance Industries.

In the previous session, the Sensex settled 143.30 points, or 0.36 per cent, lower at 39,745.66, and the Nifty fell 45.20 points or 0.39 per cent to end at 11,633.30.

According to analysts, till last week the market was of the view that coronavirus was going to have minimum impact on global economy as situation in China was being contained. But the increase in the number of new cases is changing the view and investors are worried about an intense slowdown.

Further, incessant selling by foreign investors is also spooking domestic market participants, traders said.

On a net basis, foreign institutional investors sold equities worth Rs 3,127.36 crore on Thursday, data available with stock exchanges showed.

Stock exchanges in Shanghai, Hong Kong, Seoul and Tokyo plunged up to 4 per cent in their morning sessions.

On Wall Street, the Dow Jones Industrial Average dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1 per cent.

The S&P 500 has now plunged 12 per cent from the all-time high it set just a week ago.

World oil prices too tumbled by more than 4 per cent overnight as traders fretted about the impact of spreading coronavirus on crude demand, particularly from key consumer China.

Brent crude oil futures fell another 2.47 per cent to USD 50.45 per barrel early in the day.

The rupee depreciated 28 paise to 71.89 against the US dollar in morning session.

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